State retirement profile · Form 5500

Retirement Plans in Pennsylvania

According to DOL Form 5500 filings (plan year 2024), employer-sponsored 401(k), pension, and other retirement plans headquartered in Pennsylvania report the totals below.

Data updated 2026-08-06

5,360
Plans
$566.9B
Total assets
#6
By assets

$566.9B across 5,360 plans

According to DOL Form 5500 filings (plan year 2024), Pennsylvania has 5,360 employer-sponsored retirement plans holding $566.9B in total assets for 4,418,870 participants, ranking 6th nationally by plan assets, with 69% structured as 401(k)s and an average of $106M per plan.

  • 6th nationally by plan assets
  • 69% 401(k) plans

The state in one line

Pennsylvania hosts 5,360 employer-sponsored retirement plans holding $566.9B for 4,418,870 participants, the 6th-largest state by plan assets.

$566.9B
total plan assets
5,360
employer plans
$128,287
avg assets per participant
69%
of plans are 401(k)s
401(k) Plans
3,700
Participants
4,418,870

What the Form 5500 Data Shows for Pennsylvania

Pennsylvania: 5,360 employer-sponsored plans (3,700 401(k)), $566.9B aggregate assets, 4,418,870 participants. Average plan: $106M; largest is Comcast Corporation Retirement - Investment Plan at $19.7B. Leading sector by assets: Manufacturing (21%). These figures aggregate the 5,360 Form 5500 filings Pennsylvania sponsors submitted for plan year 2024, counted by sponsor headquarters rather than participant residence; a plan administered in Pennsylvania can cover workers across several states, and the methodology page details that HQ-vs-residence distinction. DOL Form 5500 methodology + HQ-vs-residence caveats →

Manufacturing leads Pennsylvania plan assets (21%)

Among plans headquartered here, Manufacturing accounts for $120.7B across 1,068 filings, ahead of Finance & Insurance at $110.0B. Sector mix is a Form 5500-derived signal: it reflects where sponsors file from, not where every participant lives.

DOL Form 5500 plan year 2024

Pennsylvania hosts 244 ESOP filings

Employee Stock Ownership Plans here hold $13.4B. ESOP density is uneven across states; when the count clears a meaningful floor, the ESOP ranking and industry pages are the better drill-downs than a 401(k)-only read.

DOL Form 5500 plan year 2024

Where Pennsylvania sits in the Form 5500 corpus

Pennsylvania sits in the top decile of U.S. states by Form 5500 plan assets (#6 of 56), so national rankings and peer comparisons are the useful next read.

DOL Form 5500 plan year 2024

Industry mix in Pennsylvania

Top sectors by Form 5500 plan assets for sponsors headquartered here (plan year 2024).

Industry Plans Assets
Manufacturing 1,068 $120.7B
Finance & Insurance 396 $110.0B
Healthcare & Social Assistance 745 $73.8B
Professional & Technical Services 827 $44.7B
Construction 395 $37.0B

Largest Plans in Pennsylvania

# Plan Name Type Participants Total Assets
1 Comcast Corporation Retirement - Investment Plan 401(k) 90,495 $19.7B
2 The Cigna Group 401(k) Plan 401(k) 63,634 $14.2B
3 The Vanguard Retirement and Savings Plan 401(k) 18,066 $11.1B
4 Thermo Fisher Scientific Inc. 401(k) Retirement Plan 401(k) 36,150 $10.3B
5 The PNC Financial Services Group, Inc. Incentive Savings Plan 401(k) 54,604 $10.2B
6 The Bank of New York Mellon Corporation 401(k) Savings Plan 401(k) 24,183 $9.9B
7 Gsk 401(k) Plan 401(k) 12,435 $8.8B
8 Sap America, Inc. 401(k) Plan 401(k) 18,420 $8.1B
9 Siemens Medical Solutions USA, Inc. Savings Plan 401(k) 12,884 $7.9B
10 Elevator Constructors Annuity and 401(k) Retirement Plan 401(k) 30,239 $7.3B
11 Steelworkers Pension Trust Defined Benefit (Pension) 46,110 $7.2B
12 The University of Pennsylvania Matching Plan Other 22,110 $7.0B
13 Constellation Employee Savings Plan 401(k) 13,918 $6.0B
14 Wawa, Inc. Employee Stock Ownership Plan ESOP 37,745 $5.5B
15 The PNC Financial Services Group, Inc. Pension Plan Defined Benefit (Pension) 58,779 $5.5B
16 The Bank of New York Mellon Corporation Pension Plan Defined Benefit (Pension) 6,387 $5.2B
17 Constellation Retirement Program Defined Benefit (Pension) 4,809 $5.0B
18 Eastern Atlantic States Carpenters Pension Fund Defined Benefit (Pension) 12,421 $5.0B
19 Chubb US 401(k) Plan 401(k) 15,396 $5.0B
20 Upmc 401(a) Retirement Savings Plan 401(k) 98,482 $4.9B
21 Upmc 403(b) Retirement Savings Plan Other 78,872 $4.7B
22 Ppg Industries, Inc. Employee Savings Plan 401(k) 16,534 $4.3B
23 United States Steel Corporation Plan for Employee Pension Benefits (Revision of 2003) Defined Benefit (Pension) 2,959 $4.3B
24 Cigna Pension Plan Defined Benefit (Pension) 12,279 $3.8B
25 Pension Plan of the Chubb Corporation Defined Benefit (Pension) 2,993 $3.7B

Nearby States by Retirement Plan Footprint

States ranked adjacent to Pennsylvania by total retirement plan assets.

Compare Pennsylvania side-by-side with 3 peer states →

Frequently Asked Questions

What is the largest retirement plan headquartered in Pennsylvania? ▼
The largest Form 5500 filing by assets with a headquarters address in Pennsylvania is Comcast Corporation Retirement - Investment Plan ($19.7B, 90,495 participants).
Which industry leads Pennsylvania retirement plan assets? ▼
Manufacturing leads with $120.7B across 1,068 plans headquartered here (21% of state plan assets).
How does Pennsylvania compare to other states for retirement plans? ▼
Pennsylvania sits in the top decile of U.S. states by Form 5500 plan assets (#6 of 56), so national rankings and peer comparisons are the useful next read.

Next read for Pennsylvania

Industry-mix reading

Ways to act on Pennsylvania's numbers.

Source: U.S. Department of Labor, EBSA Form 5500 public disclosure dataset. Shows the top 25 plans by total assets headquartered in Pennsylvania, out of 122,942 ERISA-covered plans nationally. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - state is the plan sponsor's headquarters state as recorded on the Form 5500 filing.

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.