Danaher Corporation Pension Plan (US)

Danaher Corporation Pension Plan (US)

The Danaher Corporation Pension Plan (US) was established in 1957. It operates as the primary defined benefit vehicle for eligible U.S. employees of Danaher Corporation. Steven and Mitchell Rales founded the parent company whose shares later funded related philanthropic vehicles. The plan allocates across private equity strategies including buyouts, co-investments, and secondaries. It holds an insurance buy-in contract valued at $349 million. Confirmed holdings include approximately 2.0 million shares of Danaher Corporation stock as of December 31, 2024. Geographic exposure centers on the United States with additional activity through spin-off entities such as Veralto Corporation and Fortive Corporation. The plan reports 1,857 million in assets. It retains Ernst & Young as auditor since 2003 and BlackRock as investment manager since 2024. State Street Bank and Trust Company acts as custodian. Mercer provides actuarial services. The plan attended the Danaher Corporation Annual Meeting of Shareholders in May 2025. The plan maintains a direct relationship to Danaher Corporation through ongoing ownership of parent shares and retained liabilities after the 2023 Veralto spin-off.