401(k) · DOL Form 5500 · 2023
Parker Hannifin Corporation 401(k) Plan
Data updated 2026-08-06
- $7.2B
- Total assets
- 25,764
- Participants
- 100th
- Percentile by assets
- $281,287
- Avg per participant
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.
- 100th percentile by assets (of 126,618 plans)
- #18,592 in Manufacturing (18,672 peers)
Coverage in Ohio
Parker Retirement Savings Plan covers 25,764 participants in Ohio, 33x the typical Ohio plan (state average ~787 per filing). Assets: $7.2B.
- $7.2B
- total plan assets (2023 EOY)
- 25,764
- covered participants
- 100th
- percentile by assets (of 126,618 plans)
- $281,287
- avg assets per participant
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.
Participants vs Ohio filers
In Ohio, the average filing covers about 787 participants across 4,840 plans. Parker Retirement Savings Plan reports 25,764 participants - 33x that state average ($7.2B EOY assets).
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)
| 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
- 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 (0.062% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.029% of 89,805,449 covered participants) - about $281,287 per participant (2.1x 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)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Parker Retirement Savings Plan by total assets, not by location.
- 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
Frequently Asked Questions
How did Parker Retirement Savings Plan assets move in 2023? ▼
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