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Retirement plan

PACCAR INC SAVINGS INVESTMENT PLAN

PACCAR INCEIN 91-0351110Plan #002PY 2023
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777 106TH AVE NE - BELLEVUE, WA 98004844-472-2227paccar.comLinkedIn10001+ employeesautomotive
Other plans on this EIN
2 filings
#001Retirement-$2.56B assets#030Retirement-$90.8M assets
Prospect flagsCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(844) 472-2227
Plan administrator signer
LETICIA CASTRO
Signed 07/26/2024
How to read this page

Summary metrics

Total assets (EOY)
$2662.8M
-11.1% from 2016
Total participants
14,893
+5.8% from 2016
Average account balance
$184,479
-12.8% from 2016
Annual return
33.51%
-32.72 pp from 2016

Benchmarks

See 93 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants>=10,000
Cohort93 peers
Snapshot2023
Participant deferral / active EE
$7,248
median $8,533
Employer contribution / active EE
$4,317
median $5,334
Participation rate
96.1%
median 96.6%
Avg account balance
$184,479
median $147,686
Admin fee / account holder
$6
median $62
Annual return
33.51%
median 18.49%
Overall peer rank
61st percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$2.89B
Average account balance
Total assets / participants with a balance (line 6g)
$207K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
13,995
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
96.8%
Contributions (total)
Employer and participant dollars contributed each year
$143.91M
Contributions per participant
Average employer and participant contribution per enrolled participant
$13K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+13.95%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$8
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 1 by compensation
ProviderService typeCompensation
FIDELITY INVESTMENTS INSTITUTIONAL7 years
Service code 37 · EIN 04-2647786
Loan Processing
$328,511

Plan features & details

Pension benefit codes2E2F2H2J2K2O2S2T3I
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2H
    Partial participant-directed account plan
    Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2K
    Code section 401(m) arrangement
    Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
  • 2O
    ESOP other than a leveraged ESOP
    Employee stock ownership plan that is not leveraged.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3I
    Employer securities investment required
    Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

1 tripped
  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II
Admin total
$86K
$7 / participant
  • Recordkeeping$326K380.4%
  • Contract admin$9K10.9%
% of EOY assets
0.003%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
ERNST & YOUNG, LLP
Auditor EIN
346365596
Audit fees
$0
Opinion code
Unqualified