401(k) · DOL Form 5500 · 2023
Penn Mutual Life Insurance Company 401(k) Plan
Data updated 2026-08-11
- $401M
- Total assets
- 1,018
- Participants
- 97th
- Percentile by assets
- $393,514
- Avg per participant
Official DOL plan name: Penn Mutual Retirement & Savings Plan · Sponsored by Penn Mutual Life Insurance Company · Pennsylvania · Finance & Insurance
$401M in assets, 1,018 participants
Penn Mutual Life Insurance Company's Penn Mutual Retirement & Savings Plan reported $401M in total assets and 1,018 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)
- #8,406 in Finance & Insurance (8,869 peers)
Where Penn Mutual Retirement & Savings Plan sits by assets
Penn Mutual Retirement & Savings Plan sits in the top 5% of all filed plans by assets, $401M for 1,018 participants (~$393,514/participant), up 15.7% in 2023.
- $401M
- total plan assets (2023 EOY)
- 1,018
- covered participants
- 97th
- percentile by assets (of 127,072 plans)
- $393,514
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Penn Mutual Retirement & Savings Plan reported net income rose from -$63M in the plan year 2022 filing to $54M in the plan year 2023 filing.
- Penn Mutual Retirement & Savings Plan end-of-year assets rose from $346M in the plan year 2022 filing to $401M in the plan year 2023 filing.
Penn Mutual Retirement & Savings Plan vs the 2023 asset distribution
By assets, Penn Mutual Retirement & Savings Plan outranks 97% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 4.0x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $346M |
|---|---|
| Net Assets (End of Year) | $401M |
| Net Income | $54M |
| Employer EIN | 230952300 |
| Plan Effective Date | 1977-04-04 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Penn Mutual Life Insurance Company)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 4 | 2,197 | $675M |
| 2023 | 4 | 2,215 | $760M |
| 2024 | 5 | 2,214 | $652M |
Nearby 401(k) Plans in Pennsylvania
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Penn Mutual Retirement & 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
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Penn Mutual Retirement & Savings Plan by total assets, not by location.
- Ben E. Keith Company Retirement Savings Plan (TX) $401M · 6,240
- Communications Workers of America Savings and Retirement Trust (DC) $401M · 9,925
- Heico Holding, Inc. 401(k) Plan (IL) $400M · 5,967
- Maritz Holdings Inc. Employees' Investment Plan (MO) $401M · 2,172
Frequently Asked Questions
How did Penn Mutual Retirement & Savings Plan assets move in 2023? ▼
How have Penn Mutual Life Insurance Company plan assets changed over time? ▼
Where does Penn Mutual Retirement & Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Penn Mutual Retirement & Savings Plan? ▼
Next read for Penn Mutual Retirement & Savings Plan
Scale reading
Ways to act on Penn Mutual Retirement & Savings Plan's numbers.
- By total assets, Penn Mutual Retirement & Savings Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Pennsylvania. Compare plans
- Penn Mutual Life Insurance Company's sponsor-wide assets have declined 3.4% since 2022 across 3 plan years on file. More Finance & Insurance plans