Employer · plans filed under one EIN
Parker Hannifin Corporation
Cleveland, OH · Manufacturing
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
2 retirement plans with 100 or more participants file Form 5500 under Parker Hannifin Corporation's employer identification number (Cleveland, Ohio). Their latest filings total 79,839 participant records and $12.4B in net assets.
The largest is Parker Retirement Savings Plan, an ESOP with a 401(k) feature with 42,434 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $189M and participant contributions $247M in the latest plan years; benefits paid were $1.36B. Schedule C compensation reported to service provider organisations totalled $10.5M.
Combined net assets moved from $2.46B in 2009 to $12.4B in 2024 (up 405%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| Parker Retirement Savings Plan | ESOP with a 401(k) feature | 2024 | 42,434 | $9.01B | $212,331 | $6,582 | $2.9M |
| Parker Defined Benefit Pension Plan | cash balance pension plan | 2024 | 37,405 | $3.40B | $90,865 | — | $7.6M |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2024 | 2 | 79,839 | $12.4B | $189M | $247M |
| 2023 | 2 | 78,925 | $10.8B | $182M | $216M |
| 2022 | 1 | 36,654 | $5.95B | $158M | $201M |
| 2021 | 1 | 35,740 | $7.12B | $130M | $167M |
| 2020 | 1 | 33,021 | $5.62B | $97.7M | $141M |
| 2019 | 1 | 32,405 | $5.29B | $107M | $164M |
| 2018 | 1 | 33,088 | $4.40B | $101M | $157M |
| 2017 | 1 | 31,810 | $4.90B | $88.6M | $132M |
| 2016 | 1 | 26,768 | $4.10B | $84.2M | $121M |
| 2015 | 1 | 28,422 | $3.65B | $91.0M | $131M |
| 2014 | 1 | 27,907 | $4.17B | $92.0M | $132M |
| 2013 | 1 | 30,462 | $4.13B | $86.2M | $127M |
| 2012 | 1 | 30,958 | $3.30B | $83.0M | $122M |
| 2011 | 1 | 28,748 | $2.94B | $74.4M | $114M |
| 2010 | 1 | 31,039 | $3.07B | $67.1M | $110M |
| 2009 | 1 | 30,628 | $2.46B | $60.0M | $96.9M |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Alight Solutions LLC | Consulting (general); Other services | 2 | $3,018,244 |
| Fidelity Investments Institutional | Participant loan processing | 1 | $2,151,168 |
| Aon Investment USA Inc. | Investment management | 1 | $2,000,000 |
| Parametric Portfolio Associate | Investment management | 1 | $835,118 |
| Callan LLC | Consulting (general); Investment advisory (plan) | 1 | $650,000 |
| Pacific Investment Management | Investment management | 1 | $421,809 |
| Aon Consulting, Inc. | Consulting (general); Investment management | 2 | $417,817 |
| JP Morgan Chase Bank N.A. | Investment management | 1 | $321,618 |
| Legal & General Investment | Investment management | 1 | $237,359 |
| Baker & Hostetler LLP | Legal | 1 | $224,897 |
| CliftonLarsonAllen LLP | Accounting (including auditing); Consulting (general) | 2 | $99,426 |
| Ventas Life Science and Healthcare | Investment management | 1 | $69,601 |
| State Street Bank and Trust | Investment management | 1 | $49,177 |
| Parker Hannifin Corp. | — | 1 | $16,536 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does Parker Hannifin Corporation have?
2 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: Parker Retirement Savings Plan and Parker Defined Benefit Pension Plan. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does Parker Hannifin Corporation contribute to its plans?
$189,089,826 in employer contributions across these plans in their latest plan years, about $5,202 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Alight Solutions LLC, Fidelity Investments Institutional, Aon Investment USA Inc. and Parametric Portfolio Associate and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.