# Parker Hannifin Corporation DB Plan
Source: https://planprovider.pro/companies/parker-hannifin-corporation-plan-080

> Parker Hannifin Corporation's DB plan: 7,621 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:** DB

- **Total Participants:** 7,621

- **Total Assets:** $3.5B

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|7,621|$3.5B|$0|$0|

| 2023|8,120|$3.7B|$0|$0|

## 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|

| ALIGHT SOLUTIONS LLC|NONE|$2,947,537|—|$2,947,537|

| AON INVESTMENT USA INC.|NONE|$2,000,000|—|$2,000,000|

| PARAMETRIC PORTFOLIO ASSOCIATE|NONE|$835,118|—|$835,118|

| PACIFIC INVESTMENT MANAGEMENT|NONE|$421,809|—|$421,809|

| AON CONSULTING INC.|NONE|$406,917|—|$406,917|

| JP MORGAN CHASE BANK N.A.|NONE|$321,618|—|$321,618|

| LEGAL & GENERAL INVESTMENT|NONE|$237,359|—|$237,359|

| BAKER & HOSTETLER LLP|NONE|$224,897|—|$224,897|

| PRISA III|NONE|$171,213|—|$171,213|

| VENTAS LIFE SCIENCE AND HEALTHCARE|NONE|$69,601|—|$69,601|

| CLIFTONLARSONALLEN LLP|NONE|$65,752|—|$65,752|

| BOBER, MARKEY, FEDOROVICH & COMPANY|Auditor|$65,752|—|$65,752|

| STATE STREET BANK AND TRUST|NONE|$49,177|—|$49,177|

| PARKER HANNIFIN CORP|PLAN SPONSOR|$16,536|—|$16,536|

| STATE STREET BANK AND TRUST CO|NONE|$14,647|—|$14,647|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [ALIGHT SOLUTIONS LLC](https://planprovider.pro/provider/alight-solutions) — NONE

- [AON CONSULTING INC.](https://planprovider.pro/provider/alight-solutions) — NONE

- [JP MORGAN CHASE BANK N.A.](https://planprovider.pro/provider/jp-morgan-asset-management) — NONE

- [BAKER & HOSTETLER LLP](https://planprovider.pro/provider/bakerhostetler) — NONE

- [CLIFTONLARSONALLEN LLP](https://planprovider.pro/provider/cliftonlarsonallen-llp) — NONE

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

- [STATE STREET BANK AND TRUST CO](https://planprovider.pro/provider/russell-investments) — NONE

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $7,847,933

- **Estimated Expense Ratio:** 0.224% 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|$25,160,945|$3,359,554|$3,355,843|$65,752|—|

| 2023|$6,780,249|$2,209,948|$2,030,325|$29,975|—|

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