Defined Benefit (Pension) · DOL Form 5500 · 2023

Trustees of the University of Pennsylvania Pension Plan

Data updated 2026-08-25

$2.8B
Total assets Very large vs avg
8,369
Participants Very large workforce
100th
Percentile by assets National rank
$331,087
Avg per participant High balance/head
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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.

  • #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.

#17,620
in Healthcare & Social Assistance (17,684 peers)
-4.4%
assets change YoY
28×
vs typical plan assets (national mean)

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.

University of Pennsylvania Health Sysytem Pension Plan's outsized position by total assets

University of Pennsylvania Health Sysytem Pension Plan vs every filed plan by assets

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

$2,770,869,982 Highest reported value at or above every one 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

University of Pennsylvania Health Sysytem 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. University of Pennsylvania Health Sysytem Pension Plan lands in the large band (8,369 participants).

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.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 231352685 · Trustees of the University of Pennsylvania PY 2023 · Defined Benefit (Pension)

University of Pennsylvania Health Sysytem Pension Plan · $2.8B · 8,369 · 100th

  • TYPE $2.8B
  • NET 8,369
  • BOOK 100th
  • VS-ST Defined Benefit (Pension)
  • BOY near Corning Incorporated Pension Plan
  • SCH ind #17620

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 Healthcare & Social Assistance retirement plans → · Plans in Pennsylvania →

University of Pennsylvania Health Sysytem Pension Plan in the asset neighbourhood

Salt River Project Employees' Retirement PlanSalt River Project Employees…$2.8BUniversity of Pennsylvania Health Sysytem Pension PlanUniversity of Pennsylvania H…$2.8BCorning Incorporated Pension PlanCorning Incorporated Pension…$2.8BValero Energy Corporation Pension PlanValero Energy Corporation Pe…$2.7BNorthwell Health Pension Plan$2.7B
End-of-year total assets ($B) among University of Pennsylvania Health Sysytem Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$2.9B
Net Assets (End of Year)$2.8B
Net Income-$127M
Employer EIN231352685
Plan Effective Date1978-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Trustees of the University of Pennsylvania)

Sponsor-wide plan assets over time

All Trustees of the University of Pennsylvania plans reported in each filing year

Latest sponsor-wide plan assets
$19.0B 27.12721195306361% vs 2022
2024 filing year
$14B$16B$18B$20B 202220232024 $14.9B $19B ▲ +27.1%
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 Scatter plot of 6 data points. 020000400006000080000 24681012 Total assets ($B) Participants University of Pennsylvania Health Sysytem Pension Plan, Total assets ($B): 2.770869982 · Participants: 8369University of Pennsylvania Health Sysytem 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
University of Pennsylvania Health Sysytem Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
Compare University of Pennsylvania Health Sysytem Pension Plan side-by-side with 3 peers →

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:

University of Pennsylvania Health Sysytem Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Pennsylvania, the nearest Defined Benefit (Pension) by assets is Corning Incorporated Pension Plan in NY ($2.8B); by covered participants it is Umass Memorial Health Care Pension Plan in MA (8,379 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($2.8B here).

Similar participant headcount

Nearest other-state filings by covered participants (8,369 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 University of Pennsylvania Health Sysytem Pension Plan assets move in 2023? ▼
University of Pennsylvania Health Sysytem Pension Plan edged down modestly - down 4.4% during 2023, from $2.9B to $2.8B. Reported net income was -$127M.
How have Trustees of the University of Pennsylvania plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Trustees of the University of Pennsylvania's sponsor-wide assets grew 27.1%, from $14.9B to $19.0B.
Where does University of Pennsylvania Health Sysytem Pension Plan rank by assets among Form 5500 filers? ▼
University of Pennsylvania Health Sysytem Pension Plan ranks in the 100th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to University of Pennsylvania Health Sysytem Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Corning Incorporated Pension Plan in NY ($2.8B, 17,004 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to University of Pennsylvania Health Sysytem Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Umass Memorial Health Care Pension Plan in MA (8,379 participants, $1.2B 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 231352685.

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.