401(k) · DOL Form 5500 · 2022
Sonic Automotive, Inc. 401(k) Plan
Data updated 2026-08-25
- $424M
- Total assets Above avg plan size
- 7,953
- Participants Very large workforce
- 98th
- Percentile by assets National rank
- $53,362
- Avg per participant Low balance/head
Official DOL plan name: Sonic Automotive, Inc. 401(k) Plan & Trust · Sponsored by Sonic Automotive, Inc. · North Carolina · Retail Trade
$424M in assets, 7,953 participants
Sonic Automotive, Inc.'s Sonic Automotive, Inc. 401(k) Plan & Trust reported $424M in total assets and 7,953 participants in its 2022 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.
- #9,384 in Retail Trade (9,519 peers)
Coverage in North Carolina
Sonic Automotive, Inc. 401(k) Plan & Trust covers 7,953 participants in North Carolina, 9.7x the typical North Carolina plan (state average ~819 per filing). Assets: $424M.
- #9,384
- in Retail Trade (9,519 peers)
- -6.6%
- assets change YoY
- 4.3×
- vs typical plan assets (national mean)
The plan reported a net loss of $69M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Sonic Automotive, Inc. 401(k) Plan & Trust's outsized position by total assets
Sonic Automotive, Inc. 401(k) Plan & Trust vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$424,385,975 Top 2% higher than 98% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Sonic Automotive, Inc. 401(k) Plan & Trust's large-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sonic Automotive, Inc. 401(k) Plan & Trust lands in the large band (7,953 participants).
DOL schedule card
Filing strip 562010790 · Sonic Automotive, Inc. PY 2022 · 401(k)
Sonic Automotive, Inc. 401(k) Plan & Trust · $424M · 7,953 · 98th
- ASSETS $424M
- PCT 7,953
- EIN 98th
- RANK 401(k)
- PHOTO near Gainwell Technologies 401(k) Plan
- IND ind #9384
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 Retail Trade retirement plans → · Plans in North Carolina →
Sonic Automotive, Inc. 401(k) Plan & Trust in the asset neighbourhood
North Carolina filing particulars
| Total Assets (Beginning of Year) | $454M |
|---|---|
| Net Assets (End of Year) | $424M |
| Net Income | -$69M |
| Employer EIN | 562010790 |
| Plan Effective Date | 1994-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sonic Automotive, Inc.)
Sponsor-wide plan assets over time
All Sonic Automotive, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $584M 28.622099585426508% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 8,306 | $454M |
| 2023 | 2 | 8,467 | $523M |
| 2024 | 2 | 8,872 | $584M |
Nearby 401(k) Plans in North Carolina
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- The Bank of America 401(k) Plan $47.1B · 169,036
- Honeywell 401(k) Plan $14.6B · 39,007
- Duke Energy Retirement Savings Plan $9.4B · 27,731
- Truist Financial Corporation 401(k) Savings Plan $9.0B · 51,871
- Lowes 401(k) Plan $7.4B · 284,864
Scale composition for Sonic Automotive, Inc. 401(k) Plan & Trust
Sonic Automotive, Inc. 401(k) Plan & Trust reports $424M in end-of-year assets across 7,953 participants (0.003% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 covered participants) - about $53,362 per participant (39% of the national average assets-per-participant) . Net income for plan year 2022 was -$69M.
This plan identity (EIN 562010790, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $424M to $548M (+29.2%) while covered participants moved from 7,953 to 8,469 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 7,953 | $424M | This page |
| 2023 | 8,078 | $491M | Open filing |
| 2024 · index core | 8,469 | $548M | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Sonic Automotive, Inc. 401(k) Plan (401(k), $548M, 8,469 participants)
Sonic Automotive, Inc. 401(k) Plan & Trust's out-of-state 401(k) peers by assets and headcount
Outside North Carolina, the nearest 401(k) by assets is Gainwell Technologies 401(k) Plan in AK ($424M); by covered participants it is Wl Gore & Associates, Inc. 401(k) Plan in DE (7,952 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($424M here).
- Gainwell Technologies 401(k) Plan (AK) $424M · 8,051
- Local 52 401 (K) Fund (NY) $424M · 5,574
- Ion Group 401(k) Plan (NY) $425M · 1,273
- Cargill Investment Plan (MN) $424M · 10,391
Similar participant headcount
Nearest other-state filings by covered participants (7,953 participants); asset peers above are excluded.
- Wl Gore & Associates, Inc. 401(k) Plan (DE) 7,952 · 1 off
- Steris Corporation 401(k) Plan (OH) 7,956 · 3 off
- Summit City Md 401(k) Plan (NY) 7,959 · 6 off
- Johnson Controls Select Hourly Retirement Savings and Investment Plan (WI) 7,944 · 9 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.