# Woods Services, Inc. Pension Plan Woods Services, Inc. Pension Plan is a Pension Fund based in Langhorne, United States. ## Overview - **Organization type:** Pension Fund - **Headquarters:** Langhorne, United States - **Region:** North America - **Address:** Langhorne, PA, United States - **Founded:** 1958 - **Assets under management:** Undisclosed - **Website:** woods.org ## Regulatory record - **Reports private funds:** No ## About Woods Services, Inc. was founded in 1913 by Mollie Woods to advance the quality of life for people with disabilities. Based in Langhorne, Pennsylvania, it has grown into a network serving thousands of individuals through residential, educational, and therapeutic programs. The organization's single-employer defined benefit plan was established to provide qualified retirement benefits to its dedicated workforce, with a formula historically tied to years of credited service and final average compensation. The plan was frozen, meaning participants stopped accruing new benefits, shifting the long-term obligation structure and codifying a set of vested liabilities the organization must manage over decades. The pension plan operates as a traditional defined benefit arrangement, with assets held in trust for the exclusive benefit of participants and beneficiaries. Investment oversight typically falls to a retirement committee, which engages external investment consultants to recommend asset allocations aligned with a liability-driven investing framework. Known investment vehicles for plans of this size profile would include institutional commingled funds and limited partnerships rather than discrete direct investing. The plan's Form 5500 filings, submitted annually to the U.S. Department of Labor, detail its investment holdings, actuarial funding status, and service providers. Woods Services itself is a 501(c)(3) nonprofit that employs over 2,000 staff across its Pennsylvania and New Jersey campuses. The organization's adjacent activities include an affiliated foundation, the Woods Services Foundation, which manages endowments and accepts charitable contributions separate from retirement plan assets. These funds support capital projects, program innovation, and staff development rather than pension obligations, a structural separation that protects the plan's assets from organizational financial pressure. July 2024: The firm disclosed in its annual Form 5500 filing updated participant counts, actuarial assumptions, and service-provider relationships reflecting the plan's frozen status and ongoing liability management. The plan's frozen status creates a unique structural mandate: its only investment objective is to satisfy the existing liability stream without new accruals, which puts the focus squarely on funded-ratio improvement, contribution discipline, and mortality table management. Unlike open plans that must balance future benefit promises with current returns, this plan's fixed obligation schedule allows its investment committee to pursue a glidepath that systematically reduces risk as the participant population ages and benefit payments accelerate. The relationship between the plan and Woods Services' operating budget — including the organization's ability to make catch-up contributions if funded ratios decline — defines the credit risk that matters most to plan participants and their beneficiaries. ## Questions ### Does the Woods Services Pension Plan still allow new benefit accruals? No. The plan is frozen, meaning participants do not accrue additional benefits after the freeze date. Existing vested benefits remain protected and are payable at retirement age based on the formula in effect at the time of the freeze. This status significantly changes the plan's liability profile by capping future obligations. ### What is the plan's funding status and total asset pool? Detailed asset figures and funded ratios are not publicly disclosed outside regulatory filings. As a frozen single-employer plan sponsored by a midsize nonprofit, the asset pool is modest relative to public or multiemployer funds. Analysts can access the plan's Form 5500 filings through the U.S. Department of Labor's EFAST database for specific asset levels and actuarial metrics. ### What protections keep plan assets separate from Woods Services' operating budget? ERISA requires that pension plan assets be held in trust for the exclusive benefit of participants and beneficiaries, legally separating them from the employer's general assets. This means creditors of Woods Services cannot access pension funds, and the organization cannot use plan assets for operating expenses. The plan's financial health is tracked independently through annual actuarial valuations. ## Related profiles - [Woods Services](https://altss.com/profile/woods-services-inc) - [Woodside Wealth Management](https://altss.com/profile/woodside-wealth-management) --- Last updated: 2026-08-11T02:43:31.692Z Canonical page: https://altss.com/profile/woods-services-inc-pension-plan Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology