401(k) · DOL Form 5500 · 2024
Penske Truck Leasing Co., LP 401(k) Plan
Data updated 2026-08-25
- $143M
- Total assets Near avg plan size
- 12,660
- Participants Very large workforce
- 93rd
- Percentile by assets National rank
- $11,263
- Avg per participant Low balance/head
Official DOL plan name: Penske Retirement Savings Plan · Sponsored by Penske Truck Leasing Co., LP · Pennsylvania · Transportation & Warehousing
$143M in assets, 12,660 participants
Penske Truck Leasing Co., LP's Penske Retirement Savings Plan reported $143M in total assets and 12,660 participants in its 2024 DOL Form 5500 filing, ranking in the 93rd 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.
- #2,995 in Transportation & Warehousing (3,299 peers)
Coverage in Pennsylvania
Penske Retirement Savings Plan covers 12,660 participants in Pennsylvania, 15x the typical Pennsylvania plan (state average ~822 per filing). Assets: $143M.
- #2,995
- in Transportation & Warehousing (3,299 peers)
- +58.8%
- assets growth YoY
- 1.4×
- vs typical plan assets (national mean)
Penske Retirement Savings Plan's outsized position by total assets
Penske Retirement Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$142,592,181 Top 7% higher than 93% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Penske Retirement Savings Plan's mega-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Penske Retirement Savings Plan is a mega filing (12,660 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Penske Retirement Savings Plan end-of-year assets rose from $90M in the plan year 2023 filing to $143M in the plan year 2024 filing.
- Penske Retirement Savings Plan reported participants rose from 8,623 in the plan year 2023 filing to 12,660 in the plan year 2024 filing.
Plan-year Form 5500 strip
Filing strip 232518618 · Penske Truck Leasing Co., LP PY 2024 · 401(k)
Penske Retirement Savings Plan · $143M · 12,660 · 93rd
- SCH $143M
- EBSA 12,660
- PART 93rd
- TYPE 401(k)
- NET near Maui Jim, Inc. 401(k) Retirement and Savings Plan and Trust
- BOOK ind #2995
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 Transportation & Warehousing retirement plans → · Plans in Pennsylvania →
Penske Retirement Savings Plan in the asset neighbourhood
Pennsylvania filing particulars
| Total Assets (Beginning of Year) | $90M |
|---|---|
| Net Assets (End of Year) | $143M |
| Net Income | $18M |
| Employer EIN | 232518618 |
| Plan Effective Date | 1996-05-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Penske Truck Leasing Co., LP)
Sponsor-wide plan assets over time
All Penske Truck Leasing Co., LP 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 401(k) Plans in Pennsylvania
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Comcast Corporation Retirement - Investment Plan $19.7B · 90,495
- The Cigna Group 401(k) Plan $14.2B · 63,634
- The Vanguard Retirement and Savings Plan $11.1B · 18,066
- Thermo Fisher Scientific Inc. 401(k) Retirement Plan $10.3B · 36,150
- The PNC Financial Services Group, Inc. Incentive Savings Plan $10.2B · 54,604
Scale composition for Penske Retirement Savings Plan
Penske Retirement Savings Plan reports $143M in end-of-year assets across 12,660 participants (0.001% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.013% of 93,925,755 covered participants) - about $11,263 per participant (8% of the national average assets-per-participant) . Net income for plan year 2024 was $18M.
This plan identity (EIN 232518618, plan #012) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $72M to $143M (+97.8%) while covered participants moved from 8,410 to 12,660 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 8,410 | $72M | Open filing |
| 2023 | 8,623 | $90M | Open filing |
| 2024 · index core | 12,660 | $143M | This page |
The same sponsor also keeps 3 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's out-of-state 401(k) peers by assets and headcount
Outside Pennsylvania, the nearest 401(k) by assets is Maui Jim, Inc. 401(k) Retirement and Savings Plan and Trust in IL ($143M); by covered participants it is Verizon Savings & Security Plan for New York and New England Associates in NJ (12,658 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($143M here).
- Maui Jim, Inc. 401(k) Retirement and Savings Plan and Trust (IL) $143M · 651
- Hudson Advisors L.P. 401(k) Plan (TX) $143M · 676
- Amundsen Davis LLC 401(k) Salary Savings Plan (IL) $143M · 421
- Magnera Corporation 401(k) Savings Plan (NC) $143M · 692
Similar participant headcount
Nearest other-state filings by covered participants (12,660 participants); asset peers above are excluded.
- Verizon Savings & Security Plan for New York and New England Associates (NJ) 12,658 · 2 off
- Save Mart Companies Retirement Savings Plan (CA) 12,653 · 7 off
- Nationwide Children's Hospital Defined Contribution Plan (OH) 12,629 · 31 off
- Freedomrewards 401(k) Plan (IL) 12,627 · 33 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.