401(k) · DOL Form 5500 · 2024

Federated Hermes, Inc. 401(k) Plan

Data updated 2026-08-11

$694M
Total assets: 1,445
Participants: 98th
Percentile by assets: $479,945
Avg per participant

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.

98th percentile by assets (of 123,622 plans)
#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.

$694M
total plan assets (2024 EOY): 1,445
covered participants: 98th
percentile by assets (of 123,622 plans): $479,945
avg assets per participant

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.

See the national 2023→2024 release diff →

State

Pennsylvania

Industry

Finance & Insurance

Federated Hermes, Inc. Employees Profit Sharing / 401(k) Plan vs the 2024 asset distribution

By assets, Federated Hermes, Inc. Employees Profit Sharing / 401(k) Plan outranks 98% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 7.0x the national average plan size of $100M (721 average participants).

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.)

Total plan assets by year, all Federated Hermes, Inc. plans on file

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.

Federated Hermes, Inc. Employees Profit Sharing / 401(k) Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants

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

Compare Federated Hermes, Inc. Employees Profit … side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Federated Hermes, Inc. Employees Profit Sharing / 401(k) Plan by total assets, not by location.

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

Frequently Asked Questions

How did Federated Hermes, Inc. Employees Profit Sharing / 401(k) Plan assets move in 2024? ▼

Federated Hermes, Inc. Employees Profit Sharing / 401(k) Plan grew at a solid clip - up 14.0% during 2024, from $608M to $694M. Reported net income was $85M.

How have Federated Hermes, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Federated Hermes, Inc.'s sponsor-wide assets grew 26.1%, from $550M to $694M.

Where does Federated Hermes, Inc. Employees Profit Sharing / 401(k) Plan rank by assets among Form 5500 filers? ▼

Federated Hermes, Inc. Employees Profit Sharing / 401(k) Plan ranks in the 98th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).

Which 401(k) plans are similar in size to Federated Hermes, Inc. Employees Profit Sharing / 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Navient 401(k) Savings Plan in DE ($694M, 3,630 participants).

Next read for Federated Hermes, Inc. Employees Profit …

Scale reading

Ways to act on Federated Hermes, Inc. Employees Profit Sharing / 401(k) Plan's numbers.

By total assets, Federated Hermes, Inc. Employees Profit Sharing / 401(k) Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Pennsylvania. Compare plans
Federated Hermes, Inc.'s sponsor-wide assets have grown 26.1% since 2022 across 3 plan years on file. More Finance & Insurance plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 251111467.