Federated Hermes, Inc. Employees Profit Sharing / 401(K) Plan — Form 5500 plan (Federated Hermes, Inc.)
Plain-English plan 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, Federated Hermes, Inc. Employees Profit Sharing / 401(K) Plan is a benefit plan reported by Federated Hermes, Inc. under EIN 25-1111467 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,944 participants and $608,099,243 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Federated Hermes, Inc.
- EIN
- 25-1111467
- Plan number
- 001
- Plan type
- 2
- Location
- Pittsburgh, PA
- Latest filing year
- 2023
- Participants
- 1,944
- End-of-year plan assets
- $608,099,243
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 1,944 | H, C | 20241001100207NAL0003887955001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $608,099,243
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $608,099,243
- Net assets (BOY)
- $550,089,653
Income & contributions
- Employer contributions
- $7,019,510
- Participant contributions
- $16,946,992
- Total contributions
- $25,153,848
- Total income / additions
- $103,351,588
Expenses & distributions
- Benefits paid
- $45,161,981
- Administrative expenses
- $173,812
- Total expenses
- $45,341,998
- Net increase / (decrease)
- $58,009,590
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $141,595 | $0 | 2023 |
| Gyl Financial Synergies, LLC | CONSULTING | $65,000 | $0 | 2023 |
| Schneider Downs | ACCOUNTING | $33,098 | not reported in the loaded dataset | 2023 |
| Charles Schwab & Company | BROKERAGE SERVICES | $6,180 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Federated Hermes, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in PA
- 401(k) and benefit plan filings in Pittsburgh, PA
- Empower Annuity Insurance Company — Schedule C compensation
- Gyl Financial Synergies, LLC — Schedule C compensation
- Schneider Downs — Schedule C compensation
- Charles Schwab & Company — Schedule C compensation