401(k) · DOL Form 5500 · 2023
Penn Engineering & Manufacturing 401(k) Plan
Data updated 2026-08-11
- $151M
- Total assets
- 807
- Participants
- 94th
- Percentile by assets
- $187,347
- Avg per participant
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.
- 94th percentile by assets (of 127,072 plans)
- #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.
- $151M
- total plan assets (2023 EOY)
- 807
- covered participants
- 94th
- percentile by assets (of 127,072 plans)
- $187,347
- avg assets per participant
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.
Penn Engineering 401(k) Plan vs the 2023 asset distribution
By assets, Penn Engineering 401(k) Plan outranks 94% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 1.5x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $121M |
|---|---|
| Net Assets (End of Year) | $151M |
| Net Income | $24M |
| Employer EIN | 230951065 |
| Plan Effective Date | 2005-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Penn Engineering & Manufacturing)
| 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
- Comcast Corporation Retirement - Investment Plan $17.4B · 93,136
- Cigna 401(k) Plan $13.0B · 66,760
- The Vanguard Retirement and Savings Plan $9.8B · 18,200
- The PNC Financial Services Group, Inc. Incentive Savings Plan $9.3B · 61,697
- The Bank of New York Mellon Corporation 401(k) Savings Plan $9.0B · 25,184
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Penn Engineering 401(k) Plan by total assets, not by location.
- Bangor Savings Bank 401(k) Plan & Trust Agreement (ME) $151M · 1,045
- United Fire Group 401(k) Plan (IA) $151M · 1,096
- 401(k) Profit Sharing Plan of Charlotte Eye, Ear, Nose & Throat Associates, P. a. (NC) $151M · 612
- Baker Companies 401(k) Plan (OH) $151M · 7,797
Frequently Asked Questions
How did Penn Engineering 401(k) Plan assets move in 2023? ▼
How have Penn Engineering & Manufacturing plan assets changed over time? ▼
Where does Penn Engineering 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Penn Engineering 401(k) Plan? ▼
Next read for Penn Engineering 401(k) Plan
Scale reading
Ways to act on Penn Engineering 401(k) Plan's numbers.
- By total assets, Penn Engineering 401(k) Plan ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Pennsylvania. Compare plans
- Penn Engineering & Manufacturing's sponsor-wide assets have grown 33.3% since 2022 across 3 plan years on file. More Manufacturing plans