Employer · plans filed under one EIN
Trustees of the Univ. of Penn
Philadelphia, 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.
8 retirement plans with 100 or more participants file Form 5500 under Trustees of the Univ. of Penn's employer identification number (Philadelphia, Pennsylvania). Their latest filings total 240,713 participant records and $19.0B in net assets.
The largest is The University of Pennsylvania Health System 403(b) Retirement Savings Plan, a 403(b) plan with 56,762 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 $408M and participant contributions $485M in the latest plan years; benefits paid were $917M. Schedule C compensation reported to service provider organisations totalled $4.2M.
Combined net assets moved from $4.45B in 2009 to $19.0B in 2024 (up 326%). 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 |
|---|---|---|---|---|---|---|---|
| The University of Pennsylvania Health System 403(b) Retirement Savings Plan | 403(b) plan | 2024 | 56,762 | $3.55B | $62,582 | — | $2.4M |
| Retirement Contribution and 403(b) Matching Plan of the University of Pennsylvania Health System | 401(k) plan | 2024 | 47,760 | $1.11B | $23,245 | $3,476 | $417K |
| University of Pennsylvania Basic Plan | profit-sharing plan | 2024 | 38,449 | $2.00B | $51,904 | $5,153 | $515K |
| The University of Pennsylvania Matching Plan | 403(b) plan | 2024 | 35,700 | $6.99B | $195,708 | $4,657 | $495K |
| Supplemental Retirement Annuity Plan of the University of Pennsylvania | 403(b) plan | 2024 | 34,247 | $2.26B | $66,015 | — | $198K |
| University of Pennsylvania Health Sysytem Pension Plan | cash balance pension plan | 2024 | 23,429 | $2.84B | $121,311 | $5,063 | $0 |
| Retirement Allowance Plan of the University of Pennsylvania | defined benefit pension plan | 2024 | 4,160 | $192M | $46,169 | — | $89K |
| The University of Pennsylvania Penn Police Association Defined Benefit Retirement Plan | defined benefit pension plan | 2024 | 206 | $32.7M | $158,921 | $16,326 | $115K |
| 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 | 8 | 240,713 | $19.0B | $408M | $485M |
| 2023 | 8 | 232,261 | $17.0B | $377M | $445M |
| 2022 | 8 | 212,941 | $14.9B | $295M | $401M |
| 2021 | 8 | 193,104 | $16.0B | $269M | $355M |
| 2020 | 8 | 151,555 | $13.5B | $216M | $246M |
| 2019 | 8 | 145,477 | $11.6B | $289M | $231M |
| 2018 | 8 | 148,882 | $9.86B | $243M | $213M |
| 2017 | 8 | 141,262 | $10.1B | $235M | $194M |
| 2016 | 8 | 133,886 | $8.76B | $230M | $178M |
| 2015 | 8 | 128,066 | $7.94B | $261M | $168M |
| 2014 | 7 | 107,877 | $6.40B | $130M | $151M |
| 2013 | 8 | 121,523 | $7.09B | $178M | $139M |
| 2012 | 8 | 123,383 | $5.99B | $181M | $133M |
| 2011 | 8 | 119,677 | $5.30B | $216M | $124M |
| 2010 | 7 | 113,884 | $5.11B | $153M | $118M |
| 2009 | 7 | 108,783 | $4.45B | $157M | $114M |
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 |
|---|---|---|---|
| Fid Inv Instl Ops CP | Participant loan processing | 2 | $2,774,635 |
| TIAA | Recordkeeping and information management; Consulting (pension); Investment advisory (plan); Investment management | 4 | $1,295,873 |
| Newport Capital Group | Investment advisory (plan) | 1 | $77,333 |
| Premier Actuarial Solutions | Actuarial | 1 | $23,600 |
| Ascensus, LLC | Legal | 1 | $13,629 |
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 Trustees of the Univ. of Penn have?
8 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: The University of Pennsylvania Health System 403(b) Retirement Savings Plan, Retirement Contribution and 403(b) Matching Plan of the University of Pennsylvania Health System, University of Pennsylvania Basic Plan and The University of Pennsylvania Matching Plan and others. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does Trustees of the Univ. of Penn contribute to its plans?
$407,925,165 in employer contributions across these plans in their latest plan years, about $2,414 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 Fid Inv Instl Ops CP, TIAA, Newport Capital Group and Premier Actuarial Solutions 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.