Penn Mutual Life Insurance Company 401(k) Plan: Login, Facts & Contact Information

Penn Mutual Life Insurance Company 401(k) Plan Facts

Plan name
THE PENN MUTUAL RETIREMENT & SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
PENN MUTUAL LIFE INSURANCE COMPANY
Participants
1,846 (1,060 active employees)
Former employees with a balance
677
Plan assets
$489,796,084 at Dec 31, 2024
Average account balance
$283,283 across 1,729 accounts
Employer contributions
$13,661,156 in plan year 2024 (46% of all contributions)
Recordkeeper
Transamerica Retirement Solutions
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Apr 4, 1977
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments✓ Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 13, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $29.4 million went into the plan in contributions, $13.7 million of it from the employer (46%).
  • $59.2 million was paid out to participants.
  • Investment and other income added $51.0 million.
  • Administrative expenses were $91,612, about $53 per account.

How the Penn Mutual Life Insurance Company 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20191,788$305.0 million$10.1 million$19.5 million
20201,841$361.1 million$9.22 million$25.0 million
20211,770$409.0 million$11.5 million$26.3 million
20221,840$346.3 million$9.91 million$25.7 million
20231,862$400.6 million$10.4 million$27.1 million
20241,846$489.8 million$13.7 million$59.2 million

Penn Mutual Life Insurance Company 401(k) Contact Information

Phone
215-956-8395
Mailing address
600 DRESHER ROAD, HORSHAM PA 190442204
Plan sponsor
PENN MUTUAL LIFE INSURANCE COMPANY
Employer identification number (EIN)
23-0952300
Plan number
008

Questions about the Penn Mutual Life Insurance Company 401(k)

Does Penn Mutual Life Insurance Company contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $13.7 million, 46% of all contributions.

Does the Penn Mutual Life Insurance Company 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Penn Mutual Life Insurance Company 401(k) plan?

1,846 participants at the start of plan year 2024, 1,060 of them active employees, and 677 former employees who still had money in the plan.

What is the average 401(k) balance at Penn Mutual Life Insurance Company?

About $283,283 per account: $489.8 million in plan assets across 1,729 accounts with a balance at the end of plan year 2024.

Who manages the Penn Mutual Life Insurance Company 401(k) accounts?

Transamerica (listed on the filing as TRANSAMERICA RETIREMENT SOLUTIONS) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Penn Mutual Life Insurance Company. How do I access my 401(k)?

Your account stays with Transamerica after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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