401(k) · DOL Form 5500 · 2023

Penn Engineering & Manufacturing 401(k) Plan

Data updated 2026-08-25

$151M
Total assets Near avg plan size
807
Participants Near avg headcount
94th
Percentile by assets National rank
$187,347
Avg per participant Above avg balance/head
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Official DOL plan name: Penn Engineering 401(k) Plan · Sponsored by Penn Engineering & Manufacturing · Pennsylvania · Manufacturing

$151M in assets, 807 participants

Penn Engineering & Manufacturing's Penn Engineering 401(k) Plan reported $151M in total assets and 807 participants in its 2023 DOL Form 5500 filing, ranking in the 94th 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.

  • #16,877 in Manufacturing (18,722 peers)

Where Penn Engineering 401(k) Plan sits by assets

Penn Engineering 401(k) Plan sits in the top 10% of all filed plans by assets, $151M for 807 participants (~$187,347/participant), up 24.5% in 2023.

#16,877
in Manufacturing (18,722 peers)
+24.5%
assets growth YoY
1.5×
vs typical plan assets (national mean)

Penn Engineering 401(k) Plan's outsized position by total assets

Penn Engineering 401(k) Plan vs every filed plan by assets

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

$151,189,340 Top 6% higher than 94% 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 Engineering 401(k) 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 Engineering 401(k) Plan sits mid-pack in the medium band (807 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Penn Engineering 401(k) Plan reported net income rose from -$25M in the plan year 2022 filing to $24M in the plan year 2023 filing.
  • Penn Engineering 401(k) Plan end-of-year assets rose from $121M in the plan year 2022 filing to $151M in the plan year 2023 filing.
  • Penn Engineering 401(k) Plan reported participants rose from 766 in the plan year 2022 filing to 807 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 230951065 · Penn Engineering & Manufacturing PY 2023 · 401(k)

Penn Engineering 401(k) Plan · $151M · 807 · 94th

  • SCH $151M
  • EBSA 807
  • PART 94th
  • TYPE 401(k)
  • NET near Bangor Savings Bank 401(k) Plan & Trust Agreement
  • BOOK ind #16877

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 Manufacturing retirement plans → · Plans in Pennsylvania →

Penn Engineering 401(k) Plan in the asset neighbourhood

United Fire Group 401(k) Plan$151MBangor Savings Bank 401(k) Plan & Trust AgreementBangor Savings Bank 401(k) P…$151MPenn Engineering 401(k) Plan$151M401(k) Profit Sharing Plan of Charlotte Eye, Ear, Nose & Throat Associates, P. a.401(k) Profit Sharing Plan o…$151MBaker Companies 401(k) Plan$151M
End-of-year total assets ($M) among Penn Engineering 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$121M
Net Assets (End of Year)$151M
Net Income$24M
Employer EIN230951065
Plan Effective Date2005-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Penn Engineering & Manufacturing)

Sponsor-wide plan assets over time

All Penn Engineering & Manufacturing plans reported in each filing year

Latest sponsor-wide plan assets
$183M 33.26547835398494% vs 2022
2024 filing year
$120M$140M$160M$180M$200M 202220232024 $138M $183M ▲ +33.3%
Year Plans Participants Total Assets
2022 2 987 $138M
2023 2 1,007 $172M
2024 2 1,092 $183M

Nearby 401(k) Plans in Pennsylvania

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Penn Engineering 401(k) Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -50000050000100000 -505101520 Total assets ($B) Participants Penn Engineering 401(k) Plan, Total assets ($B): 0.15118934 · Participants: 807Penn Engineering 401(k) PlanComcast Corporation Retirement - Investment Plan, Total assets ($B): 17.368669862 · Participants: 93136Comcast Corporation Retirement - Investment PlanCigna 401(k) Plan, Total assets ($B): 13.003870935 · Participants: 66760Cigna 401(k) PlanThe Vanguard Retirement and Savings Plan, Total assets ($B): 9.765617477 · Participants: 18200The Vanguard Retirement and Savings PlanThe PNC Financial Services Group, Inc. Incentive Savings Plan, Total assets ($B): 9.339762 · Participants: 61697The PNC Financial Services Group, Inc. Incentive Savings PlanThe Bank of New York Mellon Corporation 401(k) Savings Plan, Total assets ($B): 8.955655142 · Participants: 25184The Bank of New York Mellon Corporation 401(k) Savings Plan
Penn Engineering 401(k) Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants
Compare Penn Engineering 401(k) Plan side-by-side with 3 peers →

Penn Engineering 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Pennsylvania, the nearest 401(k) by assets is Bangor Savings Bank 401(k) Plan & Trust Agreement in ME ($151M); by covered participants it is Merit Energy Company Savings Trust in TX (807 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (807 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 Engineering 401(k) Plan assets move in 2023? ▼
Penn Engineering 401(k) Plan grew sharply - up 24.5% during 2023, from $121M to $151M. Reported net income was $24M.
How have Penn Engineering & Manufacturing plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Penn Engineering & Manufacturing's sponsor-wide assets grew 33.3%, from $138M to $183M.
Where does Penn Engineering 401(k) Plan rank by assets among Form 5500 filers? ▼
Penn Engineering 401(k) Plan ranks in the 94th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Penn Engineering 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Bangor Savings Bank 401(k) Plan & Trust Agreement in ME ($151M, 1,045 participants).
Which 401(k) plans cover a similar participant headcount to Penn Engineering 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Merit Energy Company Savings Trust in TX (807 participants, $233M 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 230951065.

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.