# Penske Corporation 401(k) Plan
Source: https://planprovider.pro/companies/penske-corporation-401k-plan

> Penske Corporation's 401(k) plan: 91 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Penske Corporation

- **Sponsor EIN:** 231717338

- **Sponsor Address:** 2555 TELEGRAPH ROAD, BLOOMFIELD HILLS, MI, 48302

- **Plan Type:** 401(k)

- **Total Participants:** 91

- **Total Assets:** $90.9M

## 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|91|$90.9M|$567,538|$1.8M|

| 2023|84|$75.8M|$535,887|$1.6M|

| 2022|83|$66.6M|$512,944|$1.5M|

## 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|

| PRINCIPAL LIFE INSURANCE COMPANY|CONTRACT ADMINISTRATOR|$27,488|—|$27,488|

| FAEGRE DRINKER BIDDLE &|CONTRACT ADMINISTRATOR|$13,638|—|$13,638|

| USI CONSULTING GROUP|INVESTMENT ADVISORY|$11,157|—|$11,157|

| MERCER|INVESTMENT ADVISORY|$5,250|—|$5,250|

| PLANTE & MORAN, PLLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [FAEGRE DRINKER BIDDLE &](https://planprovider.pro/provider/faegre-drinker-biddle-and-reath-llp) — CONTRACT ADMINISTRATOR

- [PLANTE & MORAN, PLLC](https://planprovider.pro/provider/plante-and-moran-pllc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $57,533

- **Estimated Expense Ratio:** 0.063% of plan assets

### 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|$57,234|$16,408|$27,266|—|—|

| 2023|$22,285|—|$22,285|—|—|

| 2022|$44,884|—|$44,884|—|—|

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