Penske Truck Leasing Co., L.P.401(k)
PENSKE TRUCK LEASING CO., L.P. SAVINGS RETIREMENT PLAN · READING, PA · plan year 2024
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Penske Truck Leasing Co., L.P. reported $277,681 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,827 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 0.01% to 0.02%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 55th-largest of 3,651 plans among Pennsylvania employers on file, and the 30th of 2,677 in transportation & warehousing. In 2024, employees put in $2.16 for every $1.00 the employer contributed; active participation has grown from 14,569 to 16,969 since 2022.
Penske Truck Leasing Co., L.P.'s 2024 employer contribution ran below the $5,259 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 232518618 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.