District of Columbia › Manufacturing › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Danaher Corporation & Subsidiaries Pension Plan
Sponsored by Danaher Corporation, Washington, DC
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Danaher Corporation of Washington, District of Columbia sponsors Danaher Corporation & Subsidiaries Pension Plan, a cash balance pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 21,071 participants (2,355 active) and $1.90B in net assets.
Net assets came to $90,114 per participant, close to the $87,623 median for defined benefit plans with 5,000 to 24,999 participants and well above the $67,961 median for defined benefit plans in manufacturing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 12 service provider organisations paid $5,000 or more, with reported compensation of $9.0M: $426 per participant, well above the same-size median of $232. Administrative expenses charged to the plan were $11.5M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $915M in 2009 to $1.90B in 2024 (up 107%), and participants from 34,750 to 21,071 (down 39%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $90,114 | $87,623 | $67,961 | $86,221 |
| Employer contributions per active participant | — | $9,468 | $6,915 | $10,244 |
| Schedule C compensation per participant | $426 | $232 | $299 | $344 |
| Schedule C compensation, share of net assets | 0.47% | 0.30% | 0.47% | 0.42% |
| Administrative expenses per participant | $545 | $396 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 5,000 to 24,999 participants (651 plans), manufacturing (1,532) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 21,071 | $1.90B | $90,114 | — | — | $9.0M |
| 2023 | 23,871 | $1.88B | $78,887 | — | — | $8.7M |
| 2022 | 26,524 | $1.85B | $69,577 | — | — | $8.9M |
| 2021 | 27,054 | $2.33B | $86,026 | — | — | $5.6M |
| 2020 | 26,881 | $2.05B | $76,246 | — | — | $3.9M |
| 2019 | 28,298 | $2.00B | $70,784 | $130M | — | $8.3M |
| 2018 | 30,960 | $1.77B | $57,093 | — | — | $8.6M |
| 2017 | 34,840 | $2.06B | $58,992 | $45.0M | — | $10.2M |
| 2016 | 35,465 | $1.90B | $53,686 | $43.7M | $0 | $8.1M |
| 2015 | 32,413 | $1.80B | $55,383 | $44.6M | $0 | $7.3M |
| 2014 | 34,910 | $1.93B | $55,287 | $43.2M | $0 | $9.9M |
| 2013 | 39,741 | $1.98B | $49,880 | $47.3M | $0 | $9.2M |
| 2012 | 40,879 | $1.81B | $44,280 | $50.0M | — | $5.9M |
| 2011 | 42,407 | $1.74B | $40,926 | $75.0M | — | $5.3M |
| 2010 | 33,520 | $1.09B | $32,481 | $145M | — | $5.2M |
| 2009 | 34,750 | $915M | $26,333 | $60.0M | — | $4.8M |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$1,883,102,687
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$214,472,908
- Benefits paid$187,295,315
- Administrative expenses$11,484,443
- Total expenses$198,779,758
- Net income$15,693,150
- Net transfers$0
- Net assets, end of year$1,898,795,837
Participants
- Active participants2,355
- Retired or separated, receiving benefits8,538
- Retired or separated, entitled to future benefits8,315
- Total participants, end of year21,071
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Aon Consulting Inc. | Recordkeeping and information management | $3,405,003 | $0 |
| Northern Trust Company | Custodial (securities); Trustee (bank, trust company, or similar financial institution); Investment advisory (plan); Investment management | $1,921,807 | $0 |
| Causeway Capital Management LLC | Investment management | $783,436 | $0 |
| UBS Global Asset Management | Investment management | $560,384 | $0 |
| William Blair | Investment management | $557,868 | $0 |
| Groom Law Group | Legal | $339,437 | $0 |
| Mercer | Actuarial | $334,352 | $0 |
| Wellington Trust Company | Investment management | $317,375 | $0 |
| Henderson Global Investors | Investment management | $214,212 | $0 |
| RV Kuhns & Associates | Consulting (general); Consulting (pension); Investment advisory (plan); Investment management; Other services | $197,067 | $0 |
| Doubleline Capital LP | Investment management | $186,684 | $0 |
| Pacific Investment Management Co. | Investment management | $151,625 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Recordkeeping fees$3,407,853
- Investment advisory and management fees$2,968,653
- Other trustee fees and expenses$2,459,907
- Trustee and custodial fees$1,733,620
- Legal fees$339,437
- Actuarial fees$334,352
- Valuation and appraisal fees$240,621
- Total administrative expenses$11,484,443
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Common/collective trusts$1.18B · 61.8%
- Corporate stocks$277M · 14.5%
- Partnership/joint venture interests$237M · 12.5%
- Registered investment companies (mutual funds)$121M · 6.4%
- Corporate debt instruments$50.8M · 2.7%
- U.S. Government securities$23.8M · 1.3%
- Cash (interest and non-interest bearing)$7.8M · 0.4%
- Receivables$7.4M · 0.4%
- Insurance company general account$1.7M · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmErnst & Young LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $10,000,000
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1BBenefits are primarily flat dollar (includes dollars per year of service)1CCash balance or similar plan3HPlan sponsor(s) is (are) a member(s) of a controlled group3JU.S.-based plan that covers residents of Puerto Rico and is qualified under both codes1IFrozen plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 335900: Other Electrical Equipment & Component Mfg.
Other plans of Danaher Corporation
| Plan | Participants | Net assets |
|---|---|---|
| Danaher Corporation & Subsidiaries Savings Plan | 37,514 | $6.46B |
| Danaher Corporation & Subsidiaries Puerto Rico Savings Plan | 897 | $38.5M |
Similar plans in District of Columbia
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| IAM National Pension Fund | Board of Trustees of the I.A.M. National Pension Fund | 311,750 | $14.7B | $47,179 |
| Smiths Group Pension Plan | Smiths Group Services Corporation | 3,455 | $236M | $68,418 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Danaher Corporation & Subsidiaries Pension Plan?
21,071 participants at the end of the plan year ending 31 Dec 2024, of whom 2,355 were active employees, with net assets of $1,898,795,837. Among defined benefit plans that places it in the 5,000 to 24,999 participants band, which held 651 plans in plan year 2024.
What does Danaher Corporation contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $8,969,250 in compensation to service provider organisations, $426 per participant or 0.47% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $11,484,443. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Danaher Corporation. Recordkeeping or administration: Aon Consulting Inc.. Investment advisory or management: Northern Trust Company, Causeway Capital Management LLC and UBS Global Asset Management. Trustee or custodian: Northern Trust Company. The financial statements were audited by Ernst & Young LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 11 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 59-1995548, plan 003, received 11 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.