Defined Benefit (Pension) · DOL Form 5500 · 2022
Penske Truck Leasing Co., L.P. Pension Plan
Data updated 2026-08-25
- $618M
- Total assets Above avg plan size
- 14,171
- Participants Very large workforce
- 98th
- Percentile by assets National rank
- $43,610
- Avg per participant Low balance/head
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.
- #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.
- #5,044
- in Real Estate (5,057 peers)
- -8.5%
- assets change YoY
- 6.2×
- vs typical plan assets (national mean)
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.
Penske Cash Balance Benefit Plan's outsized position by total assets
Penske Cash Balance Benefit Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$617,993,556 Top 2% higher than 98% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Penske Cash Balance Benefit Plan's mega-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Penske Cash Balance Benefit Plan is a mega filing (14,171 participants), the rightmost band on the breakdown.
EBSA filing schedule strip
Filing strip 232518618 · Penske Truck Leasing Co., L.P. PY 2022 · Defined Benefit (Pension)
Penske Cash Balance Benefit Plan · $618M · 14,171 · 98th
- 5500 $618M
- ASSETS 14,171
- PCT 98th
- EIN Defined Benefit (Pension)
- RANK near Deloitte Pension Plan for Independence
- PHOTO ind #5044
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Real Estate retirement plans → · Plans in Pennsylvania →
Penske Cash Balance Benefit Plan in the asset neighbourhood
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.)
Sponsor-wide plan assets over time
All Penske Truck Leasing Co., L.P. plans reported in each filing year
- Latest sponsor-wide plan assets
- $2.5B 27.55041659876019% vs 2022
- 2024 filing year
| 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.
- 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)
Penske Cash Balance Benefit Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Pennsylvania, the nearest Defined Benefit (Pension) by assets is Deloitte Pension Plan for Independence in NY ($619M); by covered participants it is Lumen Combined Pension Plan in LA (14,232 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($618M here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (14,171 participants); asset peers above are excluded.
- Lumen Combined Pension Plan (LA) 14,232 · 61 off
- I. a. T. S. E. National Pension Fund (NY) 14,278 · 107 off
- The Cchs Retirement Plan (OH) 14,345 · 174 off
- Children's Hospital Medical Center Retirement Plan (OH) 13,957 · 214 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.