Defined Benefit (Pension) · DOL Form 5500 · 2024

Penn Engineering & Mfg. Corp. Pension Plan

Data updated 2026-08-25

$19M
Total assets Small plan by assets
178
Participants Small participant base
70th
Percentile by assets National rank
$108,467
Avg per participant Below avg balance/head
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Official DOL plan name: Penn Engineering Pension Plan · Sponsored by Penn Engineering & Mfg. Corp. · Pennsylvania · Manufacturing

$19M in assets, 178 participants

Penn Engineering & Mfg. Corp.'s Penn Engineering Pension Plan reported $19M in total assets and 178 participants in its 2024 DOL Form 5500 filing, ranking in the 70th 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.

  • #10,478 in Manufacturing (17,777 peers)

Coverage in Pennsylvania

Penn Engineering Pension Plan covers 178 participants in Pennsylvania, about 22% of the average Pennsylvania filer (state average ~822 per filing). Assets: $19M.

#10,478
in Manufacturing (17,777 peers)
-8.9%
assets change YoY

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Penn Engineering Pension Plan's outsized position by total assets

Penn Engineering Pension Plan vs every filed plan by assets

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

$19,307,203 Top 30% higher than 70% 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 Engineering Pension Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Penn Engineering Pension Plan sits mid-pack in the medium band (178 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Penn Engineering Pension Plan reported net income fell from $5M in the plan year 2023 filing to -$2M in the plan year 2024 filing.
  • Penn Engineering Pension Plan reported participants fell from 200 in the plan year 2023 filing to 178 in the plan year 2024 filing.
  • Penn Engineering Pension Plan end-of-year assets fell from $21M in the plan year 2023 filing to $19M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 230951065 · Penn Engineering & Mfg. Corp. PY 2024 · Defined Benefit (Pension)

Penn Engineering Pension Plan · $19M · 178 · 70th

  • BOY $19M
  • SCH 178
  • EBSA 70th
  • PART Defined Benefit (Pension)
  • TYPE near Venturedyne Salaried Retirement Plan
  • NET ind #10478

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 Manufacturing retirement plans → · Plans in Pennsylvania →

Penn Engineering Pension Plan in the asset neighbourhood

Nelda C. and H.J. Lutcher Stark Fndtn PlanNelda C. and H.J. Lutcher St…$19MPenn Engineering Pension Plan$19MVenturedyne Salaried Retirement PlanVenturedyne Salaried Retirem…$19MFactory Pension Plan of Danfoss Power Solutions(Lasalle) and Intl Union, United Automobile, Aerospace and Agric Wkers of Am Local Union 28Factory Pension Plan of Danf…$19MLos Angeles Tourism and Convention Board Retirement Income PlanLos Angeles Tourism and Conv…$19M
End-of-year total assets ($M) among Penn Engineering Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$21M
Net Assets (End of Year)$19M
Net Income-$2M
Employer EIN230951065
Plan Effective Date1962-12-31
Filing StatusFILING RECEIVED

Sponsor Plan History (Penn Engineering & Mfg. Corp.)

Sponsor-wide plan assets over time

All Penn Engineering & Mfg. Corp. plans reported in each filing year

Latest sponsor-wide plan assets
$183M 33.26547835398494% vs 2022
2024 filing year
$120M$140M$160M$180M$200M 202220232024 $138M $183M ▲ +33.3%
Year Plans Participants Total Assets
2022 2 987 $138M
2023 2 1,007 $172M
2024 2 1,092 $183M

Nearby Defined Benefit (Pension) Plans in Pennsylvania

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Penn Engineering Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Penn Engineering Pension Plan, Total assets ($B): 0.019307203 · Participants: 178Penn Engineering Pension PlanNational Elevator Industry Pension Plan, Total assets ($B): 12.213235301 · Participants: 28308National Elevator Industry Pension PlanSteelworkers Pension Trust, Total assets ($B): 7.234971663 · Participants: 46110Steelworkers Pension TrustThe PNC Financial Services Group, Inc. Pension Plan, Total assets ($B): 5.528998 · Participants: 58779The PNC Financial Services Group, Inc. Pension PlanThe Bank of New York Mellon Corporation Pension Plan, Total assets ($B): 5.178651926 · Participants: 6387The Bank of New York Mellon Corporation Pension PlanConstellation Retirement Program, Total assets ($B): 5.003720253 · Participants: 4809Constellation Retirement Program
Penn Engineering Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
Compare Penn Engineering Pension Plan side-by-side with 3 peers →

Penn Engineering Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Pennsylvania, the nearest Defined Benefit (Pension) by assets is Venturedyne Salaried Retirement Plan in WI ($19M); by covered participants it is Standard Chartered Bank Retirement Account Plan in NJ (178 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (178 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 Engineering Pension Plan assets move in 2024? ▼
Penn Engineering Pension Plan pulled back noticeably - down 8.9% during 2024, from $21M to $19M. Reported net income was -$2M.
How have Penn Engineering & Mfg. Corp. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Penn Engineering & Mfg. Corp.'s sponsor-wide assets grew 33.3%, from $138M to $183M.
Which Defined Benefit (Pension) plans are similar in size to Penn Engineering Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Venturedyne Salaried Retirement Plan in WI ($19M, 100 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Penn Engineering Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Standard Chartered Bank Retirement Account Plan in NJ (178 participants, $160M 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 230951065.

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.