# Parker Hannifin Corporation 401(k) Plan
Source: https://planprovider.pro/companies/parker-hannifin-corporation-401k-plan

> Parker Hannifin Corporation's 401(k) plan: 28,729 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [ALIGHT SOLUTIONS LLC](https://planprovider.pro/provider/alight-solutions) — CONSULTANT

- [CLIFTONLARSONALLEN LLP](https://planprovider.pro/provider/cliftonlarsonallen-llp) — PLAN SPONSOR

- [AON CONSULTING, INC.](https://planprovider.pro/provider/alight-solutions) — PLAN SPONSOR

- [BOBER, MARKEY, FEDOROVICH & COMPANY](https://planprovider.pro/provider/bober-markey-fedorovich-and-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|—|—|—|—|

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