Other · DOL Form 5500 · 2023
Penn State Health Retirement Plan
Data updated 2026-08-11
- $444M
- Total assets
- 18,215
- Participants
- 97th
- Percentile by assets
- $24,391
- Avg per participant
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.
- 97th percentile by assets (of 127,072 plans)
- #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.
- $444M
- total plan assets (2023 EOY)
- 18,215
- covered participants
- 97th
- percentile by assets (of 127,072 plans)
- $24,391
- avg assets per participant
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.
Participants vs Pennsylvania filers
In Pennsylvania, the average filing covers about 822 participants across 5,751 plans. Penn State Health Tax Sheltered Annuity Program reports 18,215 participants - 22x that state average ($444M EOY assets).
Pennsylvania filing particulars
| Total Assets (Beginning of Year) | $373M |
|---|---|
| Net Assets (End of Year) | $444M |
| Net Income | $71M |
| 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 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
- The University of Pennsylvania Matching Plan $6.3B · 20,979
- Upmc 403(b) Retirement Savings Plan $4.2B · 78,261
- The University of Pennsylvania Health System 403(b) Retirement Savings Plan $3.1B · 41,942
- Carnegie Mellon University Faculty and Staff Retirement Plan $2.5B · 6,370
- Jefferson Defined Contribution Retirement Plan $2.5B · 15,783
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 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 Other Plans Nationally
Other plans in other states closest to Penn State Health Tax Sheltered Annuity Program by total assets, not by location.
- Caromont Health, Inc. Retirement Savings Plan (NC) $444M · 4,458
- Babson College Retirement Plan (MA) $446M · 1,166
- Midwestern University Retirement Plan (IL) $442M · 1,624
- Bjc 403(b) Plan (MO) $448M · 5,284
Frequently Asked Questions
How did Penn State Health Tax Sheltered Annuity Program assets move in 2023? ▼
How have Penn State Health plan assets changed over time? ▼
Where does Penn State Health Tax Sheltered Annuity Program rank by assets among Form 5500 filers? ▼
Which Other plans are similar in size to Penn State Health Tax Sheltered Annuity Program? ▼
Next read for Penn State Health Tax Sheltered Annuity …
Filing takeaways
Ways to act on Penn State Health Tax Sheltered Annuity Program's numbers.
- By total assets, Penn State Health Tax Sheltered Annuity Program ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Other 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