401(k) · DOL Form 5500 · 2022
Penn State Health 401(k) Plan
Data updated 2026-08-11
- $2.1B
- Total assets
- 16,910
- Participants
- 99th
- Percentile by assets
- $126,709
- Avg per participant
Official DOL plan name: Penn State Health 401(k) Savings Plan · Sponsored by Penn State Health · Pennsylvania · Healthcare & Social Assistance
$2.1B in assets, 16,910 participants
Penn State Health's Penn State Health 401(k) Savings Plan reported $2.1B in total assets and 16,910 participants in its 2022 DOL Form 5500 filing, ranking in the 99th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 99th percentile by assets (of 139,126 plans)
- #19,989 in Healthcare & Social Assistance (20,060 peers)
Coverage in Pennsylvania
Penn State Health 401(k) Savings Plan covers 16,910 participants in Pennsylvania, 21x the typical Pennsylvania plan (state average ~822 per filing). Assets: $2.1B.
- $2.1B
- total plan assets (2022 EOY)
- 16,910
- covered participants
- 99th
- percentile by assets (of 139,126 plans)
- $126,709
- avg assets per participant
The plan reported a net loss of $361M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Pennsylvania filers
In Pennsylvania, the average filing covers about 822 participants across 5,751 plans. Penn State Health 401(k) Savings Plan reports 16,910 participants - 21x that state average ($2.1B EOY assets).
Pennsylvania filing particulars
| Total Assets (Beginning of Year) | $2.5B |
|---|---|
| Net Assets (End of Year) | $2.1B |
| Net Income | -$361M |
| Employer EIN | 473769205 |
| Plan Effective Date | 2017-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Penn State Health)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 33,697 | $2.5B |
| 2023 | 2 | 32,980 | $3.0B |
| 2024 | 2 | 34,333 | $3.5B |
Nearby 401(k) Plans in Pennsylvania
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Penn State Health 401(k) Savings Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants
- Comcast Corporation Retirement - Investment Plan $14.8B · 97,769
- Cigna 401(k) Plan $11.5B · 66,147
- The PNC Financial Services Group, Inc. Incentive Savings Plan $8.1B · 59,451
- The Vanguard Retirement and Savings Plan $8.1B · 17,073
- The Bank of New York Mellon Corporation 401(k) Savings Plan $7.8B · 25,071
Scale composition for Penn State Health 401(k) Savings Plan
Penn State Health 401(k) Savings Plan reports $2.1B in end-of-year assets across 16,910 participants (0.017% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.018% of 93,925,755 covered participants) - about $126,709 per participant (92% of the national average assets-per-participant) . Net income for plan year 2022 was -$361M.
This plan identity (EIN 473769205, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $2.1B to $2.9B (+36.5%) while covered participants moved from 16,910 to 15,556 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 16,910 | $2.1B | This page |
| 2023 | 14,765 | $2.6B | Open filing |
| 2024 · index core | 15,556 | $2.9B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Penn State Health 401(k) Savings Plan (401(k), $2.9B, 15,556 participants)
- Penn State Health Tax Sheltered Annuity Program (Other, $532M, 18,777 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Penn State Health 401(k) Savings Plan by total assets, not by location.
- Ally Financial Inc. Retirement Savings Plan (MI) $2.1B · 10,291
- Bellsouth Savings and Security Plan (TX) $2.1B · 13,450
- Building Service 32bj Supplemental Retirement Savings Plan (NY) $2.1B · 80,268
- Gundersen Lutheran Employees' Retirement Plan (WI) $2.2B · 7,026
Frequently Asked Questions
How did Penn State Health 401(k) Savings Plan assets move in 2022? ▼
How have Penn State Health plan assets changed over time? ▼
Where does Penn State Health 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Penn State Health 401(k) Savings Plan? ▼
Next read for Penn State Health 401(k) Savings Plan
Filing takeaways
Ways to act on Penn State Health 401(k) Savings Plan's numbers.
- By total assets, Penn State Health 401(k) Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Pennsylvania. Compare plans
- Penn State Health's sponsor-wide assets have grown 37.5% since 2022 across 3 plan years on file. More Healthcare & Social Assistance plans