Defined Benefit (Pension) · DOL Form 5500 · 2024
Penn Mutual Life Insurance Company Pension Plan
Data updated 2026-08-11
- $3M
- Total assets
- 144
- Participants
- 34th
- Percentile by assets
- $21,060
- Avg per participant
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.
- 34th percentile by assets (of 123,622 plans)
- #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.
- $3M
- total plan assets (2024 EOY)
- 144
- covered participants
- 34th
- percentile by assets (of 123,622 plans)
- $21,060
- avg assets per participant
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.
Where Penn Mutual Retirement Plan sits by total assets
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
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
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.
Participants vs Pennsylvania filers
In Pennsylvania, the average filing covers about 822 participants across 5,751 plans. Penn Mutual Retirement Plan reports 144 participants - about 18% of that state average ($3M EOY assets).
Pennsylvania filing particulars
| Total Assets (Beginning of Year) | $207M |
|---|---|
| Net Assets (End of Year) | $3M |
| Net Income | -$137M |
| Employer EIN | 230952300 |
| Plan Effective Date | 1986-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Penn Mutual Life Insurance Company)
| 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
- National Elevator Industry Pension Plan $12.2B · 28,308
- Steelworkers Pension Trust $7.2B · 46,110
- The PNC Financial Services Group, Inc. Pension Plan $5.5B · 58,779
- The Bank of New York Mellon Corporation Pension Plan $5.2B · 6,387
- Constellation Retirement Program $5.0B · 4,809
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Penn Mutual Retirement Plan by total assets, not by location.
- Sypris Technologies, Inc. Retirement Plan for Salaried and Non-Bargaining Unit Employees (KY) $3M · N/A
- L. Victor Lizzul, Inc. Defined Benefit Pension Plan (NY) $3M · 4
- Stepan Company Retirement Plan for Maywood Hourly Employees (IL) $3M · 16
- Schein & Cai, LLP Defined Benefit Pension Plan (CA) $3M · 2
Frequently Asked Questions
How did Penn Mutual Retirement Plan assets move in 2024? ▼
How have Penn Mutual Life Insurance Company plan assets changed over time? ▼
Which Defined Benefit (Pension) plans are similar in size to Penn Mutual Retirement Plan? ▼
Next read for Penn Mutual Retirement Plan
Filing takeaways
Ways to act on Penn Mutual Retirement Plan's numbers.
- By total assets, Penn Mutual Retirement Plan ranks in the lower half of filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Pennsylvania. Compare plans
- Penn Mutual Life Insurance Company's sponsor-wide assets have declined 3.4% since 2022 across 3 plan years on file. More Finance & Insurance plans