401(k) · DOL Form 5500 · 2022
Parker Hannifin Corporation 401(k) Plan
Data updated 2026-08-06
- $5.9B
- Total assets
- 24,956
- Participants
- 100th
- Percentile by assets
- $238,357
- Avg per participant
Official DOL plan name: Parker Retirement Savings Plan · Sponsored by Parker Hannifin Corporation · Ohio · Manufacturing
$5.9B in assets, 24,956 participants
Parker Hannifin Corporation's Parker Retirement Savings Plan reported $5.9B in total assets and 24,956 participants in its 2022 DOL Form 5500 filing, ranking in the 100th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 100th percentile by assets (of 139,258 plans)
- #20,543 in Manufacturing (20,629 peers)
Coverage in Ohio
Parker Retirement Savings Plan covers 24,956 participants in Ohio, 32x the typical Ohio plan (state average ~787 per filing). Assets: $5.9B.
- $5.9B
- total plan assets (2022 EOY)
- 24,956
- covered participants
- 100th
- percentile by assets (of 139,258 plans)
- $238,357
- avg assets per participant
The plan reported a net loss of $1.2B for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Ohio filers
In Ohio, the average filing covers about 787 participants across 4,840 plans. Parker Retirement Savings Plan reports 24,956 participants - 32x that state average ($5.9B EOY assets).
Ohio filing particulars
| Total Assets (Beginning of Year) | $7.1B |
|---|---|
| Net Assets (End of Year) | $5.9B |
| Net Income | -$1.2B |
| Employer EIN | 340451060 |
| Plan Effective Date | 1980-04-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Parker Hannifin Corporation)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 33,004 | $5.9B |
| 2023 | 2 | 25,955 | $10.9B |
| 2024 | 2 | 34,435 | $12.5B |
Nearby 401(k) Plans in Ohio
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Parker Retirement Savings Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
- The Sherwin-Williams Company 401(k) Plan $8.3B · 44,890
- The Progressive 401(k) Plan $7.6B · 50,299
- The Kroger Co. 401(k) Retirement Savings Account Plan $7.3B · 116,133
- Nationwide Savings Plan $6.7B · 24,278
- Marathon Petroleum Thrift Plan $6.4B · 17,666
Scale composition for Parker Retirement Savings Plan
Parker Retirement Savings Plan reports $5.9B in end-of-year assets across 24,956 participants (0.051% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.028% of 89,805,449 covered participants) - about $238,357 per participant (1.7x the national average assets-per-participant) . Net income for plan year 2022 was -$1.2B.
This plan identity (EIN 340451060, plan #075) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $5.9B to $9.0B (+51.5%) while covered participants moved from 24,956 to 26,315 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 24,956 | $5.9B | This page |
| 2023 | 25,764 | $7.2B | Open filing |
| 2024 · index core | 26,315 | $9.0B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Parker Retirement Savings Plan (401(k), $9.0B, 26,315 participants)
- Parker Defined Benefit Pension Plan (Defined Benefit (Pension), $3.5B, 8,120 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Parker Retirement Savings Plan by total assets, not by location.
- Cox Enterprises, Inc. 401(k) Plan (GA) $5.9B · 39,666
- 401(k) Savings Plan (WA) $5.9B · 95,581
- Amgen Retirement and Savings Plan (CA) $6.0B · 11,445
- Schlumberger Technology Corporation Savings and Profit Sharing Plan (TX) $5.9B · 14,858
Frequently Asked Questions
How did Parker Retirement Savings Plan assets move in 2022? ▼
How have Parker Hannifin Corporation plan assets changed over time? ▼
Where does Parker Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Parker Retirement Savings Plan? ▼
Next read for Parker Retirement Savings Plan
Filing takeaways
Ways to act on Parker Retirement Savings Plan's numbers.
- By total assets, Parker Retirement Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Ohio. Compare plans
- Parker Hannifin Corporation's sponsor-wide assets have grown 110.2% since 2022 across 3 plan years on file. More Manufacturing plans