Defined Benefit (Pension) · DOL Form 5500 · 2024

Parker Hannifin Corporation Pension Plan

Data updated 2026-08-25

$3.5B
Total assets Very large vs avg
8,120
Participants Very large workforce
100th
Percentile by assets National rank
$430,590
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Parker Defined Benefit Pension Plan · Sponsored by Parker Hannifin Corporation · Ohio · Manufacturing

$3.5B in assets, 8,120 participants

Parker Hannifin Corporation's Parker Defined Benefit Pension Plan reported $3.5B in total assets and 8,120 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.

  • #17,624 in Manufacturing (17,777 peers)

Coverage in Ohio

Parker Defined Benefit Pension Plan covers 8,120 participants in Ohio, 11x the typical Ohio plan (state average ~765 per filing). Assets: $3.5B.

#17,624
in Manufacturing (17,777 peers)
-4.4%
assets change YoY
35×
vs typical plan assets (national mean)

The plan reported a net loss of $187M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Parker Defined Benefit Pension Plan's outsized position by total assets

Parker Defined Benefit Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$3,496,388,263 Highest reported value at or above every one 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

Parker Defined Benefit Pension 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. Parker Defined Benefit Pension Plan lands in the large band (8,120 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Parker Defined Benefit Pension Plan reported participants rose from 191 in the plan year 2023 filing to 8,120 in the plan year 2024 filing.
  • Parker Defined Benefit Pension Plan reported net income fell from $138M in the plan year 2023 filing to -$187M in the plan year 2024 filing.
  • Parker Defined Benefit Pension Plan end-of-year assets fell from $3.7B in the plan year 2023 filing to $3.5B in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 340451060 · Parker Hannifin Corporation PY 2024 · Defined Benefit (Pension)

Parker Defined Benefit Pension Plan · $3.5B · 8,120 · 100th

  • BOOK $3.5B
  • VS-ST 8,120
  • BOY 100th
  • SCH Defined Benefit (Pension)
  • EBSA near Co-Op Retirement Plan
  • PART ind #17624

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 Defined Benefit Pension Plan in the asset neighbourhood

California Ironworkers Field Pension TrustCalifornia Ironworkers Field…$3.5BBuilding Trades United Pension Trust Fund Milwaukee and VicinityBuilding Trades United Pensi…$3.5BCo-Op Retirement Plan$3.5BParker Defined Benefit Pension PlanParker Defined Benefit Pensi…$3.5BU.S. Bank Legacy Pension Plan$3.5B
End-of-year total assets ($B) among Parker Defined Benefit Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Ohio filing particulars

Total Assets (Beginning of Year)$3.7B
Net Assets (End of Year)$3.4B
Net Income-$187M
Employer EIN340451060
Plan Effective Date1989-05-01
Filing StatusFILING 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
$4B$6B$8B$10B$12B$14B 202220232024 $5.95B $12.5B ▲ +110.3%
Year Plans Participants Total Assets
2022 2 33,004 $5.9B
2023 2 25,955 $10.9B
2024 2 34,435 $12.5B

Nearby Defined Benefit (Pension) Plans in Ohio

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Parker Defined Benefit Pension Plan vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants Scatter plot of 6 data points. 05000100001500020000 05101520 Total assets ($B) Participants Parker Defined Benefit Pension Plan, Total assets ($B): 3.496388263 · Participants: 8120Parker Defined Benefit Pension PlanGE Aerospace Pension Plan, Total assets ($B): 19.026079363 · Participants: 9637GE Aerospace Pension PlanFirstenergy Corp. Master Pension Plan, Total assets ($B): 6.474467697 · Participants: 12187Firstenergy Corp. Master Pension PlanAmerican Electric Power System Retirement Plan, Total assets ($B): 4.085797504 · Participants: 16073American Electric Power System Retirement PlanOhio Operating Engineers Pension Plan, Total assets ($B): 3.912834719 · Participants: 10387Ohio Operating Engineers Pension PlanNationwide Retirement Plan - Final Average Pay, Total assets ($B): 3.459210026 · Participants: 5058Nationwide Retirement Plan - Final Average Pay
Parker Defined Benefit Pension Plan vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants
Compare Parker Defined Benefit Pension Plan side-by-side with 3 peers →

Scale composition for Parker Defined Benefit Pension Plan

Parker Defined Benefit Pension Plan reports $3.5B in end-of-year assets across 8,120 participants (0.028% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.009% of 93,925,755 covered participants) - about $430,590 per participant (3.1x the national average assets-per-participant) . Net income for plan year 2024 was -$187M.

This plan identity (EIN 340451060, plan #080) has 2 Form 5500 filings on file from 2023 to 2024 , with end-of-year assets moving from $3.7B to $3.5B (-4.4%) while covered participants moved from 191 to 8,120 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2023 191 $3.7B Open filing
2024 · index core 8,120 $3.5B This page

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Parker Defined Benefit Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Ohio, the nearest Defined Benefit (Pension) by assets is Co-Op Retirement Plan in MO ($3.5B); by covered participants it is Rochester General Health System Employee Retirement Plan in NY (8,078 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($3.5B here).

Similar participant headcount

Nearest other-state filings by covered participants (8,120 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 Parker Defined Benefit Pension Plan assets move in 2024? ▼
Parker Defined Benefit Pension Plan edged down modestly - down 4.4% during 2024, from $3.7B to $3.5B. Reported net income was -$187M.
How have Parker Hannifin Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Parker Hannifin Corporation's sponsor-wide assets grew 110.2%, from $5.9B to $12.5B.
Where does Parker Defined Benefit Pension Plan rank by assets among Form 5500 filers? ▼
Parker Defined Benefit Pension Plan ranks in the 100th 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 Defined Benefit (Pension) plans are similar in size to Parker Defined Benefit Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Co-Op Retirement Plan in MO ($3.5B, 15,151 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Parker Defined Benefit Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Rochester General Health System Employee Retirement Plan in NY (8,078 participants, $717M 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 340451060.

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.