Parker-Hannifin Corporation 401(k) match: 5% max
Parker Retirement Savings Plan · PH · CIK 76334
Maximum employer match, as a share of pay
5%
Parker-Hannifin Corporation matches 100% (dollar-for-dollar) of the first 5% of pay.
From the Form 11-K filed June 24, 2026 ↗, covering the plan year ended December 31, 2025. Page data last updated July 28, 2026, when the Form 5500 bulk data was last refreshed. Why filings lag
On this page: what the employer actually paid in · the formula, word for word · when the money becomes yours · who can join · what the plan reports to the DOL · how it compares · what to do next
What Parker-Hannifin puts in, and what the plan costs
What Parker-Hannifin put into the plan, per active participant
$6,582
Parker-Hannifin Corporation put $6,582 into this plan for each of its 28,729 active participants in plan year 2024. This is the whole employer side of the plan: matching money, profit sharing, non-elective and safe-harbor contributions, and reallocated forfeitures. The Form 5500 does not separate them, so this is what the employer put in and not the match. This filing covers many unrelated employers under one plan, so the figure is an average across all of them rather than one employer's behaviour.
It is kept out of every peer group. Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
What this figure cannot separate: how much Parker-Hannifin pays, and how much it puts in
This is dollars, not a rate. A Form 5500 carries no payroll, so the figure reflects both how much the employer puts in and how much the employer pays: two plans running the same formula report different amounts when one pays better. Crossing the peer group with industry holds most of that difference still, and none of it disappears.
This is one plan year, not an average. A true-up, a plan merger or a one-off contribution moves a single year on its own.
Source: DOL Form 5500 for the plan year ended December 31, 2024, EIN 340451060, plan 075 · DOL EFAST2 ↗
The $6,582 above is the Form 5500 figure for plan year 2024, and it counts every employer dollar on one line. Parker-Hannifin Corporation also files a Form 11-K, which states the match formula for plan year 2025: the card below reads $2,475 a year at a $49,500 salary, and the same filing states employer contributions made outside the match. That second figure is what the formula pays one worker on that salary, and not an amount either filing reports. The two figures cover different plan years and measure different things, so neither one is the other one corrected.
What Parker-Hannifin puts in
$2,475
a year, at a $49,500 salary.
The match paragraph, word for word
“The Company generally contributes matching contributions to provide an amount equal to 100 percent of the first five percent of participants' pre-tax or Roth contributions. The Company does not match after-tax contributions. Participants may direct their Company matching funds to any investment fund within the Plan; the default option is the investment fund designated by the Company's Investment Committee. Matching contributions made in company stock are held in an Employee Stock Ownership Plan ("ESOP"). Similar to participant contributions, Company matching contributions may be changed at any time. Also, the Company makes an annual contribution to eligible participants' RIA accounts. A flat three percent annual contribution of eligible compensation, with some grandfathered participants receiving annual contributions calculated at a higher percent of eligible compensation. Under the RIA, no participant receives less than the flat three percent contribution.”
What you contribute to collect all of it
Contribute at least 5% of your pay to collect the full match.
That is $2,475 a year at a $49,500 salary, and it scales with your own.
Vesting score
100 out of 100
How fast the employer’s money becomes yours. Higher than 48% of the 253 schedules we have scored.
It measures vesting speed and nothing else. It says nothing about the size of the match, what the plan charges, or the funds inside it.
Share of the employer's money that is the worker's at hire and at each of the first 6 anniversaries: 100%, 100%, 100%, 100%, 100%, 100%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“Contributions are always fully vested, except for the RIA contributions. Upon completion of three years of employment, RIA contributions become fully vested and may be withdrawn from the Plan only after termination.”
The wait before the match starts and the year-end true-up appear above when the filing states them. Neither is part of the score, and a filing that is silent on one of them is not a plan without it.
What the plan costs, against plans of its size
68th percentile
$74.84 per participant in plan-paid administrative cost, more expensive than 68% of plans with 5,000+ participants.
What is Parker-Hannifin's 401(k) match formula?
Parker-Hannifin's 401(k) employer match tops out at 5% of pay. The match is deposited each payroll. One rate up to one limit is the commonest of the four shapes a match formula takes.
| Match formula | 100% (dollar-for-dollar) of the first 5% of pay |
|---|---|
| Maximum employer match | 5% of compensation |
| Deposited | Each payroll |
| Conditions | Only pre-tax or Roth contributions are matched; the Company does not match after-tax contributions. Matching contributions made in company stock are held in an Employee Stock Ownership Plan (ESOP); participants may direct their Company matching funds to any investment fund within the Plan |
| Other employer contribution | Retirement Income Account (RIA): a flat three percent annual contribution of eligible compensation for eligible participants (in lieu of a defined benefit plan), with some grandfathered participants receiving annual contributions calculated at a higher percent; no participant receives less than the flat three percent |
At a $75,000 salary, contributing 5% ($3,750) earns the full employer match of $3,750 for the year.
What the filing says, word for word
“The Company generally contributes matching contributions to provide an amount equal to 100 percent of the first five percent of participants' pre-tax or Roth contributions. The Company does not match after-tax contributions. Participants may direct their Company matching funds to any investment fund within the Plan; the default option is the investment fund designated by the Company's Investment Committee. Matching contributions made in company stock are held in an Employee Stock Ownership Plan ("ESOP"). Similar to participant contributions, Company matching contributions may be changed at any time. Also, the Company makes an annual contribution to eligible participants' RIA accounts. A flat three percent annual contribution of eligible compensation, with some grandfathered participants receiving annual contributions calculated at a higher percent of eligible compensation. Under the RIA, no participant receives less than the flat three percent contribution.”
Source: Form 11-K filed June 24, 2026, SEC EDGAR, corroborated by the filing's inline-XBRL facts · SEC ↗
What is Parker-Hannifin's 401(k) vesting schedule?
Parker-Hannifin vests the employer match immediately: 100% is yours as soon as it is paid in. Nothing is forfeited when you leave, which is not true of the two schedules that vest over time.
| Employer match vesting | Immediate: employer match is 100% vested when contributed |
|---|---|
| Your own contributions | Immediate: always 100% yours |
| Accelerated vesting | If the Plan is terminated, all participant accounts would become fully vested |
| Other employer contributions | RIA contributions vest fully upon completion of three years of employment and may be withdrawn from the Plan only after termination |
Vesting, word for word
“Contributions are always fully vested, except for the RIA contributions. Upon completion of three years of employment, RIA contributions become fully vested and may be withdrawn from the Plan only after termination.”
Source: Form 11-K filed June 24, 2026, SEC EDGAR · SEC ↗
Who can join Parker-Hannifin's 401(k), and is enrollment automatic?
Parker-Hannifin enrolls new hires automatically; the filing does not state the default deferral rate.
| Plan entry | U.S. domestic regular full-time and part-time non-union employees (and some union employees, if negotiated) are eligible for participation from their date of hire |
|---|---|
| Excluded groups | Union employees are excluded unless participation is negotiated |
| Automatic enrollment | Yes: 30-day opt-out window |
Eligibility, word for word
“The Plan is a defined contribution plan available to U.S. domestic regular full-time and part-time non-union employees, and some union employees (if negotiated). Employees are eligible for participation in the Plan from their date of hire and are generally automatically enrolled in the Plan after completion of 30 days from the initial hire or rehire date.”
Automatic enrollment, word for word
“Employees are eligible for participation in the Plan from their date of hire and are generally automatically enrolled in the Plan after completion of 30 days from the initial hire or rehire date.”
Source: Form 11-K filed June 24, 2026, SEC EDGAR · SEC ↗
What does the Parker-Hannifin plan report on Form 5500?
The Parker-Hannifin plan reported $9.0B in assets and 38,313 participants for plan year 2024.
Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
| Plan named in the DOL record | Parker Retirement Savings Plan |
|---|---|
| Total plan assets | $9,010,073,432 |
| Participants | 38,313 |
| Recordkeeper | Fidelity Investments |
| Plan-paid admin cost per participant | $74.84 |
How that cost compares
This plan pays $74.84 per participant. The median across plans in industrial and materials manufacturing is $142.19, from the 5,709 of 6,008 whose Form 5500 yields a per-participant cost.
The plan reports Fidelity Investments as its recordkeeper, one of 10,593 plans it runs in the data we publish. Of those, the 10,022 with a computable fee have a median plan-paid cost of $97.71 per participant.
Parker Retirement Savings Plan on its Form 5500 filing: fees, providers and financials
How does Parker-Hannifin's 401(k) match compare?
Parker-Hannifin Corporation's maximum 401(k) match of 5% of pay compares with a median of 4.5% across the 181 companies in our data with a computable formula.
Employers worth reading next
Of the six employers below, three file in industrial and materials manufacturing, two report the same recordkeeper and one vests on the same schedule.
Maximum match 5% of pay. Also in industrial and materials manufacturing.
Maximum match 6% of pay. Also in industrial and materials manufacturing.
Maximum match 4.5% of pay. Also in industrial and materials manufacturing.
Maximum match 5% of pay. Same recordkeeper, Fidelity Investments.
Maximum match 5% of pay. Same recordkeeper, Fidelity Investments.
Maximum match 4% of pay. Vests immediately too, like Parker-Hannifin.
Compare Parker-Hannifin Corporation with any company, side by side
What can you do next?
Check your own balance and contribution rate at Fidelity NetBenefits ↗, the recordkeeper this plan reports.
- Read the Form 11-K on SEC EDGAR ↗
Form 11-K filed June 24, 2026, SEC EDGAR. Every match fact on this page comes from it.
- Changed jobs? Find an old 401(k) ↗
The Department of Labor's Retirement Savings Lost & Found, a free government database.
- This year's IRS contribution limits ↗
The official deferral and catch-up limits every formula operates under.
- Download this data (CSV)
Formula, vesting and source references for this company, one file.
Questions this filing answers
What is Parker-Hannifin Corporation's 401(k) match?
Parker-Hannifin Corporation matches 100% of employee contributions up to 5% of eligible pay (plan year ended December 31, 2025).
When does the Parker-Hannifin Corporation 401(k) match vest?
Immediate: employer match is 100% vested when contributed.
Does Parker-Hannifin Corporation's 401(k) plan have automatic enrollment?
Yes: 30-day opt-out window.
Cite: 401(k) Monitor, “Parker-Hannifin Corporation 401(k) plan facts”, from SEC Form 11-K accession 0000076334-26-000078, plan year ended 2025-12-31.