Other · DOL Form 5500 · 2023

Penn State Health Retirement Plan

Data updated 2026-08-25

$444M
Total assets Above avg plan size
18,215
Participants Very large workforce
97th
Percentile by assets National rank
$24,391
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Penn State Health Tax Sheltered Annuity Program · Sponsored by Penn State Health · Pennsylvania · Healthcare & Social Assistance

$444M in assets, 18,215 participants

Penn State Health's Penn State Health Tax Sheltered Annuity Program reported $444M in total assets and 18,215 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.

  • #17,220 in Healthcare & Social Assistance (17,684 peers)

Coverage in Pennsylvania

Penn State Health Tax Sheltered Annuity Program covers 18,215 participants in Pennsylvania, 22x the typical Pennsylvania plan (state average ~822 per filing). Assets: $444M.

#17,220
in Healthcare & Social Assistance (17,684 peers)
+19.2%
assets growth YoY
4.5×
vs typical plan assets (national mean)

Penn State Health Tax Sheltered Annuity Program's outsized position by total assets

Penn State Health Tax Sheltered Annuity Program vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$444,288,473 Top 3% higher than 97% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Penn State Health Tax Sheltered Annuity Program's mega-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Penn State Health Tax Sheltered Annuity Program is a mega filing (18,215 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Penn State Health Tax Sheltered Annuity Program reported net income rose from -$57M in the plan year 2022 filing to $71M in the plan year 2023 filing.
  • Penn State Health Tax Sheltered Annuity Program end-of-year assets rose from $373M in the plan year 2022 filing to $444M in the plan year 2023 filing.
  • Penn State Health Tax Sheltered Annuity Program reported participants rose from 16,787 in the plan year 2022 filing to 18,215 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 473769205 · Penn State Health PY 2023 · Other

Penn State Health Tax Sheltered Annuity Program · $444M · 18,215 · 97th

  • EBSA $444M
  • PART 18,215
  • TYPE 97th
  • NET Other
  • BOOK near Caromont Health, Inc. Retirement Savings Plan
  • VS-ST ind #17220

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 Tax Sheltered Annuity Program in the asset neighbourhood

Bjc 403(b) Plan$448MBabson College Retirement PlanBabson College Retirement Pl…$446MPenn State Health Tax Sheltered Annuity ProgramPenn State Health Tax Shelte…$444MCaromont Health, Inc. Retirement Savings PlanCaromont Health, Inc. Retire…$444MMidwestern University Retirement PlanMidwestern University Retire…$442M
End-of-year total assets ($M) among Penn State Health Tax Sheltered Annuity Program and nearest nationwide Other peers. Source: DOL Form 5500 plan year 2023.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$373M
Net Assets (End of Year)$444M
Net Income$71M
Employer EIN473769205
Plan Effective Date2017-10-01
Filing StatusFILING 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
$2B$2.5B$3B$3.5B$4B 202220232024 $2.52B $3.46B ▲ +37.3%
Year Plans Participants Total Assets
2022 2 33,697 $2.5B
2023 2 32,980 $3.0B
2024 2 34,333 $3.5B

Nearby Other Plans in Pennsylvania

Peer Other plans, same state, same plan type, ranked by total assets.

Penn State Health Tax Sheltered Annuity Program vs. nearby Other plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. 020000400006000080000100000 02468 Total assets ($B) Participants Penn State Health Tax Sheltered Annuity Program, Total assets ($B): 0.444288473 · Participants: 18215Penn State Health Tax Sheltered Annuity ProgramThe University of Pennsylvania Matching Plan, Total assets ($B): 6.313953991 · Participants: 20979The University of Pennsylvania Matching PlanUpmc 403(b) Retirement Savings Plan, Total assets ($B): 4.172068489 · Participants: 78261Upmc 403(b) Retirement Savings PlanThe University of Pennsylvania Health System 403(b) Retirement Savings Plan, Total assets ($B): 3.057133387 · Participants: 41942The University of Pennsylvania Health System 403(b) Retirement Savings PlanCarnegie Mellon University Faculty and Staff Retirement Plan, Total assets ($B): 2.54984626 · Participants: 6370Carnegie Mellon University Faculty and Staff Retirement PlanJefferson Defined Contribution Retirement Plan, Total assets ($B): 2.466994136 · Participants: 15783Jefferson Defined Contribution Retirement Plan
Penn State Health Tax Sheltered Annuity Program vs. nearby Other plans in Pennsylvania, assets vs. participants
Compare Penn State Health Tax Sheltered Annuity Program side-by-side with 3 peers →

Scale composition for Penn State Health Tax Sheltered Annuity Program

Penn State Health Tax Sheltered Annuity Program reports $444M in end-of-year assets across 18,215 participants (0.004% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.019% of 93,925,755 covered participants) - about $24,391 per participant (18% of the national average assets-per-participant) . Net income for plan year 2023 was $71M.

This plan identity (EIN 473769205, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $373M to $532M (+42.8%) while covered participants moved from 16,787 to 18,777 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 16,787 $373M Open filing
2023 18,215 $444M This page
2024 · index core 18,777 $532M Open filing

The same sponsor also keeps 2 other index-core plans on PlainRetire:

Penn State Health Tax Sheltered Annuity Program's out-of-state Other peers by assets and headcount

Outside Pennsylvania, the nearest Other by assets is Caromont Health, Inc. Retirement Savings Plan in NC ($444M); by covered participants it is Children's Hospital Medical Center Employee Savings Plan in OH (17,941 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($444M here).

Similar participant headcount

Nearest other-state filings by covered participants (18,215 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Penn State Health Tax Sheltered Annuity Program assets move in 2023? ▼
Penn State Health Tax Sheltered Annuity Program grew sharply - up 19.2% during 2023, from $373M to $444M. Reported net income was $71M.
How have Penn State Health plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Penn State Health's sponsor-wide assets grew 37.5%, from $2.5B to $3.5B.
Where does Penn State Health Tax Sheltered Annuity Program rank by assets among Form 5500 filers? ▼
Penn State Health Tax Sheltered Annuity Program ranks in the 97th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which Other plans are similar in size to Penn State Health Tax Sheltered Annuity Program? ▼
Among Other plans in other states, the closest by assets is Caromont Health, Inc. Retirement Savings Plan in NC ($444M, 4,458 participants).
Which Other plans cover a similar participant headcount to Penn State Health Tax Sheltered Annuity Program? ▼
Among Other plans in other states, the closest by covered participants is Children's Hospital Medical Center Employee Savings Plan in OH (17,941 participants, $1.8B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 473769205.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.