Retirement plan

PENSKE LOGISTICS RETIREMENT SAVINGS PLAN

Name: PENSKE TRUCK LEASING CO., LP - PENSKE LOGISTICS RETIREMENT SAVINGS PLAN (2016) Form 5500
Creator: PENSKE TRUCK LEASING CO., LP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PENSKE LOGISTICS RETIREMENT SAVINGS PLAN, PENSKE TRUCK LEASING CO., LP

PENSKE TRUCK LEASING CO., LPEIN 23-2518618Plan #010PY 2016

PO BOX 563, RT 10 GREEN HILLS - READING, PA 196030563610-775-6000

Other plans on this EIN

7 filings

#007Retirement-$739.3M assets #009Retirement-$341.9M assets #012Retirement-$30.8M assets #013Retirement-$25.6M assets #008Retirement-$2.7M assets #016Retirement-$1.8M assets #001Retirement-$562K assets

Prospect flagsLow participation

Top hat statement on fileNQDC

Filed July 7, 2016 (most recent of 2 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

Route 10 Green Hills, P.O. Box 563

Reading State: PA Zip Code: 19603

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Plans declared (1)

Plan name not on file10 emp

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Total assets (EOY)

$182M

-6.1% from 2016

Total participants

6,663

-12.8% from 2016

Average account balance

$54,619

-3.2% from 2016

Annual return

7.19%

-5.75 pp from 2016

Benchmarks

See 1,068 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants5,000-9,999

Cohort1,068 peers

Snapshot2016

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$359.95M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$87K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

4,146

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

57.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$30.60M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+17.50%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$35

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.2+ years Service code 15 · EIN 94-1347393	Recordkeeping	$196,149
KPMG LLP2+ years Filed as: KPMG, LLP Service code 10 · EIN 13-5565207	Accounting	$104,286
MERCER2+ years Filed as: MERCER INVESTMENT CONSULTING Service code 50 · EIN 13-2834414	Direct Payment	$41,509

Plan features & details

Pension benefit codes2E2G2J2K2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all 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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$326K

$57 / participant

Other / not subdivided$326K100.0%

% of EOY assets

0.179%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: KPMG, LLP
Auditor EIN: 135565207
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,619

$65,292-16.3%

$171,082-68.1%

$65,292-16.3%

Participation rate

42.2%

72.4%-30.2pp

76.7%-34.5pp

72.4%-30.2pp

Annual return

7.19%

11.84%-4.7pp

32.56%-25.4pp

11.84%-4.7pp

Employer contribution / active EE

$825

$2,302-64.2%

$4,002-79.4%

$2,302-64.2%

Participant deferral / active EE

$1,781

$3,579-50.2%

$4,797-62.9%

$3,579-50.2%

Admin fee / account holder

$98

$57+70.7%

$8,520-98.9%

$57+70.7%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.2+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$196,149

KPMG LLP2+ years

Filed as: KPMG, LLP

Service code 10 · EIN 13-5565207

Accounting

$104,286

MERCER2+ years

Filed as: MERCER INVESTMENT CONSULTING

Service code 50 · EIN 13-2834414

Direct Payment

$41,509

PENSKE LOGISTICS RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PENSKE LOGISTICS RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion