Defined Benefit (Pension) · DOL Form 5500 · 2023

Penn Mutual Life Insurance Company Pension Plan

Data updated 2026-08-25

$207M
Total assets Near avg plan size
153
Participants Small participant base
95th
Percentile by assets National rank
$1.4M
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Penn Mutual Retirement Plan · Sponsored by Penn Mutual Life Insurance Company · Pennsylvania · Finance & Insurance

$207M in assets, 153 participants

Penn Mutual Life Insurance Company's Penn Mutual Retirement Plan reported $207M in total assets and 153 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.

  • #8,136 in Finance & Insurance (8,869 peers)

Coverage in Pennsylvania

Penn Mutual Retirement Plan covers 153 participants in Pennsylvania, about 19% of the average Pennsylvania filer (state average ~822 per filing). Assets: $207M.

#8,136
in Finance & Insurance (8,869 peers)
+6.9%
assets growth YoY
2.1×
vs typical plan assets (national mean)

Penn Mutual Retirement Plan's outsized position by total assets

Penn Mutual Retirement Plan vs every filed plan by assets

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

$207,399,102 Top 5% higher than 95% 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 Mutual Retirement Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Penn Mutual Retirement Plan sits mid-pack in the medium band (153 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Penn Mutual Retirement Plan reported net income rose from -$37M in the plan year 2022 filing to $13M in the plan year 2023 filing.
  • Penn Mutual Retirement Plan reported participants fell from 178 in the plan year 2022 filing to 153 in the plan year 2023 filing.
  • Penn Mutual Retirement Plan end-of-year assets rose from $194M in the plan year 2022 filing to $207M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 230952300 · Penn Mutual Life Insurance Company PY 2023 · Defined Benefit (Pension)

Penn Mutual Retirement Plan · $207M · 153 · 95th

  • RANK $207M
  • PHOTO 153
  • IND 95th
  • EOY Defined Benefit (Pension)
  • 5500 near Ironworkers Local 549-550 Pension Plan
  • ASSETS ind #8136

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 Finance & Insurance retirement plans → · Plans in Pennsylvania →

Penn Mutual Retirement Plan in the asset neighbourhood

Dynegy Pension Plan$208MPipe Fitters Local Union No. 120 Pension PlanPipe Fitters Local Union No.…$207MPenn Mutual Retirement Plan$207MIronworkers Local 549-550 Pension PlanIronworkers Local 549-550 Pe…$207MConsumers Credit Union Defined Benefit Plan and TrustConsumers Credit Union Defin…$207M
End-of-year total assets ($M) among Penn Mutual Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$194M
Net Assets (End of Year)$207M
Net Income$13M
Employer EIN230952300
Plan Effective Date1986-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Penn Mutual Life Insurance Company)

Sponsor-wide plan assets over time

All Penn Mutual Life Insurance Company plans reported in each filing year

Latest sponsor-wide plan assets
$652M 3.3861710047136486% vs 2022
2024 filing year
$600M$650M$700M$750M$800M 202220232024 $675M $652M ▼ -3.4%
Year Plans Participants Total Assets
2022 4 2,197 $675M
2023 4 2,215 $760M
2024 5 2,214 $652M

Nearby Defined Benefit (Pension) Plans in Pennsylvania

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

Penn Mutual Retirement Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Penn Mutual Retirement Plan, Total assets ($B): 0.207399102 · Participants: 153Penn Mutual Retirement PlanNational Elevator Industry Pension Plan, Total assets ($B): 11.224377797 · Participants: 27434National Elevator Industry Pension PlanSteelworkers Pension Trust, Total assets ($B): 6.602912146 · Participants: 47052Steelworkers Pension TrustThe PNC Financial Services Group, Inc. Pension Plan, Total assets ($B): 5.63715 · Participants: 63680The PNC Financial Services Group, Inc. Pension PlanConstellation Retirement Program, Total assets ($B): 5.323012123 · Participants: 5080Constellation Retirement ProgramThe Bank of New York Mellon Corporation Pension Plan, Total assets ($B): 5.257223708 · Participants: 7374The Bank of New York Mellon Corporation Pension Plan
Penn Mutual Retirement Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
Compare Penn Mutual Retirement Plan side-by-side with 3 peers →

Penn Mutual Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Pennsylvania, the nearest Defined Benefit (Pension) by assets is Ironworkers Local 549-550 Pension Plan in WV ($207M); by covered participants it is Indian River Memorial Hospital, Inc. Pension Plan in FL (153 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($207M here).

Similar participant headcount

Nearest other-state filings by covered participants (153 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 Mutual Retirement Plan assets move in 2023? ▼
Penn Mutual Retirement Plan grew at a solid clip - up 6.9% during 2023, from $194M to $207M. Reported net income was $13M.
How have Penn Mutual Life Insurance Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Penn Mutual Life Insurance Company's sponsor-wide assets declined 3.4%, from $675M to $652M.
Where does Penn Mutual Retirement Plan rank by assets among Form 5500 filers? ▼
Penn Mutual Retirement Plan ranks in the 95th 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 Defined Benefit (Pension) plans are similar in size to Penn Mutual Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Ironworkers Local 549-550 Pension Plan in WV ($207M, 980 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Penn Mutual Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Indian River Memorial Hospital, Inc. Pension Plan in FL (153 participants, $62M 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 230952300.

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.