Penn Line Service, Inc. 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2020. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Penn Line Service, Inc. 401(k) Plan Facts (plan year 2020)

Plan name
PENN LINE SERVICE, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN
Plan type
401(k) and profit sharing with a company-stock (ESOP) component
Plan sponsor
PENN LINE SERVICE, INC.
Participants
2,299 (1,447 active employees)
Former employees with a balance
1,051
Plan assets
$163,492,958 at Dec 31, 2020
Average account balance
$77,928 across 2,098 accounts
Employer contributions
$6,238,268 in plan year 2020 (88% of all contributions)
Plan year
Jan 1, 2020 – Dec 31, 2020
Plan established
Apr 1, 1979
— Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments✓ Self-directed brokerage window✓ Profit sharing✓ Company stock (ESOP)

Source: Form 5500 for plan year 2020 (Jan 1, 2020 – Dec 31, 2020), filed Oct 15, 2021. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2020

  • $7.12 million went into the plan in contributions, $6.24 million of it from the employer (88%).
  • $7.93 million was paid out to participants.
  • Investment and other income added $25.5 million.
  • Administrative expenses were $3,658, about $2 per account.

How the Penn Line Service, Inc. 401(k) changed, 2015–2020

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20151,289$57.7 million$3.12 million$2.52 million
20161,369$67.1 million$3.30 million$3.56 million
20172,020$100.4 million$3.30 million$3.79 million
20181,951$104.4 million$4.66 million$3.10 million
20192,290$138.9 million$5.67 million$4.65 million
20202,299$163.5 million$6.24 million$7.93 million

Penn Line Service, Inc. 401(k) Contact Information

Phone
724-887-9110
Mailing address
300 SCOTTDALE AVENUE, SCOTTDALE PA 15683
Plan sponsor
PENN LINE SERVICE, INC.
Employer identification number (EIN)
25-1000923
Plan number
001

Questions about the Penn Line Service, Inc. 401(k)

Is the Penn Line Service, Inc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2020, and no later filing was found under this employer's EIN.

Does Penn Line Service, Inc contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500. It did report $6.24 million in employer contributions for plan year 2020.

Does the Penn Line Service, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Penn Line Service, Inc 401(k) plan?

2,299 participants at the start of plan year 2020, 1,447 of them active employees, and 1,051 former employees who still had money in the plan.

What is the average 401(k) balance at Penn Line Service, Inc?

About $77,928 per account: $163.5 million in plan assets across 2,098 accounts with a balance at the end of plan year 2020.

Who manages the Penn Line Service, Inc 401(k) accounts?

Lincoln Financial is the plan's recordkeeper, which is where participants log in to see their balance.

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