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BLACK HORSE CARRIERS, INC. 401K RETIREMENT SAVINGS PLAN 401k Plan overview

Plan NameBLACK HORSE CARRIERS, INC. 401K RETIREMENT SAVINGS PLAN
Plan identification number 020

BLACK HORSE CARRIERS, INC. 401K RETIREMENT SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

PENSKE TRUCK LEASING CO., L.P. has sponsored the creation of one or more 401k plans.

Company Name:PENSKE TRUCK LEASING CO., L.P.
Employer identification number (EIN):364284078
NAIC Classification:484110
NAIC Description:General Freight Trucking, Local

Additional information about PENSKE TRUCK LEASING CO., L.P.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2012-05-14
Company Identification Number: 0801597800
Legal Registered Office Address: 1000 E WARRENVILLE RD STE 200

NAPERVILLE
United States of America (USA)
60563

More information about PENSKE TRUCK LEASING CO., L.P.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BLACK HORSE CARRIERS, INC. 401K RETIREMENT SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0202023-01-01
0202022-01-01

Plan Statistics for BLACK HORSE CARRIERS, INC. 401K RETIREMENT SAVINGS PLAN

401k plan membership statisitcs for BLACK HORSE CARRIERS, INC. 401K RETIREMENT SAVINGS PLAN

Measure Date Value
2023: BLACK HORSE CARRIERS, INC. 401K RETIREMENT SAVINGS PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-014,019
Total number of active participants reported on line 7a of the Form 55002023-01-013,556
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-01216
Total of all active and inactive participants2023-01-013,772
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-016
Total participants2023-01-013,778
Number of participants with account balances2023-01-011,114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: BLACK HORSE CARRIERS, INC. 401K RETIREMENT SAVINGS PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-014,112
Total number of active participants reported on line 7a of the Form 55002022-01-013,832
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-01181
Total of all active and inactive participants2022-01-014,013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-014
Total participants2022-01-014,017
Number of participants with account balances2022-01-011,046
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0187

Financial Data on BLACK HORSE CARRIERS, INC. 401K RETIREMENT SAVINGS PLAN

Measure Date Value
2023 : BLACK HORSE CARRIERS, INC. 401K RETIREMENT SAVINGS PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total income from all sources (including contributions)2023-12-31$11,727,134
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$5,694,560
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$5,471,378
Expenses. Certain deemed distributions of participant loans2023-12-31$13,934
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$6,105,140
Value of total assets at end of year2023-12-31$41,289,044
Value of total assets at beginning of year2023-12-31$35,256,470
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$209,248
Total interest from all sources2023-12-31$76,162
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$155,201
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$155,201
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$15,000,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$4,908,340
Participant contributions at end of year2023-12-31$1,550,517
Participant contributions at beginning of year2023-12-31$1,400,668
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$394,857
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2023-12-31$15,101
Other income not declared elsewhere2023-12-31$-465
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$6,032,574
Value of net assets at end of year (total assets less liabilities)2023-12-31$41,289,044
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$35,256,470
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Investment advisory and management fees2023-12-31$20,500
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$10,495,442
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$9,721,982
Value of interest in pooled separate accounts at end of year2023-12-31$26,138,214
Value of interest in pooled separate accounts at beginning of year2023-12-31$21,123,297
Interest on participant loans2023-12-31$76,162
Value of interest in common/collective trusts at end of year2023-12-31$2,303,664
Value of interest in common/collective trusts at beginning of year2023-12-31$2,311,735
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$1,424,676
Net investment gain/loss from pooled separate accounts2023-12-31$3,907,016
Net investment gain or loss from common/collective trusts2023-12-31$59,404
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31Yes
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$801,943
Employer contributions (assets) at end of year2023-12-31$801,207
Employer contributions (assets) at beginning of year2023-12-31$698,788
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$5,456,277
Contract administrator fees2023-12-31$183,106
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
2022 : BLACK HORSE CARRIERS, INC. 401K RETIREMENT SAVINGS PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-255,421
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$5,963,662
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$5,665,560
Expenses. Certain deemed distributions of participant loans2022-12-31$-3,074
Value of total corrective distributions2022-12-31$88,588
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$6,203,917
Value of total assets at end of year2022-12-31$35,256,470
Value of total assets at beginning of year2022-12-31$41,475,553
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$212,588
Total interest from all sources2022-12-31$54,217
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$154,782
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$154,782
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$15,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$4,508,146
Participant contributions at end of year2022-12-31$1,400,668
Participant contributions at beginning of year2022-12-31$1,578,638
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$996,650
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2022-12-31$541
Other income not declared elsewhere2022-12-31$321
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-6,219,083
Value of net assets at end of year (total assets less liabilities)2022-12-31$35,256,470
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$41,475,553
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$9,721,982
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$12,963,499
Value of interest in pooled separate accounts at end of year2022-12-31$21,123,297
Value of interest in pooled separate accounts at beginning of year2022-12-31$24,233,299
Interest on participant loans2022-12-31$54,217
Value of interest in common/collective trusts at end of year2022-12-31$2,311,735
Value of interest in common/collective trusts at beginning of year2022-12-31$1,958,911
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-2,422,181
Net investment gain/loss from pooled separate accounts2022-12-31$-4,286,742
Net investment gain or loss from common/collective trusts2022-12-31$40,265
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$699,121
Employer contributions (assets) at end of year2022-12-31$698,788
Employer contributions (assets) at beginning of year2022-12-31$741,206
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$5,665,019
Contract administrator fees2022-12-31$212,588
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31CHERRY BEKAERT LLP
Accountancy firm EIN2022-12-31560574444

Form 5500 Responses for BLACK HORSE CARRIERS, INC. 401K RETIREMENT SAVINGS PLAN

2023: BLACK HORSE CARRIERS, INC. 401K RETIREMENT SAVINGS PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement – InsuranceYes
2023-01-01Plan benefit arrangement - TrustYes
2022: BLACK HORSE CARRIERS, INC. 401K RETIREMENT SAVINGS PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedYes
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number443769
Policy instance 1
Insurance contract or identification number443769
Number of Individuals Covered3778
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number443769
Policy instance 1
Insurance contract or identification number443769
Number of Individuals Covered4017
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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