Plan Snapshot
- Plan Sponsor: Penn Tank Lines, INC
- Sponsor EIN: 232845134
- Sponsor Address: 300 LOINSVILLE STATION RD, CHESTER SPRINGS, PA, 19425
- Plan Type: 401(k)
- Total Participants: 223
- Total Assets: $5.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 223 | $5.5M | $116,227 | $477,820 |
| 2023 | 123 | $5.0M | $70,028 | $375,522 |
| 2022 | 235 | $4.4M | $50,113 | $357,303 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PRESTON AND COMPANY | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $8,078 | — | $7,940 | — | — |
| 2023 | — | — | — | — | — |
| 2022 | $4,845 | — | $4,845 | — | — |