Employer · plans filed under one EIN
Penske Truck Leasing Co., L.P.
Reading, PA · Real estate and rental and leasing
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
5 retirement plans with 100 or more participants file Form 5500 under Penske Truck Leasing Co., L.P.'s employer identification number (Reading, Pennsylvania). Their latest filings total 75,420 participant records and $2.52B in net assets.
The largest is Penske Cash Balance Benefit Plan, a cash balance pension plan with 35,611 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $44.4M and participant contributions $106M in the latest plan years; benefits paid were $240M. Schedule C compensation reported to service provider organisations totalled $6.2M.
Combined net assets moved from $611M in 2009 to $2.52B in 2024 (up 312%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| Penske Cash Balance Benefit Plan | cash balance pension plan | 2024 | 35,611 | $667M | $18,737 | — | $5.1M |
| Penske Truck Leasing Co., L.P. Savings Retirement Plan | 401(k) plan | 2024 | 19,361 | $1.35B | $69,521 | $1,827 | $693K |
| Penske Retirement Savings Plan | 401(k) plan | 2024 | 13,779 | $143M | $10,349 | $339 | $40K |
| Penske Logistics Retirement Savings Plan | 401(k) plan | 2024 | 6,503 | $360M | $55,343 | $1,643 | $282K |
| Penske Truck Leasing Co., LP Hourly Pension Plan | defined benefit pension plan | 2024 | 166 | $3.5M | $20,847 | — | $150K |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2024 | 5 | 75,420 | $2.52B | $44.4M | $106M |
| 2023 | 4 | 70,004 | $2.27B | $39.6M | $89.4M |
| 2022 | 4 | 59,051 | $1.97B | $124M | $82.5M |
| 2021 | 4 | 54,097 | $2.31B | $32.7M | $72.9M |
| 2020 | 5 | 53,933 | $2.08B | $77.5M | $62.5M |
| 2019 | 4 | 31,295 | $1.28B | $28.8M | $59.9M |
| 2018 | 4 | 29,381 | $1.07B | $24.2M | $53.1M |
| 2017 | 4 | 26,425 | $1.10B | $23.9M | $46.0M |
| 2016 | 4 | 25,455 | $955M | $21.7M | $42.3M |
| 2015 | 4 | 22,061 | $890M | $19.8M | $38.3M |
| 2014 | 4 | 21,549 | $890M | $17.5M | $34.1M |
| 2013 | 4 | 20,612 | $845M | $16.6M | $31.4M |
| 2012 | 4 | 19,460 | $711M | $15.4M | $30.3M |
| 2011 | 4 | 19,072 | $646M | $9.1M | $28.1M |
| 2010 | 4 | 21,440 | $640M | $1.3M | $25.8M |
| 2009 | 4 | 21,043 | $611M | $3.8M | $27.7M |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Fidelity Inv Inst Operations Co. LLC | Plan Administrator | 1 | $4,636,265 |
| Principal Life Insurance Company | Contract Administrator; Participant loan processing | 3 | $796,607 |
| Willis Towers Watson US LLC | Actuarial; Consulting (pension) | 1 | $380,696 |
| Deloitte & Touche LLP | Accounting (including auditing) | 4 | $175,877 |
| Mercer | Investment advisory (plan) | 2 | $110,662 |
| PWC US Consulting LLP | Actuarial | 1 | $103,340 |
| Mercer | Investment advisory (plan) | 1 | $15,510 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does Penske Truck Leasing Co., L.P. have?
5 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: Penske Cash Balance Benefit Plan, Penske Truck Leasing Co., L.P. Savings Retirement Plan, Penske Retirement Savings Plan and Penske Logistics Retirement Savings Plan and others. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does Penske Truck Leasing Co., L.P. contribute to its plans?
$44,438,423 in employer contributions across these plans in their latest plan years, about $754 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Fidelity Inv Inst Operations Co. LLC, Principal Life Insurance Company, Willis Towers Watson US LLC and Deloitte & Touche LLP and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.