Parker Hannifin Corporation
Updated Filing received by DOL
Parker Hannifin Corporation, a manufacturing — metal, equipment, transportation employer in Cleveland, Ohio, reported 34,496 participants in its health and welfare plans for plan year 2024. Its Form 5500 shows $8,029 in insurance premiums across 29 contracts and $803,035 in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on March 24, 2026, within the extension window.
Who was paid on Parker Hannifin Corporation's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Parker Hannifin Corporation filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Aon · Chicago, IL | $473,666 | $297,581 | $771,247 | 5 |
| The James B Oswald Company · Cleveland, OH | $10,307 | $2,945 | $13,252 | 1 |
| Amwins Group Benefits LLC · North Kingstown, RI | $11,174 | $0 | $11,174 | 1 |
| Centro Benefits Research LLC · Kirkwood, MO | $0 | $7,362 | $7,362 | 1 |
Source: DOL Form 5500 Schedule A, Part I (broker commissions and fees), plan year 2024, as published in EBSA's 2024 "Latest" dataset. Part I names whoever the carrier paid, which can be a firm or an individual agent; both are public record. Amounts exclude pay from carriers not tied to a listed contract.
Insurance contracts and carriers
The 24 largest of 29 contracts reported on Schedule A: carrier, what it covers, people covered at year end, earned premium, and broker compensation.
Source: DOL Form 5500 Schedule A, plan year 2024. Self-funded medical coverage has no premium; amounts shown for it are stop-loss or administrative contracts.
How Parker Hannifin Corporation compares
Medians across employers for plan year 2024, the most recent complete year. Commission rates use fully insured medical contracts only; dollar medians use every employer that disclosed broker pay.
Not computable: no insured medical premium on the filing.
Source: BenefitsLedger benchmarks from 58,547 employer health plans with 100 or more participants, plan year 2024. Methodology.
Year over year
| 2023 | 2024 | Change | |
|---|---|---|---|
| Participants | 30,484 | 34,496 | +13.2% |
| Premiums filed | $5,581 | $8,029 | not comparable |
| Broker commissions + fees | $760,615 | $803,035 | +5.6% |
| Commission rate | — | — | — |
Source: DOL Form 5500 filings for plan years 2023 and 2024.
Filings and timeliness
Plans this employer filed under its EIN with a health benefit code. Large plans are due seven months after the plan year ends, or two and a half months later with an extension; amended filings carry the amendment date, so no timing is asserted for them.
| Plan | Plan year end | Received by DOL | Timing | Participants |
|---|---|---|---|---|
| Group Insurance Plan Hourly and Salaried Employees of Parker Hannifin Corp#501 · insurance, general assets | June 30, 2025 | March 24, 2026 | within extension | 34,496 |
| Health and Insurance Benefit Plan for Certain Retired Employees of Parker-Hannifin Corporation#505 · amended · insurance, general assets | June 30, 2025 | April 17, 2026 | amended filing; original date not in data | 4,479 |
| Parker Hannifin Corp Retiree Medical Plan#502 · insurance | June 30, 2025 | March 24, 2026 | within extension | 735 |
Source: DOL Form 5500 Part I and signature dates; "late" means received after the extended deadline (the 15th day of the tenth month after plan year end). What a late Form 5500 costs.
How much did Parker Hannifin Corporation pay in health insurance broker commissions in 2024?
Parker Hannifin Corporation's 2024 Form 5500 reports $803,035 in broker commissions and fees across 29 insurance contracts ($495,147 in commissions, $307,888 in fees), with Aon receiving the largest share.
Is Parker Hannifin Corporation's health plan self-funded or fully insured?
The 2024 filing indicates the plan is a mix of insured and self-funded coverage. Medical coverage is written by Kaiser Foundation Health Plan, Inc., Cigna Health and Life Insurance Company, Kaiser Foundation Health Plan Inc..
How does Parker Hannifin Corporation's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Parker Hannifin Corporation because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 5,000+ participants that disclosed broker pay reported a median of $458,262.
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Record built October 24, 2026 from U.S. Department of Labor, EBSA Form 5500 datasets (2025, 2024, 2023 plan years, 'Latest' files). Filings can run 7 to 10 months behind the plan year; always confirm against current plan documents. BenefitsLedger is not affiliated with the U.S. Department of Labor. Open the DOL filing search.