Plan Snapshot
- Plan Sponsor: Penske Racing South, INC.
- Sponsor EIN: 223024255
- Sponsor Address: 200 PENSKE WAY, MOORESVILLE, NC, 281150500
- Plan Type: 401(k)
- Total Participants: 439
- Total Assets: $82.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 439 | $82.0M | $1.2M | $4.0M |
| 2023 | 423 | $74.9M | $1.1M | $3.6M |
| 2022 | 401 | $65.9M | $880,695 | $3.3M |
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 | Recordkeeper | $149,879 | — | $149,879 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $149,879
- Estimated Expense Ratio: 0.183% 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 | $148,305 | — | $148,305 | — | — |
| 2023 | $129,613 | — | $129,613 | — | — |
| 2022 | $168,026 | — | $168,026 | — | — |