Parker-Hannifin Corporation
78
Plan:
78
27
67
88
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 10 point difference between this plan's BrightScope Rating (78) and the top rated plan (88) could equate to:
[How is this calculated?]
5 additional years of work
Up to $92,700 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.
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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 78, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Account Balances, Investment Menu Quality, Participation Rate, and Total Plan Cost. Parker Retirement Savings Plan currently has over 28,700 active participants and over $2.9B in plan assets.
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