Pennsylvania › Finance and insurance › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
The Pension Plan for Insurance Organizations
Sponsored by Named Fiduciaries of the Pension Plan for Insurance Organizations, Plymouth Meeting, PA
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. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Named Fiduciaries of the Pension Plan for Insurance Organizations of Plymouth Meeting, Pennsylvania sponsors The Pension Plan for Insurance Organizations, a cash balance pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 7,840 participants (1,803 active) and $1.11B in net assets. It is a multiple-employer plan covering the employees of more than one employer.
Net assets came to $141,470 per participant, well above the $87,623 median for defined benefit plans with 5,000 to 24,999 participants and above the $119,983 median for defined benefit plans in finance and insurance. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Employer contributions were $19.2M for the year ($10,653 per active participant) and benefits paid were $61.7M. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
Schedule C lists 10 service provider organisations paid $5,000 or more, with reported compensation of $3.3M: $419 per participant, well above the same-size median of $232. Administrative expenses charged to the plan were $5.0M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $635M in 2009 to $1.11B in 2024 (up 75%), and participants from 11,015 to 7,840 (down 29%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $141,470 | $87,623 | $119,983 | $86,221 |
| Employer contributions per active participant | $10,653 | $9,468 | $7,849 | $10,244 |
| Schedule C compensation per participant | $419 | $232 | $352 | $344 |
| Schedule C compensation, share of net assets | 0.30% | 0.30% | 0.32% | 0.42% |
| Administrative expenses per participant | $638 | $396 | $433 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 5,000 to 24,999 participants (651 plans), finance and insurance (690) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 7,840 | $1.11B | $141,470 | $19.2M | — | $3.3M |
| 2023 | 7,910 | $1.12B | $142,094 | $24.2M | — | $3.4M |
| 2022 | 7,849 | $1.04B | $132,297 | $25.7M | — | $3.8M |
| 2021 | 7,980 | $1.35B | $169,564 | $23.1M | — | $3.2M |
| 2020 | 8,117 | $1.28B | $158,095 | $23.7M | $0 | $2.8M |
| 2019 | 8,371 | $1.19B | $142,365 | $20.1M | $0 | $3.1M |
| 2018 | 8,595 | $1.01B | $117,988 | $37.7M | $0 | $2.4M |
| 2017 | 9,129 | $1.17B | $127,640 | $8.8M | $0 | $3.0M |
| 2016 | 9,267 | $1.06B | $114,716 | $23.3M | $0 | $3.5M |
| 2015 | 9,464 | $1.02B | $107,989 | $21.5M | $0 | $4.3M |
| 2014 | 10,190 | $1.10B | $108,076 | $23.4M | $0 | $3.5M |
| 2013 | 10,375 | $1.05B | $100,846 | $23.2M | $0 | $4.7M |
| 2012 | 10,512 | $940M | $89,391 | $26.7M | $0 | $2.9M |
| 2011 | 10,641 | $861M | $80,946 | $155M | $0 | $3.0M |
| 2010 | 10,859 | $727M | $66,963 | $47.0M | $0 | $3.7M |
| 2009 | 11,015 | $635M | $57,612 | $25.1M | — | $5.1M |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$1,123,960,169
- Employer contributions$19,207,531
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$19,207,531
- Total income, including investment results$51,868,963
- Benefits paid$61,702,285
- Administrative expenses$5,005,723
- Total expenses$66,708,008
- Net income−$14,839,045
- Net transfers$0
- Net assets, end of year$1,109,121,124
Participants
- Active participants1,803
- Retired or separated, receiving benefits3,979
- Retired or separated, entitled to future benefits1,582
- Participants with account balances0
- Total participants, end of year7,840
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Willis Towers Watson US | Actuarial | $1,403,900 | $0 |
| Principal Life Insurance Company | Contract Administrator | $823,801 | $0 |
| Edgewood Partners Ins | Insurance agents and brokers; Investment advisory (plan) | $366,940 | $0 |
| Klingman and Associates, | Trustee (bank, trust company, or similar financial institution) | $298,785 | $0 |
| Regina C Reardon PC | Legal | $194,745 | $0 |
| Pensionmark Financial Group | Investment advisory (plan) | $90,854 | $0 |
| Cliftonlarsonallen,llp | Accounting (including auditing); Trustee (bank, trust company, or similar financial institution) | $77,700 | $0 |
| File-X Document Imaging | Recordkeeping and information management | $11,920 | $0 |
| Angell Pension Group Inc. | Investment advisory (plan) | $11,400 | $0 |
| Brentwood Asset Advisors, Inc. | Investment advisory (plan) | $5,000 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Actuarial fees$1,403,900
- Trustee and custodial fees$1,111,681
- Contract administrator fees$823,768
- Other administrative expenses$821,752
- Investment advisory and management fees$474,194
- Legal fees$280,808
- IQPA audit fees$77,700
- Recordkeeping fees$11,920
- Total administrative expenses$5,005,723
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- U.S. Government securities$396M · 35.7%
- Registered investment companies (mutual funds)$316M · 28.4%
- Corporate debt instruments$197M · 17.8%
- Pooled separate accounts$125M · 11.3%
- Other investments$27.2M · 2.5%
- Common/collective trusts$26.2M · 2.4%
- Cash (interest and non-interest bearing)$9.8M · 0.9%
- Partnership/joint venture interests$7.0M · 0.6%
- Receivables$5.0M · 0.4%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmCliftonLarsonAllen LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $2,000,000
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related1CCash balance or similar plan2XMultiple-employer defined contribution pension plan not under codes 2U, 2V or 2W
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 524210: Insurance Agencies & Brokerages.
Similar plans in Pennsylvania
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Laborers' District Council Construction Industry Pension Fund | Laborers' District Council Construction Industry Pension Fund | 9,405 | $1.23B | $130,795 |
| Pension Plan of Independence Blue Cross | Independence Blue Cross, LLC | 3,786 | $686M | $181,284 |
| Pension Plan of the Chubb Corporation | Chubb Ina Holdings Inc. | 13,753 | $3.75B | $272,464 |
| Northwest Bank Pension Plan | Northwest Bank | 2,631 | $220M | $83,468 |
| Highmark Retirement Plan | Highmark Health | 34,883 | $2.99B | $85,847 |
| Amerihealth Caritas Pension Plan | Amerihealth Caritas Services, LLC | 2,294 | $188M | $81,844 |
Defined benefit plans in finance and insurance closest in size.
Questions and answers
How big is The Pension Plan for Insurance Organizations?
7,840 participants at the end of the plan year ending 31 Dec 2024, of whom 1,803 were active employees, with net assets of $1,109,121,124. Among defined benefit plans that places it in the 5,000 to 24,999 participants band, which held 651 plans in plan year 2024.
What does Named Fiduciaries of the Pension Plan for Insurance Organizations contribute per participant?
The filing reports $19,207,531 in employer contributions for the year, which is $10,653 per active participant; the median for plans of the same type and size was $9,468 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $3,285,045 in compensation to service provider organisations, $419 per participant or 0.30% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $5,005,723. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Named Fiduciaries of the Pension Plan for Insurance Organizations. Recordkeeping or administration: Principal Life Insurance Company and File-X Document Imaging. Investment advisory or management: Edgewood Partners Ins, Pensionmark Financial Group and Angell Pension Group Inc.. Trustee or custodian: Klingman and Associates, and Cliftonlarsonallen,llp. The financial statements were audited by CliftonLarsonAllen LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 29 Sep 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 27-0131295, plan 001, received 29 Sep 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.