Defined Benefit (Pension) · DOL Form 5500 · 2022
Penske Truck Leasing Co., L.P. Pension Plan
Data updated 2026-08-11
- $618M
- Total assets
- 14,171
- Participants
- 98th
- Percentile by assets
- $43,610
- Avg per participant
Official DOL plan name: Penske Cash Balance Benefit Plan · Sponsored by Penske Truck Leasing Co., L.P. · Pennsylvania · Real Estate
$618M in assets, 14,171 participants
Penske Truck Leasing Co., L.P.'s Penske Cash Balance Benefit Plan reported $618M in total assets and 14,171 participants in its 2022 DOL Form 5500 filing, ranking in the 98th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 98th percentile by assets (of 139,126 plans)
- #5,044 in Real Estate (5,057 peers)
Coverage in Pennsylvania
Penske Cash Balance Benefit Plan covers 14,171 participants in Pennsylvania, 17x the typical Pennsylvania plan (state average ~822 per filing). Assets: $618M.
- $618M
- total plan assets (2022 EOY)
- 14,171
- covered participants
- 98th
- percentile by assets (of 139,126 plans)
- $43,610
- avg assets per participant
The plan reported a net loss of $58M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Pennsylvania filers
In Pennsylvania, the average filing covers about 822 participants across 5,751 plans. Penske Cash Balance Benefit Plan reports 14,171 participants - 17x that state average ($618M EOY assets).
Pennsylvania filing particulars
| Total Assets (Beginning of Year) | $676M |
|---|---|
| Net Assets (End of Year) | $617M |
| Net Income | -$58M |
| Employer EIN | 232518618 |
| Plan Effective Date | 1969-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Penske Truck Leasing Co., L.P.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 5 | 41,117 | $2.0B |
| 2023 | 4 | 43,770 | $2.3B |
| 2024 | 5 | 55,942 | $2.5B |
Nearby Defined Benefit (Pension) Plans in Pennsylvania
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Penske Cash Balance Benefit Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
- National Elevator Industry Pension Plan $10.4B · 27,097
- Steelworkers Pension Trust $5.9B · 52,395
- The PNC Financial Services Group, Inc. Pension Plan $5.4B · 63,731
- Constellation Retirement Program $5.4B · 5,314
- The Bank of New York Mellon Corporation Pension Plan $5.0B · 8,098
Scale composition for Penske Cash Balance Benefit Plan
Penske Cash Balance Benefit Plan reports $618M in end-of-year assets across 14,171 participants (0.005% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.015% of 93,925,755 covered participants) - about $43,610 per participant (32% of the national average assets-per-participant) . Net income for plan year 2022 was -$58M.
This plan identity (EIN 232518618, plan #014) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $618M to $668M (+8.2%) while covered participants moved from 14,171 to 20,195 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 14,171 | $618M | This page |
| 2023 | 15,110 | $656M | Open filing |
| 2024 · index core | 20,195 | $668M | Open filing |
The same sponsor also keeps 4 other index-core plans on PlainRetire:
- Penske Truck Leasing Co., L.P. Savings Retirement Plan (401(k), $1.3B, 17,512 participants)
- Penske Cash Balance Benefit Plan (Defined Benefit (Pension), $668M, 20,195 participants)
- Penske Logistics Retirement Savings Plan (401(k), $360M, 5,543 participants)
- Penske Retirement Savings Plan (401(k), $143M, 12,660 participants)
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Penske Cash Balance Benefit Plan by total assets, not by location.
- Deloitte Pension Plan for Independence (NY) $619M · N/A
- Johnson & Johnson Retirement Plan for Puerto Rico Employees (NJ) $617M · 3,256
- San Jose Market Pension Plan (TN) $620M · 1,424
- Sandvik Pension Plan (NC) $615M · 673
Frequently Asked Questions
How did Penske Cash Balance Benefit Plan assets move in 2022? ▼
How have Penske Truck Leasing Co., L.P. plan assets changed over time? ▼
Where does Penske Cash Balance Benefit Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Penske Cash Balance Benefit Plan? ▼
Next read for Penske Cash Balance Benefit Plan
Filing takeaways
Ways to act on Penske Cash Balance Benefit Plan's numbers.
- By total assets, Penske Cash Balance Benefit Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Pennsylvania. Compare plans
- Penske Truck Leasing Co., L.P.'s sponsor-wide assets have grown 27.6% since 2022 across 3 plan years on file. More Real Estate plans