Defined Benefit (Pension)
2022 plan-year Defined Benefit (Pension) DOL Form 5500

PENSION PLAN FOR EMPLOYEES OF MOUNT NITTANY MEDICAL CENTER

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

MOUNT NITTANY MEDICAL CENTER

This Defined Benefit (Pension) plan holds $268M in total assets and serves 1,277 participants as of 2022. It is sponsored by MOUNT NITTANY MEDICAL CENTER in Pennsylvania. The plan reported a net loss of $97M for the year.

Total Assets (2023)
$268M
Participants
1,277
State
Industry
Healthcare & Social Assistance

What the Filing Says About PENSION PLAN FOR EMPLOYEES OF MOUNT NITTANY MEDICAL CENTER

PENSION PLAN FOR EMPLOYEES OF MOUNT NITTANY MEDICAL CENTER is a Defined Benefit (Pension) retirement plan sponsored by MOUNT NITTANY MEDICAL CENTER, headquartered in Pennsylvania. As of the 2022 Form 5500 filing, the plan reports $268M in total end-of-year assets and covers 1,277 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 240795682, and the plan has been effective since 1968-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $414M at the beginning of 2022 to $268M at year-end — a decline of 35.1%. Net assets (after liabilities) closed the year at $268M, with reported net income of $-97,343,969 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$414M
Total Assets (End of Year)$268M
Net Assets (End of Year)$268M
Net Income$-97,343,969
Plan TypeDefined Benefit (Pension)
Employer EIN240795682
Plan Effective Date1968-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (MOUNT NITTANY MEDICAL CENTER)

Year Plans Participants Total Assets
2022 2 3,571 $383M
2023 2 3,574 $324M
2024 2 3,538 $354M

Nearby Defined Benefit (Pension) Plans in Pennsylvania

Peer Defined Benefit (Pension) plans — same state, same plan type — ranked by total assets.

Frequently Asked Questions

How much money is in the PENSION PLAN FOR EMPLOYEES OF MOUNT NITTANY MEDICAL CENTER?
As of the 2022 Form 5500 filing, PENSION PLAN FOR EMPLOYEES OF MOUNT NITTANY MEDICAL CENTER holds $268M in total assets with 1,277 participants. It is sponsored by MOUNT NITTANY MEDICAL CENTER.
What type of plan is PENSION PLAN FOR EMPLOYEES OF MOUNT NITTANY MEDICAL CENTER?
PENSION PLAN FOR EMPLOYEES OF MOUNT NITTANY MEDICAL CENTER is a Defined Benefit (Pension) plan. It has been effective since 1968-01-01. The plan is filed with the U.S. Department of Labor under EIN 240795682.
Who sponsors the PENSION PLAN FOR EMPLOYEES OF MOUNT NITTANY MEDICAL CENTER?
PENSION PLAN FOR EMPLOYEES OF MOUNT NITTANY MEDICAL CENTER is sponsored by MOUNT NITTANY MEDICAL CENTER, located in Pennsylvania. The sponsor's EIN is 240795682 and the plan operates in the Healthcare & Social Assistance industry.
How did PENSION PLAN FOR EMPLOYEES OF MOUNT NITTANY MEDICAL CENTER perform in 2022?
PENSION PLAN FOR EMPLOYEES OF MOUNT NITTANY MEDICAL CENTER declined by 35.1% during 2022, moving from $414M to $268M in total assets. Net income was $-97,343,969.
Where can I find official filings for PENSION PLAN FOR EMPLOYEES OF MOUNT NITTANY MEDICAL CENTER?
Official Form 5500 filings for PENSION PLAN FOR EMPLOYEES OF MOUNT NITTANY MEDICAL CENTER are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 240795682 or plan name at efast.dol.gov.
How does PENSION PLAN FOR EMPLOYEES OF MOUNT NITTANY MEDICAL CENTER compare to other plans?
You can compare PENSION PLAN FOR EMPLOYEES OF MOUNT NITTANY MEDICAL CENTER against other Defined Benefit (Pension) plans on the plan type page, or view plans in Pennsylvania on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

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Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 240795682.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from official public datasets. See our methodology for details.