Employer · plans filed under one EIN
Penn State Health
Hershey, PA · Health care and social assistance
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.
2 retirement plans with 100 or more participants file Form 5500 under Penn State Health's employer identification number (Hershey, Pennsylvania). Their latest filings total 43,269 participant records and $3.98B in net assets.
The largest is Penn State Health 401(k) Savings Plan, a 401(k) plan with 22,299 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 $84.6M and participant contributions $162M in the latest plan years; benefits paid were $281M. Schedule C compensation reported to service provider organisations totalled $1.2M.
Combined net assets moved from $1.49B in 2018 to $3.98B in 2025 (up 168%). 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 |
|---|---|---|---|---|---|---|---|
| Penn State Health 401(k) Savings Plan | 401(k) plan | 2025 | 22,299 | $3.37B | $151,348 | $5,084 | $1.0M |
| Penn State Health Tax Sheltered Annuity Program | 403(b) plan | 2025 | 20,970 | $608M | $28,981 | $0 | $119K |
| 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 |
|---|---|---|---|---|---|
| 2025 | 2 | 43,269 | $3.98B | $84.6M | $162M |
| 2024 | 2 | 42,315 | $3.46B | $84.7M | $153M |
| 2023 | 2 | 41,844 | $3.02B | $78.9M | $143M |
| 2022 | 2 | 42,220 | $2.52B | $72.3M | $134M |
| 2021 | 2 | 40,702 | $2.93B | $68.8M | $122M |
| 2020 | 2 | 40,780 | $2.30B | $57.9M | $96.9M |
| 2019 | 2 | 27,664 | $1.93B | $47.7M | $78.3M |
| 2018 | 2 | 27,367 | $1.49B | $18.2M | $28.5M |
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 |
|---|---|---|---|
| Empower Annuity Investment Company | — | 2 | $531,643 |
| Empower Advisory Group, LLC | Investment management | 2 | $485,631 |
| Forvis, LLP | Accounting (including auditing) | 2 | $65,987 |
| TIAA-CREF | — | 1 | $16,484 |
| Fort Pitt Capital Group LLC | — | 2 | $10,400 |
| Larson Financial Group LLC | — | 2 | $9,327 |
| Signature Estate & Investment | — | 2 | $6,560 |
| Fisher Investments | — | 1 | $6,355 |
| Charles Schwab & Co., Inc. | Investment advisory (participants); Securities brokerage | 2 | $4,642 |
| Apollon Wealth Management LLC | — | 2 | $4,487 |
| Varialbe Annuity Life Insurance Co. | — | 1 | $3,736 |
| Flexible Plan Investments Ltd. | — | 2 | $2,022 |
| River Wealth Advisors LLC | — | 1 | $1,538 |
| Cambridge Investment Research | — | 1 | $43 |
| TIAA-CREF Investment Management | — | 1 | $0 |
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 Penn State Health have?
2 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: Penn State Health 401(k) Savings Plan and Penn State Health Tax Sheltered Annuity Program. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does Penn State Health contribute to its plans?
$84,559,068 in employer contributions across these plans in their latest plan years, about $2,303 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 Empower Annuity Investment Company, Empower Advisory Group, LLC, Forvis, LLP and TIAA-CREF 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.