401(k) · DOL Form 5500 · 2023
Parker Hannifin Corporation 401(k) Plan
Data updated 2026-08-25
- $7.2B
- Total assets Very large vs avg
- 25,764
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $281,287
- Avg per participant High balance/head
Official DOL plan name: Parker Retirement Savings Plan · Sponsored by Parker Hannifin Corporation · Ohio · Manufacturing
$7.2B in assets, 25,764 participants
Parker Hannifin Corporation's Parker Retirement Savings Plan reported $7.2B in total assets and 25,764 participants in its 2023 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.
- #18,642 in Manufacturing (18,722 peers)
Coverage in Ohio
Parker Retirement Savings Plan covers 25,764 participants in Ohio, 34x the typical Ohio plan (state average ~765 per filing). Assets: $7.2B.
- #18,642
- in Manufacturing (18,722 peers)
- +21.8%
- assets growth YoY
- 73×
- vs typical plan assets (national mean)
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 2023 · DOL Form 5500
$7,247,087,719 Highest reported value at or above every one of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Parker Retirement Savings Plan's mega-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Parker Retirement Savings Plan is a mega filing (25,764 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Parker Retirement Savings Plan reported net income rose from -$1.2B in the plan year 2022 filing to $1.3B in the plan year 2023 filing.
- Parker Retirement Savings Plan end-of-year assets rose from $5.9B in the plan year 2022 filing to $7.2B in the plan year 2023 filing.
- Parker Retirement Savings Plan reported participants rose from 24,956 in the plan year 2022 filing to 25,764 in the plan year 2023 filing.
Form 5500 schedule snapshot
Filing strip 340451060 · Parker Hannifin Corporation PY 2023 · 401(k)
Parker Retirement Savings Plan · $7.2B · 25,764 · 100th
- 5500 $7.2B
- 5500 25,764
- 5500 100th
- 5500 401(k)
- 5500 near General Dynamics Corporation 401(k) Qaca Plan
- 5500 ind #18642
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) | $5.9B |
|---|---|
| Net Assets (End of Year) | $7.2B |
| Net Income | $1.3B |
| 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.
- GE Retirement Savings Plan $19.5B · 59,766
- The Sherwin-Williams Company 401(k) Plan $10.1B · 47,362
- The Progressive 401(k) Plan $9.2B · 56,176
- The Kroger Co. 401(k) Retirement Savings Account Plan $8.4B · 129,769
- Nationwide Savings Plan $7.6B · 24,715
Scale composition for Parker Retirement Savings Plan
Parker Retirement Savings Plan reports $7.2B in end-of-year assets across 25,764 participants (0.059% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.027% of 93,925,755 covered participants) - about $281,287 per participant (2.0x the national average assets-per-participant) . Net income for plan year 2023 was $1.3B.
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 | Open filing |
| 2023 | 25,764 | $7.2B | This page |
| 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 General Dynamics Corporation 401(k) Qaca Plan in VA ($7.3B); by covered participants it is Accentcare 401(k) Retirement Savings Plan in TX (25,704 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($7.2B here).
- General Dynamics Corporation 401(k) Qaca Plan (VA) $7.3B · 31,038
- Ti Contribution and 401(k) Savings Plan (TX) $7.2B · 13,037
- Salesforce 401(k) Plan (CA) $7.3B · 41,578
- Lumen 401(k) Savings Plan (LA) $7.1B · 24,522
Similar participant headcount
Nearest other-state filings by covered participants (25,764 participants); asset peers above are excluded.
- Accentcare 401(k) Retirement Savings Plan (TX) 25,704 · 60 off
- Pilot Travel Centers LLC 401(k) Plan (TN) 25,851 · 87 off
- Deferred Salary Plan of the Electrical Industry (NY) 25,873 · 109 off
- Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings (CA) 25,954 · 190 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.