401(k) · DOL Form 5500 · 2024
Parker Hannifin Corporation 401(k) Plan
Data updated 2026-08-25
- $9.0B
- Total assets Very large vs avg
- 26,315
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $342,393
- Avg per participant High balance/head
Official DOL plan name: Parker Retirement Savings Plan · Sponsored by Parker Hannifin Corporation · Ohio · Manufacturing
$9.0B in assets, 26,315 participants
Parker Hannifin Corporation's Parker Retirement Savings Plan reported $9.0B in total assets and 26,315 participants in its 2024 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.
- #17,712 in Manufacturing (17,777 peers)
Coverage in Ohio
Parker Retirement Savings Plan covers 26,315 participants in Ohio, 34x the typical Ohio plan (state average ~765 per filing). Assets: $9.0B.
- #17,712
- in Manufacturing (17,777 peers)
- +24.3%
- assets growth YoY
- 90×
- 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 2024 · DOL Form 5500
$9,010,073,432 Highest reported value at or above every one of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Parker Retirement Savings Plan's mega-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Parker Retirement Savings Plan is a mega filing (26,315 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Parker Retirement Savings Plan end-of-year assets rose from $7.2B in the plan year 2023 filing to $9.0B in the plan year 2024 filing.
- Parker Retirement Savings Plan reported net income fell from $1.3B in the plan year 2023 filing to $1.1B in the plan year 2024 filing.
- Parker Retirement Savings Plan reported participants rose from 25,764 in the plan year 2023 filing to 26,315 in the plan year 2024 filing.
Plan-year Form 5500 strip
Filing strip 340451060 · Parker Hannifin Corporation PY 2024 · 401(k)
Parker Retirement Savings Plan · $9.0B · 26,315 · 100th
- BOOK $9.0B
- VS-ST 26,315
- BOY 100th
- SCH 401(k)
- EBSA near T-Mobile USA, Inc. 401(k) Retirement Savings Plan & Trust
- PART ind #17712
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) | $7.2B |
|---|---|
| Net Assets (End of Year) | $9.0B |
| Net Income | $1.1B |
| 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 Aerospace Retirement Savings Plan $14.7B · 45,620
- The Kroger Co. 401(k) Retirement Savings Account Plan $11.8B · 135,373
- The Progressive 401(k) Plan $11.5B · 62,521
- The Sherwin-Williams Company 401(k) Plan $10.6B · 47,459
- Eaton Savings Plan $8.4B · 24,055
Scale composition for Parker Retirement Savings Plan
Parker Retirement Savings Plan reports $9.0B in end-of-year assets across 26,315 participants (0.073% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.028% of 93,925,755 covered participants) - about $342,393 per participant (2.5x the national average assets-per-participant) . Net income for plan year 2024 was $1.1B.
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 | Open filing |
| 2024 · index core | 26,315 | $9.0B | This page |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- 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 T-Mobile USA, Inc. 401(k) Retirement Savings Plan & Trust in WA ($9.1B); by covered participants it is Lumen 401(k) Savings Plan in LA (26,319 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($9.0B here).
- T-Mobile USA, Inc. 401(k) Retirement Savings Plan & Trust (WA) $9.1B · 66,624
- American Express Retirement Savings Plan (NY) $9.1B · 25,030
- Charter Communications, Inc. 401(k) Savings Plan (NC) $8.9B · 102,013
- Salesforce 401(k) Plan (CA) $9.1B · 36,689
Similar participant headcount
Nearest other-state filings by covered participants (26,315 participants); asset peers above are excluded.
- Lumen 401(k) Savings Plan (LA) 26,319 · 4 off
- Fiserv 401(k) Savings Plan (WI) 26,372 · 57 off
- New York Hotel Trades Council & Hotel Association of New York City, Inc. 401(k) Savings Plan (NY) 26,383 · 68 off
- Unfi 401(k) Plan (RI) 26,416 · 101 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.