Plan Snapshot
- Plan Sponsor: Penske Truck Leasing Co., L.P.
- Sponsor EIN: 364284078
- Sponsor Address: P O BOX 563, READING, PA, 196030563
- Plan Type: 401(k)
- Total Participants: 0
- Total Assets: $0
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 | 0 | $0 | $0 | $0 |
| 2023 | 3,556 | $41.3M | $801,943 | $4.9M |
| 2022 | 3,832 | $35.3M | $699,121 | $4.5M |
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 | Recordkeeper | $372,212 | — | $372,212 |
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | — | $58,042 | $58,042 |
| MERCER | Investment Advisor | $36,000 | — | $36,000 |
| PENSKE TRUCK LEASING CO LP | Other Service Provider | — | $34,546 | $34,546 |
| PKF MUELLER, LLP | Other Service Provider | $16,284 | — | $16,284 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $517,084
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 | $38,794 | $18,000 | $20,794 | — | — |
| 2023 | $209,248 | $20,500 | $183,106 | $5,642 | — |
| 2022 | $212,588 | — | $212,588 | — | — |