Defined Benefit (Pension) · DOL Form 5500 · 2023

The PNC Financial Services Group, Inc. Pension Plan

Data updated 2026-08-25

$5.6B
Total assets Very large vs avg
63,680
Participants Very large workforce
100th
Percentile by assets National rank
$88,523
Avg per participant Below avg balance/head
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Official DOL plan name: The PNC Financial Services Group, Inc. Pension Plan · Sponsored by The PNC Financial Services Group, Inc. · Pennsylvania · Finance & Insurance

$5.6B in assets, 63,680 participants

The PNC Financial Services Group, Inc.'s The PNC Financial Services Group, Inc. Pension Plan reported $5.6B in total assets and 63,680 participants in its 2023 DOL Form 5500 filing, ranking in the 100th 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.

  • #8,830 in Finance & Insurance (8,869 peers)

Coverage in Pennsylvania

The PNC Financial Services Group, Inc. Pension Plan covers 63,680 participants in Pennsylvania, 77x the typical Pennsylvania plan (state average ~822 per filing). Assets: $5.6B.

#8,830
in Finance & Insurance (8,869 peers)
+4.3%
assets growth YoY
57×
vs typical plan assets (national mean)

The PNC Financial Services Group, Inc. Pension Plan's outsized position by total assets

The PNC Financial Services Group, Inc. Pension Plan vs every filed plan by assets

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

$5,637,150,000 Highest reported value at or above every one 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

The PNC Financial Services Group, Inc. Pension Plan's mega-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The PNC Financial Services Group, Inc. Pension Plan is a mega filing (63,680 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The PNC Financial Services Group, Inc. Pension Plan reported net income rose from -$1.4B in the plan year 2022 filing to $235M in the plan year 2023 filing.
  • The PNC Financial Services Group, Inc. Pension Plan end-of-year assets rose from $5.4B in the plan year 2022 filing to $5.6B in the plan year 2023 filing.
  • The PNC Financial Services Group, Inc. Pension Plan reported participants fell from 63,731 in the plan year 2022 filing to 63,680 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 251435979 · The PNC Financial Services Group, Inc. PY 2023 · Defined Benefit (Pension)

The PNC Financial Services Group, Inc. Pension Plan · $5.6B · 63,680 · 100th

  • PART $5.6B
  • TYPE 63,680
  • NET 100th
  • BOOK Defined Benefit (Pension)
  • VS-ST near Triad Defined Benefit Pension Plan
  • BOY ind #8830

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 →

The PNC Financial Services Group, Inc. Pension Plan in the asset neighbourhood

Midwest Operating Engineers Pension Trust FundMidwest Operating Engineers …$5.8BTriad Defined Benefit Pension PlanTriad Defined Benefit Pensio…$5.7BThe PNC Financial Services Group, Inc. Pension PlanThe PNC Financial Services G…$5.6BBp Retirement Accumulation PlanBp Retirement Accumulation P…$5.5BKaiser Permanente Employees Pension PlanKaiser Permanente Employees …$5.5B
End-of-year total assets ($B) among The PNC Financial Services Group, Inc. Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$5.4B
Net Assets (End of Year)$5.6B
Net Income$235M
Employer EIN251435979
Plan Effective Date1984-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The PNC Financial Services Group, Inc.)

Sponsor-wide plan assets over time

All The PNC Financial Services Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$15.7B 16.26505244329938% vs 2022
2024 filing year
$13B$14B$15B$16B 202220232024 $13.5B $15.7B ▲ +16.3%
Year Plans Participants Total Assets
2022 2 123,182 $13.5B
2023 2 125,377 $15.0B
2024 2 113,383 $15.7B

Nearby Defined Benefit (Pension) Plans in Pennsylvania

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

The PNC Financial Services Group, Inc. Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. 020000400006000080000 4681012 Total assets ($B) Participants The PNC Financial Services Group, Inc. Pension Plan, Total assets ($B): 5.63715 · Participants: 63680The PNC Financial Services Group, Inc. Pension 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 TrustConstellation 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 PlanEastern Atlantic States Carpenters Pension Fund, Total assets ($B): 4.733825357 · Participants: 11775Eastern Atlantic States Carpenters Pension Fund
The PNC Financial Services Group, Inc. Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
Compare The PNC Financial Services Group, Inc. Pension Plan side-by-side with 3 peers →

Scale composition for The PNC Financial Services Group, Inc. Pension Plan

The PNC Financial Services Group, Inc. Pension Plan reports $5.6B in end-of-year assets across 63,680 participants (0.046% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.068% of 93,925,755 covered participants) - about $88,523 per participant (64% of the national average assets-per-participant) . Net income for plan year 2023 was $235M.

This plan identity (EIN 251435979, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $5.4B to $5.5B (+2.3%) while covered participants moved from 63,731 to 58,779 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 63,731 $5.4B Open filing
2023 63,680 $5.6B This page
2024 · index core 58,779 $5.5B Open filing

The same sponsor also keeps 2 other index-core plans on PlainRetire:

The PNC Financial Services Group, Inc. Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Pennsylvania, the nearest Defined Benefit (Pension) by assets is Triad Defined Benefit Pension Plan in NM ($5.7B); by covered participants it is Sheet Metal Workers' National Pension Fund in VA (61,272 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($5.6B here).

Similar participant headcount

Nearest other-state filings by covered participants (63,680 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 The PNC Financial Services Group, Inc. Pension Plan assets move in 2023? ▼
The PNC Financial Services Group, Inc. Pension Plan edged up modestly - up 4.3% during 2023, from $5.4B to $5.6B. Reported net income was $235M.
How have The PNC Financial Services Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The PNC Financial Services Group, Inc.'s sponsor-wide assets grew 16.3%, from $13.5B to $15.7B.
Where does The PNC Financial Services Group, Inc. Pension Plan rank by assets among Form 5500 filers? ▼
The PNC Financial Services Group, Inc. Pension Plan ranks in the 100th 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 Defined Benefit (Pension) plans are similar in size to The PNC Financial Services Group, Inc. Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Triad Defined Benefit Pension Plan in NM ($5.7B, 2,214 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to The PNC Financial Services Group, Inc. Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Sheet Metal Workers' National Pension Fund in VA (61,272 participants, $8.3B 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 251435979.

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.