401(k) · DOL Form 5500 · 2023

Penn State Health 401(k) Plan

Data updated 2026-08-11

$2.6B
Total assets: 14,765
Participants: 99th
Percentile by assets: $174,197
Avg per participant

Official DOL plan name: Penn State Health 401(k) Savings Plan · Sponsored by Penn State Health · Pennsylvania · Healthcare & Social Assistance

$2.6B in assets, 14,765 participants

Penn State Health's Penn State Health 401(k) Savings Plan reported $2.6B in total assets and 14,765 participants in its 2023 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 127,072 plans)
#17,613 in Healthcare & Social Assistance (17,684 peers)

Coverage in Pennsylvania

Penn State Health 401(k) Savings Plan covers 14,765 participants in Pennsylvania, 18x the typical Pennsylvania plan (state average ~822 per filing). Assets: $2.6B.

$2.6B
total plan assets (2023 EOY): 14,765
covered participants: 99th
percentile by assets (of 127,072 plans): $174,197
avg assets per participant

Penn State Health 401(k) Savings Plan reported net income rose from -$361M in the plan year 2022 filing to $429M in the plan year 2023 filing.
Penn State Health 401(k) Savings Plan end-of-year assets rose from $2.1B in the plan year 2022 filing to $2.6B in the plan year 2023 filing.
Penn State Health 401(k) Savings Plan reported participants fell from 16,910 in the plan year 2022 filing to 14,765 in the plan year 2023 filing.

See the national 2023→2024 release diff →

State

Pennsylvania

Industry

Healthcare & Social Assistance

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 14,765 participants - 18x that state average ($2.6B EOY assets).

Pennsylvania filing particulars

Total Assets (Beginning of Year)	$2.1B
Net Assets (End of Year)	$2.6B
Net Income	$429M
Employer EIN	473769205
Plan Effective Date	2017-10-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Penn State Health)

Total plan assets by year, all Penn State Health plans on file

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 $17.4B · 93,136
Cigna 401(k) Plan $13.0B · 66,760
The Vanguard Retirement and Savings Plan $9.8B · 18,200
The PNC Financial Services Group, Inc. Incentive Savings Plan $9.3B · 61,697
The Bank of New York Mellon Corporation 401(k) Savings Plan $9.0B · 25,184

Compare Penn State Health 401(k) Savings Plan side-by-side with 3 peers →

Scale composition for Penn State Health 401(k) Savings Plan

Penn State Health 401(k) Savings Plan reports $2.6B in end-of-year assets across 14,765 participants (0.021% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.016% of 93,925,755 covered participants) - about $174,197 per participant (1.3x the national average assets-per-participant) . Net income for plan year 2023 was $429M.

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	Open filing
2023	14,765	$2.6B	This page
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.

Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan (IN) $2.6B · 9,015
Rwjbarnabas Health 401(k) Savings Plan (NJ) $2.6B · 29,004
Savings Plus Plan, Lam Research 401(k) (CA) $2.6B · 9,237
Ally Financial Inc. Retirement Savings Plan (MI) $2.6B · 11,562

Frequently Asked Questions

How did Penn State Health 401(k) Savings Plan assets move in 2023? ▼

Penn State Health 401(k) Savings Plan grew sharply - up 20.0% during 2023, from $2.1B to $2.6B. Reported net income was $429M.

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 401(k) Savings Plan rank by assets among Form 5500 filers? ▼

Penn State Health 401(k) Savings Plan ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).

Which 401(k) plans are similar in size to Penn State Health 401(k) Savings Plan? ▼

Among 401(k) plans in other states, the closest by assets is Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan in IN ($2.6B, 9,015 participants).

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

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.