Defined Benefit (Pension) · DOL Form 5500 · 2023
Trustees of the University of Pennsylvania Pension Plan
Data updated 2026-08-11
- $2.8B
- Total assets
- 8,369
- Participants
- 100th
- Percentile by assets
- $331,087
- Avg per participant
Official DOL plan name: University of Pennsylvania Health Sysytem Pension Plan · Sponsored by Trustees of the University of Pennsylvania · Pennsylvania · Healthcare & Social Assistance
$2.8B in assets, 8,369 participants
Trustees of the University of Pennsylvania's University of Pennsylvania Health Sysytem Pension Plan reported $2.8B in total assets and 8,369 participants in its 2023 DOL Form 5500 filing, ranking in the 100th 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.
- 100th percentile by assets (of 127,072 plans)
- #17,620 in Healthcare & Social Assistance (17,684 peers)
Coverage in Pennsylvania
University of Pennsylvania Health Sysytem Pension Plan covers 8,369 participants in Pennsylvania, 10x the typical Pennsylvania plan (state average ~822 per filing). Assets: $2.8B.
- $2.8B
- total plan assets (2023 EOY)
- 8,369
- covered participants
- 100th
- percentile by assets (of 127,072 plans)
- $331,087
- avg assets per participant
The plan reported a net loss of $127M 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
- University of Pennsylvania Health Sysytem Pension Plan reported net income fell from -$42M in the plan year 2022 filing to -$127M in the plan year 2023 filing.
- University of Pennsylvania Health Sysytem Pension Plan reported participants rose from 5,489 in the plan year 2022 filing to 8,369 in the plan year 2023 filing.
- University of Pennsylvania Health Sysytem Pension Plan end-of-year assets fell from $2.9B in the plan year 2022 filing to $2.8B in the plan year 2023 filing.
Participants vs Pennsylvania filers
In Pennsylvania, the average filing covers about 822 participants across 5,751 plans. University of Pennsylvania Health Sysytem Pension Plan reports 8,369 participants - 10x that state average ($2.8B EOY assets).
Pennsylvania filing particulars
| Total Assets (Beginning of Year) | $2.9B |
|---|---|
| Net Assets (End of Year) | $2.8B |
| Net Income | -$127M |
| Employer EIN | 231352685 |
| Plan Effective Date | 1978-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Trustees of the University of Pennsylvania)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 8 | 129,893 | $14.9B |
| 2023 | 8 | 157,259 | $17.0B |
| 2024 | 8 | 162,824 | $19.0B |
Nearby Defined Benefit (Pension) Plans in Pennsylvania
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
University of Pennsylvania Health Sysytem 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
Scale composition for University of Pennsylvania Health Sysytem Pension Plan
University of Pennsylvania Health Sysytem Pension Plan reports $2.8B in end-of-year assets across 8,369 participants (0.022% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.009% of 93,925,755 covered participants) - about $331,087 per participant (2.4x the national average assets-per-participant) . Net income for plan year 2023 was -$127M.
This plan identity (EIN 231352685, plan #006) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $2.9B to $2.8B (-1.9%) while covered participants moved from 5,489 to 7,714 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 5,489 | $2.9B | Open filing |
| 2023 | 8,369 | $2.8B | This page |
| 2024 · index core | 7,714 | $2.8B | Open filing |
The same sponsor also keeps 4 other index-core plans on PlainRetire:
- The University of Pennsylvania Matching Plan (Other, $7.0B, 22,110 participants)
- The University of Pennsylvania Health System 403(b) Retirement Savings Plan (Other, $3.6B, 43,405 participants)
- University of Pennsylvania Health Sysytem Pension Plan (Defined Benefit (Pension), $2.8B, 7,714 participants)
- Supplemental Retirement Annuity Plan of the University of Pennsylvania (Other, $2.3B, 26,892 participants)
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to University of Pennsylvania Health Sysytem Pension Plan by total assets, not by location.
- Corning Incorporated Pension Plan (NY) $2.8B · 17,004
- Salt River Project Employees' Retirement Plan (AZ) $2.8B · 4,790
- Valero Energy Corporation Pension Plan (TX) $2.7B · 6,956
- Northwell Health Pension Plan (NY) $2.7B · 28,359
Frequently Asked Questions
How did University of Pennsylvania Health Sysytem Pension Plan assets move in 2023? ▼
How have Trustees of the University of Pennsylvania plan assets changed over time? ▼
Where does University of Pennsylvania Health Sysytem Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to University of Pennsylvania Health Sysytem Pension Plan? ▼
Next read for University of Pennsylvania Health Sysyte…
Filing takeaways
Ways to act on University of Pennsylvania Health Sysytem Pension Plan's numbers.
- By total assets, University of Pennsylvania Health Sysytem 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
- Trustees of the University of Pennsylvania's sponsor-wide assets have grown 27.1% since 2022 across 3 plan years on file. More Healthcare & Social Assistance plans