Defined Benefit (Pension) · DOL Form 5500 · 2024

Penske Truck Leasing Co., L.P. Pension Plan

Data updated 2026-08-06

$668M
Total assets: 20,195
Participants: 98th
Percentile by assets: $33,100
Avg per participant

Official DOL plan name: Penske Cash Balance Benefit Plan · Sponsored by Penske Truck Leasing Co., L.P. · Pennsylvania · Real Estate

$668M in assets, 20,195 participants

Penske Truck Leasing Co., L.P.'s Penske Cash Balance Benefit Plan reported $668M in total assets and 20,195 participants in its 2024 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 116,472 plans)

Coverage in Pennsylvania

Penske Cash Balance Benefit Plan covers 20,195 participants in Pennsylvania, 24x the typical Pennsylvania plan (state average ~824 per filing). Assets: $668M.

$668M
total plan assets (2024 EOY): 20,195
covered participants: 98th
percentile by assets (of 116,472 plans): $33,100
avg assets per participant

Penske Cash Balance Benefit Plan reported net income fell from $38M in the plan year 2023 filing to $12M in the plan year 2024 filing.
Penske Cash Balance Benefit Plan reported participants rose from 15,110 in the plan year 2023 filing to 20,195 in the plan year 2024 filing.
Penske Cash Balance Benefit Plan end-of-year assets rose from $656M in the plan year 2023 filing to $668M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Pennsylvania

Industry

Real Estate

Participants vs Pennsylvania filers

In Pennsylvania, the average filing covers about 824 participants across 5,360 plans. Penske Cash Balance Benefit Plan reports 20,195 participants - 24x that state average ($668M EOY assets).

Pennsylvania filing particulars

Total Assets (Beginning of Year)	$656M
Net Assets (End of Year)	$667M
Net Income	$12M
Employer EIN	232518618
Plan Effective Date	1969-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Penske Truck Leasing Co., L.P.)

Total plan assets by year, all Penske Truck Leasing Co., L.P. plans on file

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

Steelworkers Pension Trust $7.2B · 46,110
The PNC Financial Services Group, Inc. Pension Plan $5.5B · 58,779
The Bank of New York Mellon Corporation Pension Plan $5.2B · 6,387
Constellation Retirement Program $5.0B · 4,809
Eastern Atlantic States Carpenters Pension Fund $5.0B · 12,421

Compare Penske Cash Balance Benefit Plan side-by-side with 3 peers →

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.

Sanofi US Group Pension Plan (NJ) $668M · 1,139
Adm Retirement Plan (IL) $667M · 8,042
Scana Corporation Retirement Plan (VA) $670M · 2,655
IBEW Local 1249 Pension Plan (NY) $665M · 3,243

Frequently Asked Questions

How did Penske Cash Balance Benefit Plan assets move in 2024? ▼

Penske Cash Balance Benefit Plan edged up modestly - up 1.9% during 2024, from $656M to $668M. Reported net income was $12M.

How have Penske Truck Leasing Co., L.P. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Penske Truck Leasing Co., L.P.'s sponsor-wide assets grew 27.6%, from $2.0B to $2.5B.

Where does Penske Cash Balance Benefit Plan rank by assets among Form 5500 filers? ▼

Penske Cash Balance Benefit Plan ranks in the 98th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).

Which Defined Benefit (Pension) plans are similar in size to Penske Cash Balance Benefit Plan? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Sanofi US Group Pension Plan in NJ ($668M, 1,139 participants).

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

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 232518618.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.