Parker-Hannifin Corporation
77
Plan:
48
70
85
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 8 point difference between this plan's BrightScope Rating (77) and the top rated plan (85) could equate to:
[How is this calculated?]
[How is this calculated?]
5 additional years of work Up to $13,700 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.
Retirement 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 77. This plan is in the top 15% of plans for Account Balances, Investment Menu Quality, and Total Plan Cost. Parker Retirement Savings Plan currently has over 31,000 active participants and over $3.1B in plan assets.
Retirement Plan Details
| Address |
6035 Parkland Blvd
Cleveland, OH 44124-4186 |
| Industry | Manufacturing |
| Administrator | Craig J. Mockler |
| Net Plan Assets | $3,050,000,000 |
| Total Participants | 31,000 |
| Avg Account Balance | $99,000 |
Compare Other Companies in Peer Group
| Cameron International | 80.5 |
| EMC | 78.5 |
| Pitney Bowes | 72.3 |
| Apple | 72.1 |
| NCR | 70.1 |
| The Manitowoc Company | 61.6 |
Top 3 Funds in this 401k
| 1. | Parker-Hannifin Corporation Common Stock | 39% |
| 2. | Victory Diversified Stock | 7% |
| 3. | Vanguard Institutional Index | 4% |
Plan Service Providers
| Insurance Carrier | Retirement Services |
| Insurance Carrier | MetLife |
| Insurance Carrier | Aegon |
| Insurance Carrier | Pacific Life Insurance |
| Insurance Carrier | Prudential |
| Insurance Carrier | Bank of America Merrill Lynch |
| Insurance Carrier | State Street Global Advisors |
| Insurance Carrier | AIG |
| Insurance Carrier | Rabobank |
| Insurance Carrier | New York Life |
| Auditor | McGladrey |
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