Defined Benefit (Pension) · DOL Form 5500 · 2023
Penn Mutual Life Insurance Company Pension Plan
Data updated 2026-08-11
- $207M
- Total assets
- 153
- Participants
- 95th
- Percentile by assets
- $1.4M
- Avg per participant
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.
- 95th percentile by assets (of 127,072 plans)
- #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.
- $207M
- total plan assets (2023 EOY)
- 153
- covered participants
- 95th
- percentile by assets (of 127,072 plans)
- $1.4M
- avg assets per participant
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.
Participants vs Pennsylvania filers
In Pennsylvania, the average filing covers about 822 participants across 5,751 plans. Penn Mutual Retirement Plan reports 153 participants - about 19% of that state average ($207M EOY assets).
Pennsylvania filing particulars
| Total Assets (Beginning of Year) | $194M |
|---|---|
| Net Assets (End of Year) | $207M |
| Net Income | $13M |
| Employer EIN | 230952300 |
| Plan Effective Date | 1986-01-01 |
| 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 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
- National Elevator Industry Pension Plan $11.2B · 27,434
- Steelworkers Pension Trust $6.6B · 47,052
- The PNC Financial Services Group, Inc. Pension Plan $5.6B · 63,680
- Constellation Retirement Program $5.3B · 5,080
- The Bank of New York Mellon Corporation Pension Plan $5.3B · 7,374
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Penn Mutual Retirement Plan by total assets, not by location.
- Ironworkers Local 549-550 Pension Plan (WV) $207M · 980
- Consumers Credit Union Defined Benefit Plan and Trust (IL) $207M · 432
- Pipe Fitters Local Union No. 120 Pension Plan (OH) $207M · 671
- Dynegy Pension Plan (TX) $208M · 967
Frequently Asked Questions
How did Penn Mutual Retirement Plan assets move in 2023? ▼
How have Penn Mutual Life Insurance Company plan assets changed over time? ▼
Where does Penn Mutual Retirement Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Penn Mutual Retirement Plan? ▼
Next read for Penn Mutual Retirement Plan
Filing takeaways
Ways to act on Penn Mutual Retirement Plan's numbers.
- By total assets, Penn Mutual Retirement Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) 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