Retirement plan

PENSKE LOGISTICS 401(K) PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES

Name: PENSKE TRUCK LEASING CO., L.P. - PENSKE LOGISTICS 401(K) PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES (2022) Form 5500
Creator: PENSKE TRUCK LEASING CO., L.P.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PENSKE LOGISTICS 401(K) PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES, PENSKE TRUCK LEASING CO., L.P.

PENSKE TRUCK LEASING CO., L.P.EIN 23-2518618Plan #011PY 2022

ROUTE #10 GREEN HILLS - READING, PA 19603610-797-6100

Other plans on this EIN

5 filings

#007Retirement-$1.02B assets #014Retirement-$618.0M assets #010Retirement-$266.5M assets #012Retirement-$72.1M assets #016Retirement-$1.5M assets

Prospect flagsWind-down / frozen

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)

$498K

-12.4% from 2019

Total participants

+2.4% from 2019

Average account balance

$8,299

-14.5% from 2019

Annual return

-17.20%

-23.82 pp from 2019

Benchmarks

See 8,683 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort8,683 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$213K

Not enough data

1 years with asset history on file

Average account balance

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

$2K

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.

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.

1450.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+9.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4763

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

0 years with F_SCH_H allocation on file

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
ASCENSUS LLC5+ years Service code 15 · EIN 11-3665754	Recordkeeping	$4,726

Plan features & details

Pension benefit codes2E2G2J2K2F2T

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).
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.

Opportunity flags

1 tripped

InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$5K

$675 / participant

Contract admin$5K100.0%

% of EOY assets

0.949%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DELOITTE & TOUCHE LLP
Auditor EIN: 133891517
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,299

$82,334-89.9%

$68,815-87.9%

$134,554-93.8%

Participation rate

71.4%

75.1%-3.6pp

69.0%+2.4pp

81.2%-9.8pp

Annual return

-17.20%

-2.17%-15.0pp

-6.37%-10.8pp

418.46%-435.7pp

Employer contribution / active EE

$3,303-100.0%

$2,656-100.0%

$4,742-100.0%

Participant deferral / active EE

$4,741-100.0%

$3,943-100.0%

$6,401-100.0%

Admin fee / account holder

$79

$6,484-98.8%

$4,936-98.4%

$11,430-99.3%

Provider

Service type

Compensation

ASCENSUS LLC5+ years

Service code 15 · EIN 11-3665754

Recordkeeping

$4,726

PENSKE LOGISTICS 401(K) PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES

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 401(K) PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES

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