401(k) · DOL Form 5500 · 2023
Red Hat, Inc. 401(k) Plan
Data updated 2026-08-11
- $1.6B
- Total assets
- 8,059
- Participants
- 99th
- Percentile by assets
- $196,284
- Avg per participant
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.
- 99th percentile by assets (of 127,072 plans)
- #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.
- $1.6B
- total plan assets (2023 EOY)
- 8,059
- covered participants
- 99th
- percentile by assets (of 127,072 plans)
- $196,284
- avg assets per participant
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.
Participants vs North Carolina filers
In North Carolina, the average filing covers about 819 participants across 3,515 plans. Red Hat, Inc. 401(k) and Profit Sharing Plan reports 8,059 participants - 9.8x that state average ($1.6B EOY assets).
North Carolina filing particulars
| Total Assets (Beginning of Year) | $1.2B |
|---|---|
| Net Assets (End of Year) | $1.6B |
| Net Income | $361M |
| Employer EIN | 061364380 |
| Plan Effective Date | 1998-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Red Hat, Inc.)
| 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
- The Bank of America 401(k) Plan $54.8B · 173,899
- Honeywell 401(k) Plan $15.4B · 40,004
- Duke Energy Retirement Savings Plan $10.4B · 28,121
- Truist Financial Corporation 401(k) Savings Plan $10.1B · 55,480
- Nucor Corporation Profit Sharing and Retirement Savings Plan $8.5B · 24,174
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 (401(k), $1.9B, 7,477 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Red Hat, Inc. 401(k) and Profit Sharing Plan by total assets, not by location.
- Prime Healthcare Services, Inc. 401(k) Plan (CA) $1.6B · 31,705
- Chs Inc. 401(k) Plan (MN) $1.6B · 8,124
- Savings Plan for Employees at Ornl (TN) $1.6B · 6,020
- The Sci 401(k) Retirement Savings Plan (TX) $1.6B · 21,872
Frequently Asked Questions
How did Red Hat, Inc. 401(k) and Profit Sharing Plan assets move in 2023? ▼
How have Red Hat, Inc. plan assets changed over time? ▼
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Filing takeaways
Ways to act on Red Hat, Inc. 401(k) and Profit Sharing Plan's numbers.
- By total assets, Red Hat, Inc. 401(k) and Profit Sharing 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 North Carolina. Compare plans
- Red Hat, Inc.'s sponsor-wide assets have grown 59.0% since 2022 across 3 plan years on file. More Professional & Technical Services plans