Employer · plans filed under one EIN
Highmark Health
Pittsburgh, PA · Finance and insurance
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
Highmark Health, based in Pittsburgh, Pennsylvania, sponsors 2 retirement plans with 100 or more participants: 1 defined contribution and 1 defined benefit. Together they reported 56,171 participant records and $5.86B in net assets.
The largest is Highmark Retirement Plan, a defined benefit pension plan with 34,883 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $108M and participant contributions $130M in the latest plan years; benefits paid were $488M. Schedule C compensation reported to service provider organisations totalled $10.9M.
Combined net assets moved from $1.17B in 2014 to $5.86B in 2024 (up 399%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| Highmark Retirement Plan | defined benefit pension plan | 2024 | 34,883 | $2.99B | $85,847 | — | $8.4M |
| Highmark Investment Plan | 401(k) plan | 2024 | 21,288 | $2.86B | $134,400 | $7,271 | $2.5M |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2024 | 2 | 56,171 | $5.86B | $108M | $130M |
| 2023 | 2 | 61,129 | $5.71B | $110M | $129M |
| 2022 | 2 | 62,715 | $5.14B | $103M | $120M |
| 2021 | 2 | 60,813 | $6.53B | $109M | $96.8M |
| 2020 | 2 | 61,836 | $6.23B | $59.6M | $91.9M |
| 2019 | 2 | 64,473 | $5.77B | $411M | $99.3M |
| 2018 | 1 | 19,324 | $1.45B | $41.3M | $91.6M |
| 2017 | 1 | 18,231 | $1.50B | $47.1M | $74.3M |
| 2016 | 1 | 17,567 | $1.31B | $32.7M | $66.6M |
| 2015 | 1 | 16,490 | $1.18B | $32.8M | $65.3M |
| 2014 | 1 | 16,071 | $1.17B | $31.6M | $68.4M |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Alight Solutions LLC | Recordkeeping and information management | 2 | $3,537,445 |
| The Bank of New York Mellon | Custodial (securities); Trustee (bank, trust company, or similar financial institution); Investment management | 2 | $1,631,572 |
| Pacific Investment Management | Investment management | 1 | $1,136,172 |
| Nisa Investment Advisors | Investment management | 1 | $969,676 |
| BlackRock | Investment management | 1 | $809,228 |
| Mercer (US), Inc. | Actuarial | 1 | $648,150 |
| The Silchester International | Investment management | 1 | $553,170 |
| Nepc, LLC | Investment management | 2 | $363,861 |
| Diamond Hill Capital MGMT | Investment management | 1 | $277,183 |
| Walter Scott & Partners Ltd. | Custodial (securities); Investment management | 1 | $261,835 |
| Wellington Management Company | Investment management | 1 | $118,516 |
| Newton Investment Management | Investment management | 1 | $99,271 |
| Hood River Capital Management | Investment management | 1 | $85,962 |
| Mercer | — | 1 | $57,000 |
| Baker Tilly US, LLP | Accounting (including auditing) | 1 | $25,150 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does Highmark Health have?
2 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: Highmark Retirement Plan and Highmark Investment Plan. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does Highmark Health contribute to its plans?
$108,465,881 in employer contributions across these plans in their latest plan years, about $3,910 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Alight Solutions LLC, The Bank of New York Mellon, Pacific Investment Management and Nisa Investment Advisors and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.