401(k) · DOL Form 5500 · 2022
Parker Hannifin Corporation 401(k) Plan
Data updated 2026-08-25
- $5.9B
- Total assets Very large vs avg
- 24,956
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $238,357
- Avg per participant Above avg balance/head
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.
- #20,516 in Manufacturing (20,602 peers)
Coverage in Ohio
Parker Retirement Savings Plan covers 24,956 participants in Ohio, 33x the typical Ohio plan (state average ~765 per filing). Assets: $5.9B.
- #20,516
- in Manufacturing (20,602 peers)
- -16.5%
- assets change YoY
- 60×
- vs typical plan assets (national mean)
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.
Parker Retirement Savings Plan's outsized position by total assets
Parker Retirement Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$5,948,432,543 Highest reported value at or above every one of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Parker Retirement Savings Plan's mega-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Parker Retirement Savings Plan is a mega filing (24,956 participants), the rightmost band on the breakdown.
EBSA filing schedule strip
Filing strip 340451060 · Parker Hannifin Corporation PY 2022 · 401(k)
Parker Retirement Savings Plan · $5.9B · 24,956 · 100th
- PART $5.9B
- TYPE 24,956
- NET 100th
- BOOK 401(k)
- VS-ST near Cox Enterprises, Inc. 401(k) Plan
- BOY ind #20516
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Ohio →
Parker Retirement Savings Plan in the asset neighbourhood
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)
Sponsor-wide plan assets over time
All Parker Hannifin Corporation plans reported in each filing year
- Latest sponsor-wide plan assets
- $12.5B 110.2480208793384% vs 2022
- 2024 filing year
| 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.
- 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 (0.048% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.027% of 93,925,755 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)
Parker Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Ohio, the nearest 401(k) by assets is Cox Enterprises, Inc. 401(k) Plan in GA ($5.9B); by covered participants it is Ensign Services, Inc. 401(k) Retirement Savings Plan in CA (24,995 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($5.9B here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (24,956 participants); asset peers above are excluded.
- Ensign Services, Inc. 401(k) Retirement Savings Plan (CA) 24,995 · 39 off
- Hartford Healthcare 401(k) Retirement Plan (CT) 25,020 · 64 off
- Vail Resorts 401(k) Retirement Plan (CO) 24,860 · 96 off
- Insight Global, LLC 401(k) Plan (GA) 24,854 · 102 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.