401(k) · DOL Form 5500 · 2024

Red Hat, Inc. 401(k) Plan

Data updated 2026-08-25

$1.9B
Total assets Very large vs avg
7,477
Participants Very large workforce
99th
Percentile by assets National rank
$259,688
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

$1.9B in assets, 7,477 participants

Red Hat, Inc.'s Red Hat, Inc. 401(k) and Profit Sharing Plan reported $1.9B in total assets and 7,477 participants in its 2024 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.

  • #20,069 in Professional & Technical Services (20,173 peers)

Coverage in North Carolina

Red Hat, Inc. 401(k) and Profit Sharing Plan covers 7,477 participants in North Carolina, 9.1x the typical North Carolina plan (state average ~819 per filing). Assets: $1.9B.

#20,069
in Professional & Technical Services (20,173 peers)
+22.7%
assets growth YoY
19×
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 2024 · DOL Form 5500

$1,941,690,357 Top 1% higher than 99% of 123,620 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 2024

Red Hat, Inc. 401(k) and Profit Sharing 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. Red Hat, Inc. 401(k) and Profit Sharing Plan lands in the large band (7,477 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Red Hat, Inc. 401(k) and Profit Sharing Plan end-of-year assets rose from $1.6B in the plan year 2023 filing to $1.9B in the plan year 2024 filing.
  • Red Hat, Inc. 401(k) and Profit Sharing Plan reported participants fell from 8,059 in the plan year 2023 filing to 7,477 in the plan year 2024 filing.
  • Red Hat, Inc. 401(k) and Profit Sharing Plan reported net income fell from $361M in the plan year 2023 filing to $360M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 061364380 · Red Hat, Inc. PY 2024 · 401(k)

Red Hat, Inc. 401(k) and Profit Sharing Plan · $1.9B · 7,477 · 99th

  • PHOTO $1.9B
  • IND 7,477
  • EOY 99th
  • 5500 401(k)
  • ASSETS near Sentry 401(k) Plan
  • PCT ind #20069

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

Red Hat, Inc. 401(k) and Profit Sharing PlanRed Hat, Inc. 401(k) and Pro…$1.9BSentry 401(k) Plan$1.9BCaesars Entertainment, Inc 401(k) PlanCaesars Entertainment, Inc 4…$1.9BBdo USA Retirement Plan$1.9BThe Ametek Retirement and Savings PlanThe Ametek Retirement and Sa…$1.9B
End-of-year total assets ($B) among Red Hat, Inc. 401(k) and Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

North Carolina filing particulars

Total Assets (Beginning of Year)$1.6B
Net Assets (End of Year)$1.9B
Net Income$360M
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 -20020406080 Total assets ($B) Participants Red Hat, Inc. 401(k) and Profit Sharing Plan, Total assets ($B): 1.941690357 · Participants: 7477Red Hat, Inc. 401(k) and Profit Sharing PlanThe Bank of America 401(k) Plan, Total assets ($B): 62.902405616 · Participants: 168963The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 16.316486587 · Participants: 39468Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 11.269744 · Participants: 27341Duke Energy Retirement Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 9.349291649 · Participants: 27070Nucor Corporation Profit Sharing and Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 9.231001739 · Participants: 52699Truist Financial Corporation 401(k) 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 $1.9B in end-of-year assets across 7,477 participants (0.016% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 covered participants) - about $259,688 per participant (1.9x the national average assets-per-participant) . Net income for plan year 2024 was $360M.

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 Open filing
2024 · index core 7,477 $1.9B This page

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 Sentry 401(k) Plan in WI ($1.9B); by covered participants it is Turner Retirement Investment Plan in NY (7,480 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.9B here).

Similar participant headcount

Nearest other-state filings by covered participants (7,477 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Red Hat, Inc. 401(k) and Profit Sharing Plan grew sharply - up 22.7% during 2024, from $1.6B to $1.9B. Reported net income was $360M.
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 123,622 plans that reported assets for plan year 2024 (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 Sentry 401(k) Plan in WI ($1.9B, 4,565 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 Turner Retirement Investment Plan in NY (7,480 participants, $2.8B in assets).

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 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.