Defined Benefit (Pension) · DOL Form 5500 · 2024

Penn Mutual Life Insurance Company Pension Plan

Data updated 2026-08-25

$3M
Total assets Small plan by assets
144
Participants Small participant base
34th
Percentile by assets National rank
$21,060
Avg per participant Low balance/head
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Official DOL plan name: Penn Mutual Retirement Plan · Sponsored by Penn Mutual Life Insurance Company · Pennsylvania · Finance & Insurance

$3M in assets, 144 participants

Penn Mutual Life Insurance Company's Penn Mutual Retirement Plan reported $3M in total assets and 144 participants in its 2024 DOL Form 5500 filing, ranking in the 34th 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.

  • #1,913 in Finance & Insurance (8,549 peers)

Coverage in Pennsylvania

Penn Mutual Retirement Plan covers 144 participants in Pennsylvania, about 18% of the average Pennsylvania filer (state average ~822 per filing). Assets: $3M.

#1,913
in Finance & Insurance (8,549 peers)
-98.5%
assets change YoY

The plan reported a net loss of $137M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Penn Mutual Retirement Plan's mid-pack asset rank among Finance & Insurance and all filers

Penn Mutual Retirement Plan vs every filed plan by assets

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

$3,032,700 34th percentile higher than 34% 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 Mutual Retirement 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 Mutual Retirement Plan sits mid-pack in the medium band (144 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Penn Mutual Retirement Plan reported net income fell from $13M in the plan year 2023 filing to -$137M in the plan year 2024 filing.
  • Penn Mutual Retirement Plan end-of-year assets fell from $207M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • Penn Mutual Retirement Plan reported participants fell from 153 in the plan year 2023 filing to 144 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 230952300 · Penn Mutual Life Insurance Company PY 2024 · Defined Benefit (Pension)

Penn Mutual Retirement Plan · $3M · 144 · 34th

  • BOY $3M
  • SCH 144
  • EBSA 34th
  • PART Defined Benefit (Pension)
  • TYPE near Sypris Technologies, Inc. Retirement Plan for Salaried and Non-Bargaining Unit Employees
  • NET ind #1913

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 Finance & Insurance retirement plans → · Plans in Pennsylvania →

Penn Mutual Retirement Plan in the asset neighbourhood

Penn Mutual Retirement Plan$3MSypris Technologies, Inc. Retirement Plan for Salaried and Non-Bargaining Unit EmployeesSypris Technologies, Inc. Re…$3ML. Victor Lizzul, Inc. Defined Benefit Pension PlanL. Victor Lizzul, Inc. Defin…$3MStepan Company Retirement Plan for Maywood Hourly EmployeesStepan Company Retirement Pl…$3MSchein & Cai, LLP Defined Benefit Pension PlanSchein & Cai, LLP Defined Be…$3M
End-of-year total assets ($M) among Penn Mutual Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$207M
Net Assets (End of Year)$3M
Net Income-$137M
Employer EIN230952300
Plan Effective Date1986-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Penn Mutual Life Insurance Company)

Sponsor-wide plan assets over time

All Penn Mutual Life Insurance Company plans reported in each filing year

Latest sponsor-wide plan assets
$652M 3.3861710047136486% vs 2022
2024 filing year
$600M$650M$700M$750M$800M 202220232024 $675M $652M ▼ -3.4%
Year Plans Participants Total Assets
2022 4 2,197 $675M
2023 4 2,215 $760M
2024 5 2,214 $652M

Nearby Defined Benefit (Pension) Plans in Pennsylvania

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

Penn Mutual Retirement Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Penn Mutual Retirement Plan, Total assets ($B): 0.0030327 · Participants: 144Penn Mutual Retirement 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 Mutual Retirement Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
Compare Penn Mutual Retirement Plan side-by-side with 3 peers →

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

Outside Pennsylvania, the nearest Defined Benefit (Pension) by assets is Sypris Technologies, Inc. Retirement Plan for Salaried and Non-Bargaining Unit Employees in KY ($3M); by covered participants it is Shopmen's Local No. 499 Pension Plan in OH (144 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (144 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 Mutual Retirement Plan assets move in 2024? ▼
Penn Mutual Retirement Plan contracted severely - down 98.5% during 2024, from $207M to $3M. Reported net income was -$137M.
How have Penn Mutual Life Insurance Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Penn Mutual Life Insurance Company's sponsor-wide assets declined 3.4%, from $675M to $652M.
Which Defined Benefit (Pension) plans are similar in size to Penn Mutual Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Sypris Technologies, Inc. Retirement Plan for Salaried and Non-Bargaining Unit Employees in KY ($3M, N/A participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Penn Mutual Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Shopmen's Local No. 499 Pension Plan in OH (144 participants, $13M 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 230952300.

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.