Parker Hannifin Employees Pension Plan
corporate plan · Parker Hannifin · Washington, DC
Funding History
What This Means for You
Parker Hannifin Employees Pension Plan is in excellent financial health at 88% funded. This means for every dollar the plan owes in future benefits, it has 88 cents in assets to cover it. This plan is also covered by the PBGC, providing an additional safety net. Participants in this plan have relatively low risk of benefit reductions.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $5.5B | $6.3B | 87.6% | $183.2M |
| 2024 | $5.4B | $6.1B | 89.2% | $200.6M |
| 2023 | $5.1B | $5.7B | 89.5% | $195.9M |
| 2022 | $4.9B | $6.4B | 77.6% | $162.2M |
| 2021 | $4.6B | $6.2B | 74.8% | $177.7M |
Frequently Asked Questions
Parker Hannifin Employees Pension Plan is 88% funded, meaning it has 88 cents in assets for every dollar in future benefit obligations. This is considered healthy by actuarial standards.
Parker Hannifin Employees Pension Plan has 15,414 total participants, including 8,292 active employees and 7,122 retirees currently receiving benefits.
Yes, Parker Hannifin Employees Pension Plan is covered by the Pension Benefit Guaranty Corporation (PBGC), which provides a backstop if the plan cannot pay benefits. The PBGC risk level is currently "low."
The Pension Health Score (0-100, A-F) measures a pension plan's financial strength based on funding ratio (50%), funding trend over 3 years (30%), and PBGC risk level (20%). Higher scores indicate more secure retirement benefits.
Pension Health Score is calculated from funding ratio, 3-year funding trend, and PBGC risk classification.