401(k) · DOL Form 5500 · 2024

Penn State Health 401(k) Plan

Data updated 2026-08-25

$2.9B
Total assets Very large vs avg
15,556
Participants Very large workforce
99th
Percentile by assets National rank
$188,067
Avg per participant Above avg balance/head
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Official DOL plan name: Penn State Health 401(k) Savings Plan · Sponsored by Penn State Health · Pennsylvania · Healthcare & Social Assistance

$2.9B in assets, 15,556 participants

Penn State Health's Penn State Health 401(k) Savings Plan reported $2.9B in total assets and 15,556 participants in its 2024 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.

  • #16,846 in Healthcare & Social Assistance (16,916 peers)

Coverage in Pennsylvania

Penn State Health 401(k) Savings Plan covers 15,556 participants in Pennsylvania, 19x the typical Pennsylvania plan (state average ~822 per filing). Assets: $2.9B.

#16,846
in Healthcare & Social Assistance (16,916 peers)
+13.7%
assets growth YoY
29×
vs typical plan assets (national mean)

Penn State Health 401(k) Savings Plan's outsized position by total assets

Penn State Health 401(k) Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$2,925,576,909 Top 1% higher than 99% of 123,620 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 2024

Penn State Health 401(k) Savings Plan's mega-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Penn State Health 401(k) Savings Plan is a mega filing (15,556 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Penn State Health 401(k) Savings Plan reported net income fell from $429M in the plan year 2023 filing to $354M in the plan year 2024 filing.
  • Penn State Health 401(k) Savings Plan end-of-year assets rose from $2.6B in the plan year 2023 filing to $2.9B in the plan year 2024 filing.
  • Penn State Health 401(k) Savings Plan reported participants rose from 14,765 in the plan year 2023 filing to 15,556 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 473769205 · Penn State Health PY 2024 · 401(k)

Penn State Health 401(k) Savings Plan · $2.9B · 15,556 · 99th

  • EBSA $2.9B
  • EBSA 15,556
  • EBSA 99th
  • EBSA 401(k)
  • EBSA near Frontier Communications 401(k) Savings Plan
  • EBSA ind #16846

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 →

Penn State Health 401(k) Savings Plan in the asset neighbourhood

Alcon 401(k) Savings Plan$2.9BThe Boston Consulting Group, Inc. Employees' Savings Plan and Profit Sharing Retirement FundThe Boston Consulting Group,…$2.9BPenn State Health 401(k) Savings PlanPenn State Health 401(k) Sav…$2.9BFrontier Communications 401(k) Savings PlanFrontier Communications 401(…$2.9BKinder Morgan Savings Plan$2.9B
End-of-year total assets ($B) among Penn State Health 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$2.6B
Net Assets (End of Year)$2.9B
Net Income$354M
Employer EIN473769205
Plan Effective Date2017-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Penn State Health)

Sponsor-wide plan assets over time

All Penn State Health plans reported in each filing year

Latest sponsor-wide plan assets
$3.5B 37.468703821557746% vs 2022
2024 filing year
$2B$2.5B$3B$3.5B$4B 202220232024 $2.52B $3.46B ▲ +37.3%
Year Plans Participants Total Assets
2022 2 33,697 $2.5B
2023 2 32,980 $3.0B
2024 2 34,333 $3.5B

Nearby 401(k) Plans in Pennsylvania

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Penn State Health 401(k) Savings Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. 020000400006000080000100000 0510152025 Total assets ($B) Participants Penn State Health 401(k) Savings Plan, Total assets ($B): 2.925576909 · Participants: 15556Penn State Health 401(k) Savings PlanComcast Corporation Retirement - Investment Plan, Total assets ($B): 19.687957793 · Participants: 90495Comcast Corporation Retirement - Investment PlanThe Cigna Group 401(k) Plan, Total assets ($B): 14.20308608 · Participants: 63634The Cigna Group 401(k) PlanThe Vanguard Retirement and Savings Plan, Total assets ($B): 11.084818612 · Participants: 18066The Vanguard Retirement and Savings PlanThermo Fisher Scientific Inc. 401(k) Retirement Plan, Total assets ($B): 10.263366209 · Participants: 36150Thermo Fisher Scientific Inc. 401(k) Retirement PlanThe PNC Financial Services Group, Inc. Incentive Savings Plan, Total assets ($B): 10.189629 · Participants: 54604The PNC Financial Services Group, Inc. Incentive Savings Plan
Penn State Health 401(k) Savings Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants
Compare Penn State Health 401(k) Savings Plan side-by-side with 3 peers →

Scale composition for Penn State Health 401(k) Savings Plan

Penn State Health 401(k) Savings Plan reports $2.9B in end-of-year assets across 15,556 participants (0.024% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.017% of 93,925,755 covered participants) - about $188,067 per participant (1.4x the national average assets-per-participant) . Net income for plan year 2024 was $354M.

This plan identity (EIN 473769205, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $2.1B to $2.9B (+36.5%) while covered participants moved from 16,910 to 15,556 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 16,910 $2.1B Open filing
2023 14,765 $2.6B Open filing
2024 · index core 15,556 $2.9B This page

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Penn State Health 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Pennsylvania, the nearest 401(k) by assets is Frontier Communications 401(k) Savings Plan in CT ($2.9B); by covered participants it is Paychex, Inc. 401(k) Incentive Retirement Plan in NY (15,547 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($2.9B here).

Similar participant headcount

Nearest other-state filings by covered participants (15,556 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Penn State Health 401(k) Savings Plan assets move in 2024? ▼
Penn State Health 401(k) Savings Plan grew at a solid clip - up 13.7% during 2024, from $2.6B to $2.9B. Reported net income was $354M.
How have Penn State Health plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Penn State Health's sponsor-wide assets grew 37.5%, from $2.5B to $3.5B.
Where does Penn State Health 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
Penn State Health 401(k) Savings Plan ranks in the 99th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Penn State Health 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Frontier Communications 401(k) Savings Plan in CT ($2.9B, 12,125 participants).
Which 401(k) plans cover a similar participant headcount to Penn State Health 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Paychex, Inc. 401(k) Incentive Retirement Plan in NY (15,547 participants, $2.3B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 473769205.

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.