401(k) · DOL Form 5500 · 2022

Sonic Automotive, Inc. 401(k) Plan

Data updated 2026-08-11

$424M
Total assets
7,953
Participants
98th
Percentile by assets
$53,362
Avg per participant
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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.

  • 98th percentile by assets (of 139,126 plans)
  • #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.

$424M
total plan assets (2022 EOY)
7,953
covered participants
98th
percentile by assets (of 139,126 plans)
$53,362
avg assets per participant

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.

Where Sonic Automotive, Inc. 401(k) Plan & Trust sits 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

This plan $0 $2,010,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

State
North Carolina
Industry
Retail Trade

Participants vs North Carolina filers

In North Carolina, the average filing covers about 819 participants across 3,515 plans. Sonic Automotive, Inc. 401(k) Plan & Trust reports 7,953 participants - 9.7x that state average ($424M EOY assets).

North Carolina filing particulars

Total Assets (Beginning of Year)$454M
Net Assets (End of Year)$424M
Net Income-$69M
Employer EIN562010790
Plan Effective Date1994-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sonic Automotive, Inc.)

$400M$450M$500M$550M$600M 202220232024 $454M $584M ▲ +28.6%
Total plan assets by year, all Sonic Automotive, Inc. plans on file
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.

Sonic Automotive, Inc. 401(k) Plan & Trust vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -200204060 Total assets ($B) Participants Sonic Automotive, In…, Total assets ($B): 0.424385975 · Participants: 7953Sonic Automotive, In…The Bank of America …, Total assets ($B): 47.134026012 · Participants: 169036The Bank of America …Honeywell 401(k) Plan, Total assets ($B): 14.565715066 · Participants: 39007Honeywell 401(k) PlanDuke Energy Retireme…, Total assets ($B): 9.364902 · Participants: 27731Duke Energy Retireme…Truist Financial Cor…, Total assets ($B): 8.965353965 · Participants: 51871Truist Financial Cor…Lowes 401(k) Plan, Total assets ($B): 7.355936526 · Participants: 284864Lowes 401(k) Plan
Sonic Automotive, Inc. 401(k) Plan & Trust vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Sonic Automotive, Inc. 401(k) Plan & Tru… side-by-side with 3 peers →

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:

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Sonic Automotive, Inc. 401(k) Plan & Trust by total assets, not by location.

Frequently Asked Questions

How did Sonic Automotive, Inc. 401(k) Plan & Trust assets move in 2022? ▼
Sonic Automotive, Inc. 401(k) Plan & Trust pulled back noticeably - down 6.6% during 2022, from $454M to $424M. Reported net income was -$69M.
How have Sonic Automotive, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sonic Automotive, Inc.'s sponsor-wide assets grew 28.6%, from $454M to $584M.
Where does Sonic Automotive, Inc. 401(k) Plan & Trust rank by assets among Form 5500 filers? ▼
Sonic Automotive, Inc. 401(k) Plan & Trust ranks in the 98th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Sonic Automotive, Inc. 401(k) Plan & Trust? ▼
Among 401(k) plans in other states, the closest by assets is Gainwell Technologies 401(k) Plan in AK ($424M, 8,051 participants).

Next read for Sonic Automotive, Inc. 401(k) Plan & Tru…

Filing takeaways

Ways to act on Sonic Automotive, Inc. 401(k) Plan & Trust's numbers.

  • By total assets, Sonic Automotive, Inc. 401(k) Plan & Trust ranks in the top 5% of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar 401(k) plans in North Carolina. Compare plans
  • Sonic Automotive, Inc.'s sponsor-wide assets have grown 28.6% since 2022 across 3 plan years on file. More Retail Trade plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 562010790.

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.