Defined Benefit (Pension) · DOL Form 5500 · 2023

Parker Hannifin Corporation Pension Plan

Data updated 2026-08-25

$3.7B
Total assets Very large vs avg
191
Participants Below avg headcount
100th
Percentile by assets National rank
$19.1M
Avg per participant High balance/head
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Official DOL plan name: Parker Defined Benefit Plan · Sponsored by Parker Hannifin Corporation · Ohio · Manufacturing

$3.7B in assets, 191 participants

Parker Hannifin Corporation's Parker Defined Benefit Plan reported $3.7B in total assets and 191 participants in its 2023 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.

  • #18,583 in Manufacturing (18,722 peers)

Coverage in Ohio

Parker Defined Benefit Plan covers 191 participants in Ohio, about 25% of the average Ohio filer (state average ~765 per filing). Assets: $3.7B.

#18,583
in Manufacturing (18,722 peers)
+3928.3%
assets growth YoY
37×
vs typical plan assets (national mean)

Parker Defined Benefit Plan's outsized position by total assets

Parker Defined Benefit Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$3,656,915,014 Highest reported value at or above every one of 127,068 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 2023

Parker Defined Benefit Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Parker Defined Benefit Plan sits mid-pack in the medium band (191 participants).

Published 5500 schedule card

Filing strip 340451060 · Parker Hannifin Corporation PY 2023 · Defined Benefit (Pension)

Parker Defined Benefit Plan · $3.7B · 191 · 100th

  • TYPE $3.7B
  • TYPE 191
  • TYPE 100th
  • TYPE Defined Benefit (Pension)
  • TYPE near Pension Plan of the Chubb Corporation
  • TYPE ind #18583

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 Plan in the asset neighbourhood

Parker Defined Benefit Plan$3.7BPension Plan of the Chubb CorporationPension Plan of the Chubb Co…$3.7BSchlumberger Technology Corporation Pension PlanSchlumberger Technology Corp…$3.6BHsbc - North America (U.S.) Pension PlanHsbc - North America (U.S.) …$3.6BThe Hartford Retirement Plan for U.S. EmployeesThe Hartford Retirement Plan…$3.6B
End-of-year total assets ($B) among Parker Defined Benefit Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Ohio filing particulars

Total Assets (Beginning of Year)$91M
Net Assets (End of Year)$3.6B
Net Income$138M
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 Plan vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000500010000150002000025000 2345678 Total assets ($B) Participants Parker Defined Benefit Plan, Total assets ($B): 3.656915014 · Participants: 191Parker Defined Benefit PlanFirstenergy Corp. Master Pension Plan, Total assets ($B): 7.144086795 · Participants: 12304Firstenergy Corp. Master Pension PlanNationwide Retirement Plan, Total assets ($B): 5.281060445 · Participants: 22311Nationwide Retirement PlanAmerican Electric Power System Retirement Plan, Total assets ($B): 4.475896468 · Participants: 15595American Electric Power System Retirement PlanOhio Operating Engineers Pension Plan, Total assets ($B): 3.592540979 · Participants: 10029Ohio Operating Engineers Pension PlanLaborers District Council & Contractors Pension Fund of Ohio, Total assets ($B): 2.691611293 · Participants: 14152Laborers District Council & Contractors Pension Fund of Ohio
Parker Defined Benefit Plan vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants
Compare Parker Defined Benefit Plan side-by-side with 3 peers →

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

Outside Ohio, the nearest Defined Benefit (Pension) by assets is Pension Plan of the Chubb Corporation in PA ($3.7B); by covered participants it is Unisys Pension Plan 2 in PA (191 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($3.7B here).

Similar participant headcount

Nearest other-state filings by covered participants (191 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Parker Defined Benefit Plan assets move in 2023? ▼
Parker Defined Benefit Plan surged - up 3928.3% during 2023, from $91M to $3.7B. Reported net income was $138M.
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 Plan rank by assets among Form 5500 filers? ▼
Parker Defined Benefit Plan ranks in the 100th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to Parker Defined Benefit Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Pension Plan of the Chubb Corporation in PA ($3.7B, 3,245 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Parker Defined Benefit Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Unisys Pension Plan 2 in PA (191 participants, $74M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.