401(k) · DOL Form 5500 · 2024
Penn State Health 401(k) Plan
Data updated 2026-08-11
- $2.9B
- Total assets
- 15,556
- Participants
- 99th
- Percentile by assets
- $188,067
- Avg per participant
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.
- 99th percentile by assets (of 123,622 plans)
- #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.
- $2.9B
- total plan assets (2024 EOY)
- 15,556
- covered participants
- 99th
- percentile by assets (of 123,622 plans)
- $188,067
- avg assets per participant
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.
Participants vs Pennsylvania filers
In Pennsylvania, the average filing covers about 822 participants across 5,751 plans. Penn State Health 401(k) Savings Plan reports 15,556 participants - 19x that state average ($2.9B EOY assets).
Pennsylvania filing particulars
| Total Assets (Beginning of Year) | $2.6B |
|---|---|
| Net Assets (End of Year) | $2.9B |
| Net Income | $354M |
| Employer EIN | 473769205 |
| Plan Effective Date | 2017-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Penn State Health)
| 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
- Comcast Corporation Retirement - Investment Plan $19.7B · 90,495
- The Cigna Group 401(k) Plan $14.2B · 63,634
- The Vanguard Retirement and Savings Plan $11.1B · 18,066
- Thermo Fisher Scientific Inc. 401(k) Retirement Plan $10.3B · 36,150
- The PNC Financial Services Group, Inc. Incentive Savings Plan $10.2B · 54,604
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 Tax Sheltered Annuity Program (Other, $532M, 18,777 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Penn State Health 401(k) Savings Plan by total assets, not by location.
- Frontier Communications 401(k) Savings Plan (CT) $2.9B · 12,125
- Kinder Morgan Savings Plan (TX) $2.9B · 10,940
- Alcon 401(k) Savings Plan (TX) $2.9B · 9,762
- The Boston Consulting Group, Inc. Employees' Savings Plan and Profit Sharing Retirement Fund (MA) $2.9B · 10,210
Frequently Asked Questions
How did Penn State Health 401(k) Savings Plan assets move in 2024? ▼
How have Penn State Health plan assets changed over time? ▼
Where does Penn State Health 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Penn State Health 401(k) Savings Plan? ▼
Next read for Penn State Health 401(k) Savings Plan
Filing takeaways
Ways to act on Penn State Health 401(k) Savings Plan's numbers.
- By total assets, Penn State Health 401(k) Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Pennsylvania. Compare plans
- Penn State Health's sponsor-wide assets have grown 37.5% since 2022 across 3 plan years on file. More Healthcare & Social Assistance plans