2023 Form 5500 filing — Federated Hermes, Inc. Employees Profit Sharing / 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241001100207NAL0003887955001) for Federated Hermes, Inc. Employees Profit Sharing / 401(K) Plan, reported by Federated Hermes, Inc. under EIN 25-1111467 and plan number 001. It reports 1,944 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241001100207NAL0003887955001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Federated Hermes, Inc.
- EIN
- 25-1111467
- Plan number
- 001
- Location
- Pittsburgh, PA
- Participants
- 1,944
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $608,099,243
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $608,099,243
- Employer contributions
- $7,019,510
- Participant contributions
- $16,946,992
- Total income / additions
- $103,351,588
- Benefits paid
- $45,161,981
- Administrative expenses
- $173,812
- Total expenses
- $45,341,998
- Net increase / (decrease)
- $58,009,590
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $141,595 | $0 |
| Gyl Financial Synergies, LLC | CONSULTING | $65,000 | $0 |
| Schneider Downs | ACCOUNTING | $33,098 | not reported in the loaded dataset |
| Charles Schwab & Company | BROKERAGE SERVICES | $6,180 | $0 |