PENN TANK LINES, INC 401(K) SAVINGS PLAN · CHESTER SPRINGS, PA · plan year 2024
Reported admin expense ratio · 2024
0.15%
Peer grade: B· admin costs + employer contributions vs same-size plans · how grading works
Penn Tank Lines, Inc reported $8,078 in plan administrative expenses for 2024: 0.15% of average plan assets, lower than ~75% of peers. Employer contributions averaged $521 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 2 years on file its reported administrative ratio rose from 0.11% to 0.15%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Pennsylvania (2,824th of 3,651), and 1,573rd of 2,677 in transportation & warehousing. In 2024, employees put in $4.11 for every $1.00 the employer contributed.
Plan summary
Net assets, end of year$5,482,806
Participants with balances142
Active participants223
Employer contributions$116,227
Employee contributions$477,820
Employer contribution per active participant$521
Average account balance$38,611
Benefits paid to participants$666,861
Plan auditUnmodified (clean) audit opinion
AuditorPRESTON AND COMPANY
Plan history2
Yearassets · accounts · employer contribution
2024$5.5M · 142 accts · $116K emplr
2022$4.4M · 92 accts · $50K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,078
Total administrative$8,078
The Penn Tank Lines, Inc 401(k) match · 2024
Employer contribution per active participant$521
Median for plans this size$1,313
2024$521 per active participant
2022$213 per active participant
Penn Tank Lines, Inc's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
What these fees cost you
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Source: U.S. Department of Labor, Form 5500 series, EIN 232845134 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.