Penn Tank Lines 401(k) match, vesting and fees
What Penn Tank Lines' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Nationwide | Schedule C ↗ |
| Independent auditor | Preston and Company (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,836 defined-contribution plans in transportation and warehousing with 100 to 499 participants.
| Penn Tank Lines: employer contribution per participant | $819 | |
| Peer median | $1,076 |
| Penn Tank Lines: average balance | $38,611 | |
| Peer median | $31,804 |
| Penn Tank Lines: admin expenses ÷ assets | 0.15% | |
| Peer median | 0.46% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $4.7M at the end of plan year 2021 to $5.5M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 263 | $5.5M | $116K | $819 | 0.15% | Not published | Form 5500 ↗ |
| 2023 | 266 | $5M | $70K | $569 | 0.13% | Not published | 5500-SF ↗ |
| 2022 | 255 | $4.4M | $50K | $545 | 0.11% | Not published | Form 5500 ↗ |
| 2021 | 220 | $4.7M | $20K | $228 | 0.06% | Not published | Form 5500 ↗ |
Common questions
Does Penn Tank Lines match 401(k) contributions?
The match terms for the Penn Tank Lines, Inc 401(k) Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $116K in employer contributions, about $819 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Penn Tank Lines 401(k) match vested?
The vesting schedule for the Penn Tank Lines, Inc 401(k) Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Penn Tank Lines 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Nationwide. The plan administrator is Penn Tank Lines, Inc.
I left Penn Tank Lines. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Penn Tank Lines, Inc, (484) 713-1500) or the recordkeeper, Nationwide. The Penn Tank Lines old 401(k) page lists the contacts from every plan filing. Find an old Penn Tank Lines 401(k)
Data from the public Form 5500 annual reports Penn Tank Lines filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Penn Tank Lines. Not financial advice. Report a correction · Methodology