401(k) · DOL Form 5500 · 2023
Federated Hermes, Inc. 401(k) Plan
Data updated 2026-08-25
- $608M
- Total assets Above avg plan size
- 1,412
- Participants Near avg headcount
- 98th
- Percentile by assets National rank
- $430,665
- Avg per participant High balance/head
Official DOL plan name: Federated Hermes, Inc. Employees Profit Sharing / 401(k) Plan · Sponsored by Federated Hermes, Inc. · Pennsylvania · Finance & Insurance
$608M in assets, 1,412 participants
Federated Hermes, Inc.'s Federated Hermes, Inc. Employees Profit Sharing / 401(k) Plan reported $608M in total assets and 1,412 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.
- #8,530 in Finance & Insurance (8,869 peers)
Where Federated Hermes, Inc. Employees Profit Sharing / 401(k) Plan sits by assets
Federated Hermes, Inc. Employees Profit Sharing / 401(k) Plan sits in the top 5% of all filed plans by assets, $608M for 1,412 participants (~$430,665/participant), up 10.5% in 2023.
- #8,530
- in Finance & Insurance (8,869 peers)
- +10.5%
- assets growth YoY
- 6.1×
- vs typical plan assets (national mean)
Federated Hermes, Inc. Employees Profit Sharing / 401(k) Plan's outsized position by total assets
Federated Hermes, Inc. Employees Profit Sharing / 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$608,099,243 Top 2% higher than 98% 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
Federated Hermes, Inc. Employees Profit Sharing / 401(k) Plan's large-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Federated Hermes, Inc. Employees Profit Sharing / 401(k) Plan lands in the large band (1,412 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Federated Hermes, Inc. Employees Profit Sharing / 401(k) Plan reported net income rose from -$110M in the plan year 2022 filing to $58M in the plan year 2023 filing.
- Federated Hermes, Inc. Employees Profit Sharing / 401(k) Plan end-of-year assets rose from $550M in the plan year 2022 filing to $608M in the plan year 2023 filing.
- Federated Hermes, Inc. Employees Profit Sharing / 401(k) Plan reported participants rose from 1,399 in the plan year 2022 filing to 1,412 in the plan year 2023 filing.
Plan-year Form 5500 strip
Filing strip 251111467 · Federated Hermes, Inc. PY 2023 · 401(k)
Federated Hermes, Inc. Employees Profit Sharing / 401(k) Plan · $608M · 1,412 · 98th
- VS-ST $608M
- VS-ST 1,412
- VS-ST 98th
- VS-ST 401(k)
- VS-ST near Bluescope Employee Savings Trust (Best)
- VS-ST ind #8530
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 Finance & Insurance retirement plans → · Plans in Pennsylvania →
Federated Hermes, Inc. Employees Profit Sharing / 401(k) Plan in the asset neighbourhood
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $550M |
|---|---|
| Net Assets (End of Year) | $608M |
| Net Income | $58M |
| Employer EIN | 251111467 |
| Plan Effective Date | 1960-12-23 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Federated Hermes, Inc.)
Sponsor-wide plan assets over time
All Federated Hermes, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $694M 26.074164132660027% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,399 | $550M |
| 2023 | 1 | 1,412 | $608M |
| 2024 | 1 | 1,445 | $694M |
Nearby 401(k) Plans in Pennsylvania
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Comcast Corporation Retirement - Investment Plan $17.4B · 93,136
- Cigna 401(k) Plan $13.0B · 66,760
- The Vanguard Retirement and Savings Plan $9.8B · 18,200
- The PNC Financial Services Group, Inc. Incentive Savings Plan $9.3B · 61,697
- The Bank of New York Mellon Corporation 401(k) Savings Plan $9.0B · 25,184
Federated Hermes, Inc. Employees Profit Sharing / 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside Pennsylvania, the nearest 401(k) by assets is Bluescope Employee Savings Trust (Best) in MO ($608M); by covered participants it is Roskam Baking Company Hourly Employees' Retirement Savings Plan in MI (1,412 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($608M here).
- Bluescope Employee Savings Trust (Best) (MO) $608M · 3,724
- Valmont Employee Retirement Savings Plan (NE) $607M · 6,294
- Breakthru Beverage Group 40 L(K) Plan (NY) $609M · 5,549
- Avnet 401(k) Plan (AZ) $609M · 2,972
Similar participant headcount
Nearest other-state filings by covered participants (1,412 participants); asset peers above are excluded.
- Roskam Baking Company Hourly Employees' Retirement Savings Plan (MI) 1,412 · 0 off
- Whelen Engineering Company, Inc. 401(k) Plan (CT) 1,412 · 0 off
- Boj of Wnc, LLC Retirement Plan (NC) 1,412 · 0 off
- A-Dec, Inc. 401(k) Profit Sharing Retirement Plan (OR) 1,413 · 1 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.