Plan Snapshot
- Plan Sponsor: Parker Hannifin Corporation
- Sponsor EIN: 340451060
- Sponsor Address: 6035 PARKLAND BLVD, CLEVELAND, OH, 441244186
- Plan Type: 401(k)
- Total Participants: 28,729
- Total Assets: $9.0B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 28,729 | $9.0B | $189.1M | $247.4M |
| 2023 | 26,315 | $7.2B | $181.8M | $215.6M |
| 2022 | 25,764 | $5.9B | $157.9M | $200.9M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $2,151,168 | — | $2,151,168 |
| CALLAN LLC | INVESTMENT ADVISOR | $650,000 | — | $650,000 |
| ALIGHT SOLUTIONS LLC | CONSULTANT | $70,707 | — | $70,707 |
| CLIFTONLARSONALLEN LLP | PLAN SPONSOR | $33,674 | — | $33,674 |
| AON CONSULTING, INC. | PLAN SPONSOR | $10,900 | — | $10,900 |
| BOBER, MARKEY, FEDOROVICH & COMPANY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- ALIGHT SOLUTIONS LLC — CONSULTANT
- CLIFTONLARSONALLEN LLP — PLAN SPONSOR
- AON CONSULTING, INC. — PLAN SPONSOR
- BOBER, MARKEY, FEDOROVICH & COMPANY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,916,449
- Estimated Expense Ratio: 0.032% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $2,867,267 | $2,867,267 | — | — | — |
| 2023 | $2,151,559 | $2,151,559 | — | — | — |
| 2022 | $2,597,122 | — | — | — | — |