401(k) · DOL Form 5500 · 2022
Penn State Health 401(k) Plan
Data updated 2026-08-25
- $2.1B
- Total assets Very large vs avg
- 16,910
- Participants Very large workforce
- 99th
- Percentile by assets National rank
- $126,709
- Avg per participant Near avg balance/head
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.
- #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.
- #19,989
- in Healthcare & Social Assistance (20,060 peers)
- -14.4%
- assets change YoY
- 21×
- vs typical plan assets (national mean)
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.
Penn State Health 401(k) Savings Plan's outsized position by total assets
Penn State Health 401(k) Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$2,142,657,407 Top 1% higher than 99% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Penn State Health 401(k) Savings Plan's mega-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Penn State Health 401(k) Savings Plan is a mega filing (16,910 participants), the rightmost band on the breakdown.
EBSA filing schedule strip
Filing strip 473769205 · Penn State Health PY 2022 · 401(k)
Penn State Health 401(k) Savings Plan · $2.1B · 16,910 · 99th
- IND $2.1B
- EOY 16,910
- 5500 99th
- ASSETS 401(k)
- PCT near Ally Financial Inc. Retirement Savings Plan
- EIN ind #19989
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Healthcare & Social Assistance retirement plans → · Plans in Pennsylvania →
Penn State Health 401(k) Savings Plan in the asset neighbourhood
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)
Sponsor-wide plan assets over time
All Penn State Health plans reported in each filing year
- Latest sponsor-wide plan assets
- $3.5B 37.468703821557746% vs 2022
- 2024 filing year
| 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.
- 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)
Penn State Health 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Pennsylvania, the nearest 401(k) by assets is Ally Financial Inc. Retirement Savings Plan in MI ($2.1B); by covered participants it is Teamhealth 401(k) Plan in TN (16,899 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($2.1B here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (16,910 participants); asset peers above are excluded.
- Teamhealth 401(k) Plan (TN) 16,899 · 11 off
- The Dow Chemical Company Employees' Savings Plan (MI) 16,930 · 20 off
- Ilwu-Pma Savings (401(k)) Plan (CA) 16,930 · 20 off
- American Red Cross Savings Plan (DC) 16,931 · 21 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.