Plan Snapshot
- Plan Sponsor: Penske Vehicle Services, INC.
- Sponsor EIN: 510395686
- Sponsor Address: 1225 E MAPLE, TROY, MI, 48083
- Plan Type: 401(k)
- Total Participants: 402
- Total Assets: $10.1M
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 | 402 | $10.1M | $287,741 | $1.2M |
| 2023 | 390 | $8.9M | $251,166 | $1.1M |
| 2022 | 339 | $7.6M | $205,493 | $942,257 |
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 |
|---|---|---|---|---|
| ADP, INC. | RECORD KEEPER | $70,680 | — | $70,680 |
| SECURE ASSET MANAGEMENT LLC | INVESTMENT/FINANCIAL ADVI | $23,614 | — | $23,614 |
| PLANTE & MORAN, PLLC | ACCOUNTANT | $19,500 | — | $19,500 |
| PLANTE & MORAN PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- PLANTE & MORAN, PLLC — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $113,794
- Estimated Expense Ratio: 1.126% 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 | $113,794 | $43,114 | — | — | — |
| 2023 | $100,067 | $36,164 | — | — | — |
| 2022 | $91,099 | — | — | — | — |