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Industry · Form 5500 business code 532400
Commercial & Industrial Machinery & Equipment Rental & Leasing: retirement plans
Plans whose sponsor entered this principal business activity code on Form 5500.
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. The business code is chosen by the filer from the list in the Form 5500 instructions.
121 retirement plans in commercial & industrial machinery & equipment rental & leasing with 100 or more participants filed Form 5500 for plan year 2024 (117 defined contribution, 4 defined benefit). All Form 5500 pension filers in the group reported 160,432 participant records and $9.75B in net assets.
The median defined contribution plan held $58,710 per participant, above the national median of $53,031, and its employer put in $2,425 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $152 per participant against $123 nationally.
Employers contributed $275M and participants $540M during the year, and the plans paid out $899M in benefits.
In 2009 the same group numbered 106 plans with $2.21B; by 2024 it was 121 plans (up 14%) and $9.75B (up 342%). From plan year 2023 the 100-participant line counts participants with account balances, which moved many plans to the short form.
Medians compared with all US plans
| Median plan, plan year 2024 | Industry: DC | US: DC | Industry: DB | US: DB |
|---|---|---|---|---|
| Net assets per participant | $58,710 | $53,031 | $34,794 | $86,234 |
| Employer contributions per active participant | $2,425 | $2,174 | $1,083 | $10,244 |
| Schedule C compensation per participant | $152 | $123 | $321 | $344 |
| Schedule C compensation, share of net assets | 0.25% | 0.26% | 0.90% | 0.42% |
| Administrative expenses per participant | $125 | $116 | $639 | $527 |
Medians across plans with 100 or more participants (110 DC and 4 DB plans with a Schedule H here). Fee medians cover plans reporting an amount. DC: defined contribution, such as 401(k) and 403(b). DB: defined benefit pension.
Distribution of DC plans
| Measure | 25th percentile | Median | 75th percentile | Plans |
|---|---|---|---|---|
| Net assets per participant | $33,216 | $58,710 | $99,847 | 110 |
| Employer contributions per active participant | $1,279 | $2,425 | $3,638 | 107 |
| Schedule C compensation per participant | $81.99 | $152 | $228 | 104 |
| Administrative expenses per participant | $54.03 | $125 | $218 | 107 |
Trend by plan year
| Plan year | Plans 100+ | Participants | Net assets | Employer contributions | Participant contributions | Median DC assets / participant | Median DC Sch. C / participant |
|---|---|---|---|---|---|---|---|
| 2025partial | 17 | 17,321 | $1.23B | $27.3M | $78.0M | $78,042 | $160 |
| 2024 | 121 | 160,432 | $9.75B | $275M | $540M | $58,710 | $152 |
| 2023 | 134 | 154,900 | $8.73B | $249M | $496M | $50,192 | $141 |
| 2022 | 148 | 141,259 | $7.28B | $300M | $435M | $43,091 | $130 |
| 2021 | 139 | 132,195 | $8.54B | $173M | $373M | $51,885 | $140 |
| 2020 | 147 | 129,712 | $7.60B | $217M | $344M | $46,373 | $133 |
| 2019 | 145 | 127,987 | $5.95B | $171M | $337M | $41,171 | $68.68 |
| 2018 | 131 | 98,423 | $4.07B | $177M | $218M | $35,075 | $68.86 |
| 2017 | 124 | 104,967 | $5.08B | $179M | $262M | $40,364 | $67.47 |
| 2016 | 124 | 103,665 | $4.51B | $118M | $239M | $38,075 | $69.78 |
| 2015 | 121 | 95,108 | $3.94B | $123M | $237M | $35,537 | $50.14 |
| 2014 | 115 | 92,229 | $3.74B | $104M | $204M | $38,337 | $45.12 |
| 2013 | 113 | 89,605 | $3.60B | $101M | $187M | $40,513 | $34.38 |
| 2012 | 108 | 87,743 | $2.90B | $110M | $165M | $34,012 | $33.77 |
| 2011 | 94 | 80,727 | $2.27B | $129M | $136M | $30,567 | $35.62 |
| 2010 | 97 | 87,500 | $2.36B | $69.5M | $134M | $29,726 | $38.44 |
| 2009 | 106 | 91,272 | $2.21B | $57.4M | $143M | $26,633 | $31.21 |
Plan year is the year in which the plan year began. The drop in large plans from 2023 follows a rule change: the 100-participant line now counts participants with account balances, so many plans moved to the short form.
Provider share
Service provider organisations named most often on the Schedule C of the 120 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 40 largest by participants of 120 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| Penske Cash Balance Benefit Plan | Penske Truck Leasing Co., L.P. | PA | DB | 35,611 | $667M | $18,737 | — | $142 |
| United Rentals 401(k) Investment Plan | United Rentals (North America), Inc. | CT | DC | 27,666 | $2.27B | $81,897 | $2,200 | $62.13 |
| Herc Rentals Income Savings Plan | Herc Rentals, Inc. | FL | DC | 8,117 | $487M | $60,055 | $3,210 | $15.84 |
| Agiliti 401(k) | Agiliti Health, Inc. | MN | DC | 7,783 | $353M | $45,382 | $1,301 | $81.31 |
| Penske Logistics Retirement Savings Plan | Penske Truck Leasing Co., LP | PA | DC | 6,503 | $360M | $55,343 | $1,643 | $43.39 |
| Equipmentshare's Retirement Savings Plan | Equipmentshare.com, Inc. | MO | DC | 5,497 | $80.3M | $14,602 | $1,004 | $39.68 |
| Empire Retirement Savings Plan | Empire Southwest LLC | AZ | DC | 4,754 | $553M | $116,397 | $2,936 | $85.66 |
| Herc Rentals Pension Plan | Herc Rentals Inc. | FL | DB | 3,309 | $118M | $35,725 | $2,720 | $321 |
| RPC, Inc. Retirement Savings Plan | RPC, Inc. | FL | DC | 3,171 | $326M | $102,831 | $7,554 | $176 |
| Airbus Americas, Inc. Manufacturing 401(k) Plan | Airbus Americas, Inc. | VA | DC | 2,235 | $99.4M | $44,471 | $6,813 | $88.41 |
| De Lage Landen Financial Services, Inc. Retirement Savings Plan | De Lage Landen Financial Services, Inc. | PA | DC | 2,155 | $492M | $228,373 | $7,409 | $120 |
| Production Resource Group 401(k) Plan | Production Resource Group, LLC | NY | DC | 2,090 | $174M | $83,072 | $1,366 | $59.00 |
| Airbus Americas, Inc. 401(k) Savings Plan | Airbus Americas, Inc. | VA | DC | 2,055 | $444M | $215,833 | $12,205 | $83.90 |
| Showpay LLC Retirement Plan | Showpay LLC | NY | DC | 1,976 | — | — | — | — |
| Rent the Runway, Inc. | Rent the Runway, Inc. | NY | DC | 1,967 | $34.8M | $17,715 | $771 | $30.28 |
| Aggreko, LLC Employees' Savings & Investment Retirement Plan | Aggreko, LLC | TX | DC | 1,966 | $217M | $110,580 | $3,578 | $121 |
| TTX Company Thrift Plan for Maintenance and Production Employees | TTX Company | NC | DC | 1,801 | $100.0M | $55,504 | $3,984 | $107 |
| McGrath Rentcorp Employee Stock Ownership and 401(k) Plan | McGrath Rentcorp | CA | DC | 1,537 | $148M | $96,257 | $2,645 | $69.02 |
| Auto-Chlor System, Inc. Profit Sharing and 401(k) Plan | Auto-Chlor System of Washington, Inc. | CA | DC | 1,252 | $90.7M | $72,462 | $3,973 | $67.62 |
| National Construction Rentals, Inc. 401(k) Profit Sharing Plan | National Construction Rentals, Inc. | CA | DC | 1,096 | $29.2M | $26,669 | $755 | $73.38 |
| Ahern 401(k) Retirement Plan | Ahern Rentals, Inc. | NV | DC | 951 | $17.6M | $18,508 | $248 | $105 |
| Mitsubishi HC Capital America, Inc. 401(k) Plan | Mitsubishi HC Capital America, Inc. | CT | DC | 912 | $152M | $166,156 | $8,222 | $32.99 |
| Greatamerica Financial Services Corporation 401(k) Profit Sharing Plan | Greatamerica Financial Services Corporation | IA | DC | 910 | $179M | $196,251 | $7,114 | $162 |
| The All Companies 401(k) Plan | All Erection & Crane Rental Corp. | OH | DC | 864 | $89.6M | $103,683 | $3,416 | $285 |
| Hugg & Hall Equipment 401(k) Profit Sharing Plan | Hugg & Hall Equipment Co. | AR | DC | 859 | $45.6M | $53,079 | $786 | $123 |
| Maxim Crane Works LP 401(k) Plan | Maxim Crane Works, LP | PA | DC | 850 | $107M | $125,371 | $3,425 | $232 |
| McNeilus Steel, Inc. 401(k) and Profit Sharing Plan | McNeilus Steel, Inc. | MN | DC | 835 | $109M | $130,052 | $4,649 | $195 |
| TTX Company Thrift Plan | TTX Company | NC | DC | 766 | $154M | $201,175 | $6,283 | $96.37 |
| Ifco Systems US 401(k) Plan | Ifco Systems US, LLC | FL | DC | 734 | $18.6M | $25,311 | $2,167 | $119 |
| Associated Supply Co., Inc. 401(k) Profit Sharing PL | Associated Supply Company, Inc. | TX | DC | 673 | $66.8M | $99,306 | $6,297 | $502 |
| Skyworks, LLC 401(k) Plan | Skyworks, LLC | NY | DC | 668 | $23.7M | $35,499 | $1,643 | — |
| Avidex Industries Savings Investment Plan | Avidex Industries, LLC | NC | DC | 660 | $58.2M | $88,206 | $1,853 | — |
| American Furniture Rentals, Inc. 401(k) Profit Sharing Plan | American Furniture Rentals, Inc. | NJ | DC | 655 | $20.4M | $31,070 | $849 | $165 |
| Ironclad Environmental Solutions 401(k) Plan | Ironclad Environmental Solutions | TX | DC | 651 | $12.8M | $19,627 | $2,909 | $126 |
| Wellbore Integrity Solutions 401(k) Plan | Wellbore Integrity Solutions LLC. | TX | DC | 589 | $28.1M | $47,724 | $2,975 | $216 |
| Infusystem Holdings, Inc. 401(k) Plan | Infusystem Holdings, Inc. | MI | DC | 565 | $31.8M | $56,309 | $2,535 | $211 |
| Peri Formwork Systems, Inc. 401(k) Plan | Peri Formwork Systems, Inc. | MD | DC | 555 | $49.6M | $89,291 | $3,041 | $139 |
| Easy Ice, LLC 401(k) and Profit Sharing Plan | Easy Ice, LLC | KS | DC | 550 | $13.4M | $24,441 | $1,268 | $112 |
| Peco Pallet Inc. 401(k) Plan | Peco Pallet Inc. | NY | DC | 507 | $23.3M | $45,968 | $2,057 | $219 |
| The Atlantic Tractor, LLC 401(k) Plan & Trust | Atlantic Tractor, LLC | MD | DC | 503 | $28.9M | $57,365 | $1,625 | $211 |
By plan size
By state
Questions and answers
How many retirement plans are there in commercial & industrial machinery & equipment rental & leasing?
121 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 210 pension plans on the full form. Smaller plans file Form 5500-SF and are counted separately where shown.
What is the typical 401(k) balance in commercial & industrial machinery & equipment rental & leasing?
The median defined contribution plan reported $58,710 in net assets per participant (middle half of plans: $33,216 to $99,847); nationally it was $53,031. This is a plan-level average that includes former employees, not a typical person's balance.
What do employers contribute in commercial & industrial machinery & equipment rental & leasing?
The median defined contribution plan received $2,425 in employer contributions per active participant, against $2,174 nationally. Plans with no employer contribution are included at zero.
What are average 401(k) fees in commercial & industrial machinery & equipment rental & leasing?
Among defined contribution plans that report any Schedule C compensation, the median was $152 per participant and 0.25% of net assets (nationally $123 and 0.26%). Schedule C leaves out fund expense ratios and fees the employer pays, so it understates total cost.
Where does this come from?
Form 5500 annual reports in the EBSA research files, with filings received through 24 Aug 2026. Medians are computed by this site across plans with 100 or more participants.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Totals count every pension plan on the full form; medians and the plan list cover plans with 100 or more participants. See the methodology.