Defined Benefit (Pension) · DOL Form 5500 · 2023
Public Service Enterprise Group Incorporated Pension Plan
Data updated 2026-08-06
- $2.1B
- Total assets
- 10,014
- Participants
- 99th
- Percentile by assets
- $212,851
- Avg per participant
Official DOL plan name: Pension Plan of Public Service Enterprise Group Incorporated II · Sponsored by Public Service Enterprise Group Incorporated · New Jersey · Management of Enterprises
$2.1B in assets, 10,014 participants
Public Service Enterprise Group Incorporated's Pension Plan of Public Service Enterprise Group Incorporated II reported $2.1B in total assets and 10,014 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 126,618 plans)
- #1,108 in Management of Enterprises (1,135 peers)
Coverage in New Jersey
Pension Plan of Public Service Enterprise Group Incorporated II covers 10,014 participants in New Jersey, 12x the typical New Jersey plan (state average ~865 per filing). Assets: $2.1B.
- $2.1B
- total plan assets (2023 EOY)
- 10,014
- covered participants
- 99th
- percentile by assets (of 126,618 plans)
- $212,851
- avg assets per participant
The plan reported a net loss of $210M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Pension Plan of Public Service Enterprise Group Incorporated II reported net income rose from -$957M in the plan year 2022 filing to -$210M in the plan year 2023 filing.
- Pension Plan of Public Service Enterprise Group Incorporated II end-of-year assets fell from $2.5B in the plan year 2022 filing to $2.1B in the plan year 2023 filing.
- Pension Plan of Public Service Enterprise Group Incorporated II reported participants rose from 9,939 in the plan year 2022 filing to 10,014 in the plan year 2023 filing.
Participants vs New Jersey filers
In New Jersey, the average filing covers about 865 participants across 3,927 plans. Pension Plan of Public Service Enterprise Group Incorporated II reports 10,014 participants - 12x that state average ($2.1B EOY assets).
New Jersey filing particulars
| Total Assets (Beginning of Year) | $2.5B |
|---|---|
| Net Assets (End of Year) | $2.1B |
| Net Income | -$210M |
| Employer EIN | 222625848 |
| Plan Effective Date | 2019-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Public Service Enterprise Group Incorporated)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 4 | 21,128 | $9.1B |
| 2023 | 4 | 21,001 | $8.7B |
| 2024 | 2 | 10,454 | $4.5B |
Nearby Defined Benefit (Pension) Plans in New Jersey
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Pension Plan of Public Service Enterprise Group Incorporated II vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants
- Retirement Plan of Johnson and Johnson $21.2B · 37,749
- JPMorgan Chase Retirement Plan $16.3B · 90,644
- Nokia Retirement Income Plan $13.9B · 7,492
- The Prudential Merged Retirement Plan $12.2B · 16,230
- Verizon Pension Plan for Associates $10.9B · 23,778
Scale composition for Pension Plan of Public Service Enterprise Group Incorporated II
Pension Plan of Public Service Enterprise Group Incorporated II reports $2.1B in end-of-year assets across 10,014 participants (0.018% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.011% of 89,805,449 covered participants) - about $212,851 per participant (1.6x the national average assets-per-participant) . Net income for plan year 2023 was -$210M.
This plan identity (EIN 222625848, plan #002) has 2 Form 5500 filings on file from 2022 to 2023 , with end-of-year assets moving from $2.5B to $2.1B (-13.7%) while covered participants moved from 9,939 to 10,014 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 9,939 | $2.5B | Open filing |
| 2023 · index core | 10,014 | $2.1B | This page |
The same sponsor also keeps 3 other index-core plans on PlainRetire:
- Pension Plan of Public Service Enterprise Group Incorporated (Defined Benefit (Pension), $2.4B, 428 participants)
- Public Service Enterprise Group Inc. Thrift & Tax Deferred Savings Plan (401(k), $2.3B, 3,869 participants)
- Public Service Enterprise Group Inc. Employee Savings Plan (401(k), $2.2B, 6,585 participants)
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Pension Plan of Public Service Enterprise Group Incorporated II by total assets, not by location.
- The Aerospace Employees' Retirement Plan (Aerp) (CA) $2.1B · 2,595
- The National Football League Club Employees Pension Plan (MD) $2.1B · 5,068
- Carpenters Pension Fund of Illinois (IL) $2.1B · 4,750
- Cargill, Inc. and Associated Companies Salaried Employees Pension Plan (MN) $2.1B · 3,651
Frequently Asked Questions
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Filing takeaways
Ways to act on Pension Plan of Public Service Enterprise Group Incorporated II's numbers.
- By total assets, Pension Plan of Public Service Enterprise Group Incorporated II ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in New Jersey. Compare plans
- Public Service Enterprise Group Incorporated's sponsor-wide assets have declined 50.8% since 2022 across 3 plan years on file. More Management of Enterprises plans