Retirement plan

PENN TANK LINES, INC 401(K) SAVINGS PLAN

Name: PENN TANK LINES, INC - PENN TANK LINES, INC 401(K) SAVINGS PLAN (2024) Form 5500
Creator: PENN TANK LINES, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PENN TANK LINES, INC 401(K) SAVINGS PLAN, PENN TANK LINES, INC

PENN TANK LINES, INCEIN 23-2845134Plan #001PY 2024

300 LOINSVILLE STATION RD - CHESTER SPRINGS, PA 19425484-713-1500penntanklines.comLinkedIn201-500 employeestransportation/trucking/railroad

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$5.5M

+10.6% from 2023

Total participants

263

-1.1% from 2023

Average account balance

$38,611

-4.2% from 2023

Annual return

12.02%

-1.55 pp from 2023

Benchmarks

See 1,225 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,225 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.48M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

142

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.

45.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$594K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$57

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

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

Service providers

Top 8 by compensation

Provider	Service type	Compensation
NATIONWIDE10+ years Service code 15 · EIN 31-4177100 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$19,056
INTAC ACTUARIAL SERVICES1 year Filed as: INTAC ACTUARIAL SERVICES INC Service code 15 · EIN 22-2446239 PO BOX 55970 · BOSTON, MA 02205	Recordkeeping	$4,465
BRINKER CAPITAL3 years Filed as: BRINKER CAPITAL INVESTMENTS Service code 26 · EIN 13-4109249 17605 WRITE ST · OMAHA, NE 68130	Advisory (Participants)	$3,999
INTAC ACTUARIAL SERVICES8 years Filed as: INTAC ACTUARIAL SERVICES INC. Service code 15 · EIN 22-2446239 PO BOX 55970 · BOSTON, MA 02205	Recordkeeping	$0
LINCOLN NATIONAL CORPORATION1 year Filed as: LINCOL FINANCIAL ADVISORS CORP Service code 26 · EIN 35-4109249 1301 S CLINTON ST SUITE 150 · FORT WAYNE, PA 46802	Advisory (Participants)	$0
LINCOLN NATIONAL CORPORATION8 years Filed as: LINCOLN FINANCIAL ADVISORS COR Service code 26 · EIN 35-4109249 1301 S CLINTON ST SUITE 150 · FORT WAYNE, IN 46802	Advisory (Participants)	$0
LINCOLN NATIONAL CORPORATION10+ years Filed as: LINCOLN FINANCIAL ADVISORS CORP Service code 26 · EIN 35-1151034 1301 S CLINTON ST SUITE 150 · FORT WANE, IN 46802	Advisory (Participants)	$0
OSAIC WEALTH INC1 year Filed as: OSAIC FA INC Service code 26 · EIN 35-1151034 1301 S CLINTON ST STE 150 · FORT WAYNE, PA 46802	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D2T

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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

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

$8K

$36 / participant

Recordkeeping$1381.7%
Contract admin$8K98.3%

% of EOY assets

0.147%

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: PRESTON AND COMPANY
Auditor EIN: 232022858
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,611

$54,690-29.4%

$76,030-49.2%

$74,478-48.2%

Participation rate

45.7%

60.3%-14.6pp

69.1%-23.3pp

67.2%-21.5pp

Annual return

12.02%

31.92%-19.9pp

361.54%-349.5pp

1370.56%-1358.5pp

Employer contribution / active EE

$521

$1,781-70.7%

$2,688-80.6%

$2,626-80.2%

Participant deferral / active EE

$2,143

$3,070-30.2%

$4,257-49.7%

$4,350-50.7%

Admin fee / account holder

$57

$2,240-97.5%

$6,421-99.1%

$1,946-97.1%

Provider

Service type

Compensation

NATIONWIDE10+ years

Service code 15 · EIN 31-4177100

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$19,056

INTAC ACTUARIAL SERVICES1 year

Filed as: INTAC ACTUARIAL SERVICES INC

Service code 15 · EIN 22-2446239

PO BOX 55970 · BOSTON, MA 02205

Recordkeeping

$4,465

BRINKER CAPITAL3 years

Filed as: BRINKER CAPITAL INVESTMENTS

Service code 26 · EIN 13-4109249

17605 WRITE ST · OMAHA, NE 68130

Advisory (Participants)

$3,999

INTAC ACTUARIAL SERVICES8 years

Filed as: INTAC ACTUARIAL SERVICES INC.

Service code 15 · EIN 22-2446239

PO BOX 55970 · BOSTON, MA 02205

Recordkeeping

LINCOLN NATIONAL CORPORATION1 year

Filed as: LINCOL FINANCIAL ADVISORS CORP

Service code 26 · EIN 35-4109249

1301 S CLINTON ST SUITE 150 · FORT WAYNE, PA 46802

Advisory (Participants)

LINCOLN NATIONAL CORPORATION8 years

Filed as: LINCOLN FINANCIAL ADVISORS COR

Service code 26 · EIN 35-4109249

1301 S CLINTON ST SUITE 150 · FORT WAYNE, IN 46802

Advisory (Participants)

LINCOLN NATIONAL CORPORATION10+ years

Filed as: LINCOLN FINANCIAL ADVISORS CORP

Service code 26 · EIN 35-1151034

1301 S CLINTON ST SUITE 150 · FORT WANE, IN 46802

Advisory (Participants)

OSAIC WEALTH INC1 year

Filed as: OSAIC FA INC

Service code 26 · EIN 35-1151034

1301 S CLINTON ST STE 150 · FORT WAYNE, PA 46802

Advisory (Participants)

PENN TANK LINES, INC 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PENN TANK LINES, INC 401(K) SAVINGS PLAN

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