2023 Form 5500 filing — Penske Cash Balance Benefit Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241015125756NAL0014672275001) for Penske Cash Balance Benefit Plan, reported by Penske Truck Leasing Co., L.P. under EIN 23-2518618 and plan number 014. It reports 26,108 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015125756NAL0014672275001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Penske Truck Leasing Co., L.P.
- EIN
- 23-2518618
- Plan number
- 014
- Location
- Reading, PA
- Participants
- 26,108
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $655,816,884
- Total liabilities (EOY)
- $781,470
- Net assets (EOY)
- $655,035,414
- Total income / additions
- $82,867,211
- Benefits paid
- $38,578,002
- Administrative expenses
- $6,625,215
- Total expenses
- $45,203,217
- Net increase / (decrease)
- $37,663,994
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Transamerica Retirement Solutions | RECORD KEEPER | $784,565 | not reported in the loaded dataset |
| Willis Towers Watson Us LLC | ACTUARY | $565,783 | not reported in the loaded dataset |
| Sei Investments | CONSULTANT | $305,059 | not reported in the loaded dataset |
| Fidelity Inv Inst Operations Co LLC | ADMINISTRATOR | $178,563 | not reported in the loaded dataset |
| Deloitte & Touche Llp | AUDITOR | $69,108 | not reported in the loaded dataset |
| Mercer Investment Consulting Inc. | CONSULTANT | $5,977 | not reported in the loaded dataset |