Defined Benefit (Pension) · DOL Form 5500 · 2023

Northwest Bank Pension Plan

Data updated 2026-08-25

$217M
Total assets Near avg plan size
1,434
Participants Near avg headcount
95th
Percentile by assets National rank
$151,180
Avg per participant Above avg balance/head
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Official DOL plan name: Northwest Bank Pension Plan · Sponsored by Northwest Bank · Pennsylvania · Finance & Insurance

$217M in assets, 1,434 participants

Northwest Bank's Northwest Bank Pension Plan reported $217M in total assets and 1,434 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.

  • #8,165 in Finance & Insurance (8,869 peers)

Where Northwest Bank Pension Plan sits by assets

Northwest Bank Pension Plan sits in the top 5% of all filed plans by assets, $217M for 1,434 participants (~$151,180/participant), up 6.8% in 2023.

#8,165
in Finance & Insurance (8,869 peers)
+6.8%
assets growth YoY
2.2×
vs typical plan assets (national mean)

Northwest Bank Pension Plan's outsized position by total assets

Northwest Bank Pension Plan vs every filed plan by assets

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

$216,791,550 Top 5% higher than 95% 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

Northwest Bank Pension Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Northwest Bank Pension Plan lands in the large band (1,434 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Northwest Bank Pension Plan reported net income rose from -$36M in the plan year 2022 filing to $14M in the plan year 2023 filing.
  • Northwest Bank Pension Plan reported participants fell from 1,769 in the plan year 2022 filing to 1,434 in the plan year 2023 filing.
  • Northwest Bank Pension Plan end-of-year assets rose from $203M in the plan year 2022 filing to $217M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 232790930 · Northwest Bank PY 2023 · Defined Benefit (Pension)

Northwest Bank Pension Plan · $217M · 1,434 · 95th

  • VS-ST $217M
  • VS-ST 1,434
  • VS-ST 95th
  • VS-ST Defined Benefit (Pension)
  • VS-ST near Mfa Incorporated Retirement Plan
  • VS-ST ind #8165

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 →

Northwest Bank Pension Plan in the asset neighbourhood

Libbey Hourly Retirement Plan$217MWebster Bank Pension Plan$217MMfa Incorporated Retirement PlanMfa Incorporated Retirement …$217MNorthwest Bank Pension Plan$217MI.B.E.W. Local 1579 Pension PlanI.B.E.W. Local 1579 Pension …$217M
End-of-year total assets ($M) among Northwest Bank Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$203M
Net Assets (End of Year)$217M
Net Income$14M
Employer EIN232790930
Plan Effective Date1958-02-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Northwest Bank)

Sponsor-wide plan assets over time

All Northwest Bank plans reported in each filing year

Latest sponsor-wide plan assets
$479M 7.374333054225424% vs 2022
2024 filing year
$440M$450M$460M$470M$480M$490M 202220232024 $446M $479M ▲ +7.4%
Year Plans Participants Total Assets
2022 2 4,197 $446M
2023 2 3,641 $465M
2024 2 3,282 $479M

Nearby Defined Benefit (Pension) Plans in Pennsylvania

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

Northwest Bank Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Northwest Bank Pension Plan, Total assets ($B): 0.21679155 · Participants: 1434Northwest Bank 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 TrustThe PNC Financial Services Group, Inc. Pension Plan, Total assets ($B): 5.63715 · Participants: 63680The PNC Financial Services Group, Inc. Pension PlanConstellation Retirement Program, Total assets ($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 Plan
Northwest Bank Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
Compare Northwest Bank Pension Plan side-by-side with 3 peers →

Northwest Bank Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Pennsylvania, the nearest Defined Benefit (Pension) by assets is Mfa Incorporated Retirement Plan in MO ($217M); by covered participants it is St. Paul Electrical Construction Pension Plan in MN (1,435 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($217M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,434 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 Northwest Bank Pension Plan assets move in 2023? ▼
Northwest Bank Pension Plan grew at a solid clip - up 6.8% during 2023, from $203M to $217M. Reported net income was $14M.
How have Northwest Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Northwest Bank's sponsor-wide assets grew 7.4%, from $446M to $479M.
Where does Northwest Bank Pension Plan rank by assets among Form 5500 filers? ▼
Northwest Bank Pension Plan ranks in the 95th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Northwest Bank Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Mfa Incorporated Retirement Plan in MO ($217M, 1,183 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Northwest Bank Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is St. Paul Electrical Construction Pension Plan in MN (1,435 participants, $388M 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 232790930.

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.