BrightScope Rating
Company:
Parker Hannifin Corporation
Plan:
Parker Retirement Savings Plan
Parker Hannifin Corporation
73
Plan:
7
60
90
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 17 point difference between this plan's BrightScope Rating (73) and the top rated plan (90) could equate to:
[How is this calculated?]
[How is this calculated?]
11 additional years of work Up to $302,800 in lost retirement savings.The delay in retirement calculations apply solely to this defined contribution plan
and do not take into account other retirement plans and programs offered by this employer.
Plan Description
Parker Retirement Savings Plan is a defined contribution plan with a 401k feature and leveraged ESOP component. This plan has a BrightScope Rating of 73, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Total Plan Cost and Account Balances. Parker Retirement Savings Plan currently has over 27,400 active participants and over $2.0B in plan assets.
Plan Details
| Address | 6035 Parkland Boulevard Cleveland, OH 44124 |
| Industry | Industrial Machinery Mfg |
| Administrator | Craig J. Mockler |
| Net Plan Assets | $2,010,000,000 |
| Total Participants | 33,000 |
| Avg Account Balance | $61,000 |
Top 3 Investment Holdings
| 1. | Parker Hannifin Corporation Common Stock | 35% |
| 2. | Victory Diversified Stock | 13% |
| 3. | Fidelity Freedom Income | 10% |
Other Companies in Peer Group
| General Dynamics | 80.1 |
| Deere & Company | 78.6 |
| Textron | 78.4 |
| Medtronic | 77.6 |
| Dell | 74.0 |
| Eaton | 72.8 |
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