Defined Benefit (Pension) · DOL Form 5500 · 2023
Wellspan Health Pension Plan
Data updated 2026-08-11
- $971M
- Total assets
- 3,568
- Participants
- 99th
- Percentile by assets
- $272,211
- Avg per participant
Official DOL plan name: The Wellspan Health System Merged Pension Plan · Sponsored by Wellspan Health · Pennsylvania · Healthcare & Social Assistance
$971M in assets, 3,568 participants
Wellspan Health's The Wellspan Health System Merged Pension Plan reported $971M in total assets and 3,568 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 127,072 plans)
- #17,470 in Healthcare & Social Assistance (17,684 peers)
Coverage in Pennsylvania
The Wellspan Health System Merged Pension Plan covers 3,568 participants in Pennsylvania, 4.3x the typical Pennsylvania plan (state average ~822 per filing). Assets: $971M.
- $971M
- total plan assets (2023 EOY)
- 3,568
- covered participants
- 99th
- percentile by assets (of 127,072 plans)
- $272,211
- avg assets per participant
The plan reported a net loss of $49M 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
- The Wellspan Health System Merged Pension Plan reported net income rose from -$59M in the plan year 2022 filing to -$49M in the plan year 2023 filing.
- The Wellspan Health System Merged Pension Plan reported participants fell from 3,928 in the plan year 2022 filing to 3,568 in the plan year 2023 filing.
- The Wellspan Health System Merged Pension Plan end-of-year assets fell from $1.0B in the plan year 2022 filing to $971M in the plan year 2023 filing.
Participants vs Pennsylvania filers
In Pennsylvania, the average filing covers about 822 participants across 5,751 plans. The Wellspan Health System Merged Pension Plan reports 3,568 participants - 4.3x that state average ($971M EOY assets).
Pennsylvania filing particulars
| Total Assets (Beginning of Year) | $1.0B |
|---|---|
| Net Assets (End of Year) | $971M |
| Net Income | -$49M |
| Employer EIN | 230465970 |
| Plan Effective Date | 1965-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Wellspan Health)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 5,027 | $1.2B |
| 2023 | 2 | 4,665 | $1.2B |
| 2024 | 2 | 4,396 | $1.2B |
Nearby Defined Benefit (Pension) Plans in Pennsylvania
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
The Wellspan Health System Merged Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
- National Elevator Industry Pension Plan $11.2B · 27,434
- Steelworkers Pension Trust $6.6B · 47,052
- The PNC Financial Services Group, Inc. Pension Plan $5.6B · 63,680
- Constellation Retirement Program $5.3B · 5,080
- The Bank of New York Mellon Corporation Pension Plan $5.3B · 7,374
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to The Wellspan Health System Merged Pension Plan by total assets, not by location.
- Ufcw Local 1262 & Employers Pension Fund (NJ) $971M · 5,385
- Rio Tinto America Inc. Retirement Plan (UT) $972M · 1,644
- Kimberly-Clark Corporation Pension Plan (WI) $970M · 1,690
- Employees' Cash Balance Plan of Atlantic Health System, Inc. (NJ) $969M · 5,443
Frequently Asked Questions
How did The Wellspan Health System Merged Pension Plan assets move in 2023? ▼
How have Wellspan Health plan assets changed over time? ▼
Where does The Wellspan Health System Merged Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to The Wellspan Health System Merged Pension Plan? ▼
Next read for The Wellspan Health System Merged Pensio…
Filing takeaways
Ways to act on The Wellspan Health System Merged Pension Plan's numbers.
- By total assets, The Wellspan Health System Merged Pension Plan 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 Pennsylvania. Compare plans
- Wellspan Health's sponsor-wide assets have declined 1.8% since 2022 across 3 plan years on file. More Healthcare & Social Assistance plans