401(k) · DOL Form 5500 · 2023

Red Hat, Inc. 401(k) Plan

Data updated 2026-08-25

$1.6B
Total assets Very large vs avg
8,059
Participants Very large workforce
99th
Percentile by assets National rank
$196,284
Avg per participant Above avg balance/head
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Official DOL plan name: Red Hat, Inc. 401(k) and Profit Sharing Plan · Sponsored by Red Hat, Inc. · North Carolina · Professional & Technical Services

$1.6B in assets, 8,059 participants

Red Hat, Inc.'s Red Hat, Inc. 401(k) and Profit Sharing Plan reported $1.6B in total assets and 8,059 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.

  • #20,212 in Professional & Technical Services (20,321 peers)

Coverage in North Carolina

Red Hat, Inc. 401(k) and Profit Sharing Plan covers 8,059 participants in North Carolina, 9.8x the typical North Carolina plan (state average ~819 per filing). Assets: $1.6B.

#20,212
in Professional & Technical Services (20,321 peers)
+29.6%
assets growth YoY
16×
vs typical plan assets (national mean)

Red Hat, Inc. 401(k) and Profit Sharing Plan's outsized position by total assets

Red Hat, Inc. 401(k) and Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$1,581,851,417 Top 1% higher than 99% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Red Hat, Inc. 401(k) and Profit Sharing 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. Red Hat, Inc. 401(k) and Profit Sharing Plan lands in the large band (8,059 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Red Hat, Inc. 401(k) and Profit Sharing Plan reported net income rose from -$199M in the plan year 2022 filing to $361M in the plan year 2023 filing.
  • Red Hat, Inc. 401(k) and Profit Sharing Plan end-of-year assets rose from $1.2B in the plan year 2022 filing to $1.6B in the plan year 2023 filing.
  • Red Hat, Inc. 401(k) and Profit Sharing Plan reported participants rose from 7,995 in the plan year 2022 filing to 8,059 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 061364380 · Red Hat, Inc. PY 2023 · 401(k)

Red Hat, Inc. 401(k) and Profit Sharing Plan · $1.6B · 8,059 · 99th

  • BOOK $1.6B
  • BOOK 8,059
  • BOOK 99th
  • BOOK 401(k)
  • BOOK near Prime Healthcare Services, Inc. 401(k) Plan
  • BOOK ind #20212

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 Professional & Technical Services retirement plans → · Plans in North Carolina →

Red Hat, Inc. 401(k) and Profit Sharing Plan in the asset neighbourhood

Chs Inc. 401(k) Plan$1.6BRed Hat, Inc. 401(k) and Profit Sharing PlanRed Hat, Inc. 401(k) and Pro…$1.6BPrime Healthcare Services, Inc. 401(k) PlanPrime Healthcare Services, I…$1.6BSavings Plan for Employees at OrnlSavings Plan for Employees a…$1.6BThe Sci 401(k) Retirement Savings PlanThe Sci 401(k) Retirement Sa…$1.6B
End-of-year total assets ($B) among Red Hat, Inc. 401(k) and Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$1.2B
Net Assets (End of Year)$1.6B
Net Income$361M
Employer EIN061364380
Plan Effective Date1998-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Red Hat, Inc.)

Sponsor-wide plan assets over time

All Red Hat, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$1.9B 59.03734400245586% vs 2022
2024 filing year
$1B$1.5B$2B$2.5B 202220232024 $1.22B $1.94B ▲ +59.0%
Year Plans Participants Total Assets
2022 1 7,995 $1.2B
2023 1 8,059 $1.6B
2024 1 7,477 $1.9B

Nearby 401(k) Plans in North Carolina

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Red Hat, Inc. 401(k) and Profit Sharing Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Red Hat, Inc. 401(k) and Profit Sharing Plan, Total assets ($B): 1.581851417 · Participants: 8059Red Hat, Inc. 401(k) and Profit Sharing PlanThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
Red Hat, Inc. 401(k) and Profit Sharing Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Red Hat, Inc. 401(k) and Profit Sharing Plan side-by-side with 3 peers →

Scale composition for Red Hat, Inc. 401(k) and Profit Sharing Plan

Red Hat, Inc. 401(k) and Profit Sharing Plan reports $1.6B in end-of-year assets across 8,059 participants (0.013% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.009% of 93,925,755 covered participants) - about $196,284 per participant (1.4x the national average assets-per-participant) . Net income for plan year 2023 was $361M.

This plan identity (EIN 061364380, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.2B to $1.9B (+59.0%) while covered participants moved from 7,995 to 7,477 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 7,995 $1.2B Open filing
2023 8,059 $1.6B This page
2024 · index core 7,477 $1.9B Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Red Hat, Inc. 401(k) and Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Prime Healthcare Services, Inc. 401(k) Plan in CA ($1.6B); by covered participants it is Nbcuniversal Capital Accumulation Plan (Cap) in NY (8,060 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.6B here).

Similar participant headcount

Nearest other-state filings by covered participants (8,059 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Red Hat, Inc. 401(k) and Profit Sharing Plan assets move in 2023? ▼
Red Hat, Inc. 401(k) and Profit Sharing Plan grew sharply - up 29.6% during 2023, from $1.2B to $1.6B. Reported net income was $361M.
How have Red Hat, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Red Hat, Inc.'s sponsor-wide assets grew 59.0%, from $1.2B to $1.9B.
Where does Red Hat, Inc. 401(k) and Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Red Hat, Inc. 401(k) and Profit Sharing Plan ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Red Hat, Inc. 401(k) and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Prime Healthcare Services, Inc. 401(k) Plan in CA ($1.6B, 31,705 participants).
Which 401(k) plans cover a similar participant headcount to Red Hat, Inc. 401(k) and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Nbcuniversal Capital Accumulation Plan (Cap) in NY (8,060 participants, $330M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 061364380.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.