Penske Cash Balance Benefit Plan — Form 5500 plan (Penske Truck Leasing Co., L.P.)
Plain-English plan 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, Penske Cash Balance Benefit Plan is a benefit plan reported by Penske Truck Leasing Co., L.P. under EIN 23-2518618 and plan number 014. The latest loaded filing year is 2023. The filing reports 26,108 participants and $655,816,884 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Penske Truck Leasing Co., L.P.
- EIN
- 23-2518618
- Plan number
- 014
- Plan type
- 2
- Location
- Reading, PA
- Latest filing year
- 2023
- Participants
- 26,108
- End-of-year plan assets
- $655,816,884
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 26,108 | H, C | 20241015125756NAL0014672275001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $655,816,884
- Total liabilities (EOY)
- $781,470
- Net assets (EOY)
- $655,035,414
- Net assets (BOY)
- $617,371,420
Income & contributions
- Total contributions
- $0
- Total income / additions
- $82,867,211
Expenses & distributions
- Benefits paid
- $38,578,002
- Administrative expenses
- $6,625,215
- Total expenses
- $45,203,217
- Net increase / (decrease)
- $37,663,994
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Transamerica Retirement Solutions | RECORD KEEPER | $784,565 | not reported in the loaded dataset | 2023 |
| Willis Towers Watson Us LLC | ACTUARY | $565,783 | not reported in the loaded dataset | 2023 |
| Sei Investments | CONSULTANT | $305,059 | not reported in the loaded dataset | 2023 |
| Fidelity Inv Inst Operations Co LLC | ADMINISTRATOR | $178,563 | not reported in the loaded dataset | 2023 |
| Deloitte & Touche Llp | AUDITOR | $69,108 | not reported in the loaded dataset | 2023 |
| Mercer Investment Consulting Inc. | CONSULTANT | $5,977 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Penske Truck Leasing Co., L.P.
- 2023 Form 5500 filing
- Form 5500 filings in PA
- 401(k) and benefit plan filings in Reading, PA
- Transamerica Retirement Solutions — Schedule C compensation
- Willis Towers Watson Us LLC — Schedule C compensation
- Sei Investments — Schedule C compensation
- Fidelity Inv Inst Operations Co LLC — Schedule C compensation
- Deloitte & Touche Llp — Schedule C compensation
- Mercer Investment Consulting Inc. — Schedule C compensation