Parker Hannifin Retirement Income Plan (Frozen)
corporate plan · Parker Hannifin · Cranston, RI
FROZENPBGC Covered
A
Pension Health Score
86/100
Funding Status91% Funded
0%80% threshold100%
$3.7B
Total Assets
$4.1B
Total Liabilities
$381.1M
Unfunded Liability
33,052
Participants
Funding History
What This Means for You
Parker Hannifin Retirement Income Plan (Frozen) is in excellent financial health at 91% funded. This means for every dollar the plan owes in future benefits, it has 91 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 | $3.7B | $4.1B | 90.6% | $179.9M |
| 2024 | $3.5B | $3.9B | 90.3% | $167.9M |
| 2023 | $3.4B | $3.7B | 89.9% | $200.1M |
| 2022 | $3.2B | $3.3B | 98.0% | $214.7M |
| 2021 | $3.2B | $3.7B | 86.7% | $164.7M |