Skip to content
Grade My 401(k)
Built by Basic Capital
2 critical issues

Danaher Corporation

59-1995548· Washington, DC· Fidelity· 2024 filing· vs 11 plans your size
B
0/100
Overall grade

Solid plan with a few things to improve.

B
Fees
B
Financial Wellness
A
Plan design
F
Compliance
Fees

Your plan pays around 3 bps of assets per year. Similar plans pay around 9 bps. Your plan is cheaper than about 82% of similar plans.

B
cheaper18th percentilepricier
Financial Wellness

Strong savings. Employees put away $10,903/employee a year. That's more than 84% of similar plans.

B
lower84th percentilehigher
Plan design

Well-designed. Has the features that matter most.

A
Employer match
The plan matches employee contributions, the single strongest driver of participation and savings.
Profit sharing
The employer also makes profit-sharing contributions on top of the match.
Automatic enrollment
New hires are enrolled by default. Plans with auto-enroll see much higher participation.
Safe harbor
Guaranteed employer contributions exempt the plan from annual IRS testing, so owners and higher earners can contribute the full limit.
Default investment (QDIA)
Employees who never pick investments land in a sensible default, usually a target-date fund, instead of cash.
Brokerage window
Employees can invest beyond the core fund menu through a self-directed brokerage account.
Compliance & health

2 critical issues on the latest filing. These need attention.

F
Failed IRS fairness test
The plan failed its annual IRS fairness test and had to refund contributions to higher-paid employees. A safe harbor design eliminates this problem entirely.
Late employee deposits
Employee 401(k) deposits didn't reach the plan on time. The DOL treats this as a prohibited transaction, and it's one of the most common audit triggers. It needs a formal correction, not just a late deposit.
Fidelity bond below 10% of BOY assets, ERISA 412 violation
The reported ERISA fidelity bond is below the 10%-of-assets guideline based on beginning-of-year assets. Fast-growing plans can look under-bonded on paper; confirm against the plan's current bond coverage.
Compare

How does Danaher Corporation stack up against another company?

Search a competitor to see the two report cards side by side.

Prefer to use your EIN?

Recordkeeper
Fidelity

No provider notes available.

Key insights

  • Strongest area: plan design. Well-designed. Has the features that matter most.
  • Best place to improve: compliance & health. 2 critical issues on the latest filing. These need attention.
Ask about your plan
Grounded in your Form 5500 data
Live

Try asking:

Shift+Enter for new line · Enter to send