Other · DOL Form 5500 · 2024

Penn State Health Retirement Plan

Data updated 2026-07-24

$532M
Total assets: 18,777
Participants: 97th
Percentile by assets: $28,357
Avg per participant

Official DOL plan name: Penn State Health Tax Sheltered Annuity Program · Sponsored by Penn State Health · Pennsylvania · Healthcare & Social Assistance

$532M in assets, 18,777 participants

Penn State Health's Penn State Health Tax Sheltered Annuity Program reported $532M in total assets and 18,777 participants in its 2024 DOL Form 5500 filing, ranking in the 97th 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.

97th percentile by assets (of 116,472 plans)

Coverage in Pennsylvania

Penn State Health Tax Sheltered Annuity Program covers 18,777 participants in Pennsylvania, 23x the typical Pennsylvania plan (state average ~824 per filing). Assets: $532M.

$532M
total plan assets (2024 EOY): 18,777
covered participants: 97th
percentile by assets (of 116,472 plans): $28,357
avg assets per participant

Penn State Health Tax Sheltered Annuity Program end-of-year assets rose from $444M in the plan year 2023 filing to $532M in the plan year 2024 filing.
Penn State Health Tax Sheltered Annuity Program reported net income fell from $71M in the plan year 2023 filing to $69M in the plan year 2024 filing.
Penn State Health Tax Sheltered Annuity Program reported participants rose from 18,215 in the plan year 2023 filing to 18,777 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Pennsylvania

Industry

Healthcare & Social Assistance

Participants vs Pennsylvania filers

In Pennsylvania, the average filing covers about 824 participants across 5,360 plans. Penn State Health Tax Sheltered Annuity Program reports 18,777 participants - 23x that state average ($532M EOY assets).

Pennsylvania filing particulars

Total Assets (Beginning of Year)	$444M
Net Assets (End of Year)	$532M
Net Income	$69M
Employer EIN	473769205
Plan Effective Date	2017-10-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Penn State Health)

Total plan assets by year, all Penn State Health plans on file

Year	Plans	Participants	Total Assets
2022	2	33,697	$2.5B
2023	2	32,980	$3.0B
2024	2	34,333	$3.5B

Nearby Other Plans in Pennsylvania

Peer Other plans, same state, same plan type, ranked by total assets.

Penn State Health Tax Sheltered Annuity Program vs. nearby Other plans in Pennsylvania, assets vs. participants

The University of Pennsylvania Matching Plan $7.0B · 22,110
Upmc 403(b) Retirement Savings Plan $4.7B · 78,872
The University of Pennsylvania Health System 403(b) Retirement Savings Plan $3.6B · 43,405
Carnegie Mellon University Faculty and Staff Retirement Plan $2.8B · 6,772
Jefferson Defined Contribution Retirement Plan $2.8B · 17,497

Compare Penn State Health Tax Sheltered Annuity … side-by-side with 3 peers →

Similar-Sized Other Plans Nationally

Other plans in other states closest to Penn State Health Tax Sheltered Annuity Program by total assets, not by location.

Noblis, Inc. Tax Sheltered Annuity Plan (VA) $533M · 2,475
Suffolk University Employee Retirement Plan (MA) $531M · 1,583
Oberlin College Defined Contribution and Tax Deferred Annuity Retirement Plan (OH) $529M · 1,295
Loyola Marymount University Defined Contribution Retirement Plan (CA) $538M · 3,095

Frequently Asked Questions

How did Penn State Health Tax Sheltered Annuity Program assets move in 2024? ▼

Penn State Health Tax Sheltered Annuity Program grew sharply - up 19.8% during 2024, from $444M to $532M. Reported net income was $69M.

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 Tax Sheltered Annuity Program rank by assets among Form 5500 filers? ▼

Penn State Health Tax Sheltered Annuity Program ranks in the 97th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).

Which Other plans are similar in size to Penn State Health Tax Sheltered Annuity Program? ▼

Among Other plans in other states, the closest by assets is Noblis, Inc. Tax Sheltered Annuity Plan in VA ($533M, 2,475 participants).

Next read for Penn State Health Tax Sheltered Annuity …

Filing takeaways

Ways to act on Penn State Health Tax Sheltered Annuity Program's numbers.

By total assets, Penn State Health Tax Sheltered Annuity Program ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Other 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

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.