401(k) · DOL Form 5500 · 2024
Federated Hermes, Inc. 401(k) Plan
Data updated 2026-08-25
- $694M
- Total assets Above avg plan size
- 1,445
- Participants Near avg headcount
- 98th
- Percentile by assets National rank
- $479,945
- 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
$694M in assets, 1,445 participants
Federated Hermes, Inc.'s Federated Hermes, Inc. Employees Profit Sharing / 401(k) Plan reported $694M in total assets and 1,445 participants in its 2024 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.
- #8,217 in Finance & Insurance (8,549 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, $694M for 1,445 participants (~$479,945/participant), up 14.0% in 2024.
- #8,217
- in Finance & Insurance (8,549 peers)
- +14.0%
- assets growth YoY
- 7.0×
- 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 2024 · DOL Form 5500
$693,520,932 Top 2% higher than 98% 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
Federated Hermes, Inc. Employees Profit Sharing / 401(k) Plan's large-plan peer group by participant headcount
Plan-year 2024 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 (1,445 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Federated Hermes, Inc. Employees Profit Sharing / 401(k) Plan reported net income rose from $58M in the plan year 2023 filing to $85M in the plan year 2024 filing.
- Federated Hermes, Inc. Employees Profit Sharing / 401(k) Plan end-of-year assets rose from $608M in the plan year 2023 filing to $694M in the plan year 2024 filing.
- Federated Hermes, Inc. Employees Profit Sharing / 401(k) Plan reported participants rose from 1,412 in the plan year 2023 filing to 1,445 in the plan year 2024 filing.
EBSA filing schedule strip
Filing strip 251111467 · Federated Hermes, Inc. PY 2024 · 401(k)
Federated Hermes, Inc. Employees Profit Sharing / 401(k) Plan · $694M · 1,445 · 98th
- EBSA $694M
- PART 1,445
- TYPE 98th
- NET 401(k)
- BOOK near Navient 401(k) Savings Plan
- VS-ST ind #8217
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 (2024)
| Total Assets (Beginning of Year) | $608M |
|---|---|
| Net Assets (End of Year) | $694M |
| Net Income | $85M |
| 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 $19.7B · 90,495
- The Cigna Group 401(k) Plan $14.2B · 63,634
- The Vanguard Retirement and Savings Plan $11.1B · 18,066
- Thermo Fisher Scientific Inc. 401(k) Retirement Plan $10.3B · 36,150
- The PNC Financial Services Group, Inc. Incentive Savings Plan $10.2B · 54,604
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 Navient 401(k) Savings Plan in DE ($694M); by covered participants it is Lamers Bus Lines, Inc. 401(k) Profit Sharing Plan in WI (1,445 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($694M here).
- Navient 401(k) Savings Plan (DE) $694M · 3,630
- Sandvik 401(k) Retirement Plan (NC) $693M · 2,698
- The Marvin Companies Profit Sharing and 401(k) Plan (MN) $693M · 6,770
- Bradley Arant Boult Cummings LLP Retirement Plan (AL) $694M · 1,201
Similar participant headcount
Nearest other-state filings by covered participants (1,445 participants); asset peers above are excluded.
- Lamers Bus Lines, Inc. 401(k) Profit Sharing Plan (WI) 1,445 · 0 off
- Southern Motion, Inc. 401(k) Plan (MS) 1,445 · 0 off
- Lake Regional Health System Employees' Retirement Plan (MO) 1,445 · 0 off
- Arkansas Heart Hospital 401(k) Plan (AR) 1,445 · 0 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.