401(k) · DOL Form 5500 · 2023
Penske Automotive Group, Inc. 401(k) Plan
Data updated 2026-08-11
- $933M
- Total assets
- 12,918
- Participants
- 99th
- Percentile by assets
- $72,236
- Avg per participant
Official DOL plan name: Penske Automotive Group 401(k) Savings and Retirement Plan · Sponsored by Penske Automotive Group, Inc. · Michigan · Retail Trade
$933M in assets, 12,918 participants
Penske Automotive Group, Inc.'s Penske Automotive Group 401(k) Savings and Retirement Plan reported $933M in total assets and 12,918 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.
- 99th percentile by assets (of 127,072 plans)
- #8,335 in Retail Trade (8,414 peers)
Coverage in Michigan
Penske Automotive Group 401(k) Savings and Retirement Plan covers 12,918 participants in Michigan, 20x the typical Michigan plan (state average ~638 per filing). Assets: $933M.
- $933M
- total plan assets (2023 EOY)
- 12,918
- covered participants
- 99th
- percentile by assets (of 127,072 plans)
- $72,236
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Penske Automotive Group 401(k) Savings and Retirement Plan reported net income rose from -$81M in the plan year 2022 filing to $157M in the plan year 2023 filing.
- Penske Automotive Group 401(k) Savings and Retirement Plan end-of-year assets rose from $777M in the plan year 2022 filing to $933M in the plan year 2023 filing.
- Penske Automotive Group 401(k) Savings and Retirement Plan reported participants rose from 12,881 in the plan year 2022 filing to 12,918 in the plan year 2023 filing.
Participants vs Michigan filers
In Michigan, the average filing covers about 638 participants across 4,220 plans. Penske Automotive Group 401(k) Savings and Retirement Plan reports 12,918 participants - 20x that state average ($933M EOY assets).
Michigan filing particulars
| Total Assets (Beginning of Year) | $777M |
|---|---|
| Net Assets (End of Year) | $933M |
| Net Income | $157M |
| Employer EIN | 223086739 |
| Plan Effective Date | 1998-09-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Penske Automotive Group, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 12,881 | $777M |
| 2023 | 1 | 12,918 | $933M |
| 2024 | 1 | 13,194 | $1.1B |
Nearby 401(k) Plans in Michigan
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Penske Automotive Group 401(k) Savings and Retirement Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
- General Motors Retirement Savings Plan for Salaried Employees in the United States $20.4B · 47,299
- Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees $15.6B · 30,516
- The Dow Chemical Company Employees' Savings Plan $10.1B · 18,088
- The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States $8.6B · 40,393
- Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees $7.6B · 59,195
Scale composition for Penske Automotive Group 401(k) Savings and Retirement Plan
Penske Automotive Group 401(k) Savings and Retirement Plan reports $933M in end-of-year assets across 12,918 participants (0.008% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.014% of 93,925,755 covered participants) - about $72,236 per participant (52% of the national average assets-per-participant) . Net income for plan year 2023 was $157M.
This plan identity (EIN 223086739, plan #005) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $777M to $1.1B (+36.7%) while covered participants moved from 12,881 to 13,194 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 12,881 | $777M | Open filing |
| 2023 | 12,918 | $933M | This page |
| 2024 · index core | 13,194 | $1.1B | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Penske Automotive Group 401(k) Savings and Retirement Plan (401(k), $1.1B, 13,194 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Penske Automotive Group 401(k) Savings and Retirement Plan by total assets, not by location.
- Devon Energy Corporation Incentive Savings Plan (OK) $933M · 1,858
- University of Minnesota Physicians Retirement Savings and 401(k) Plan (MN) $933M · 4,047
- Chicago Mercantile Exchange, Inc. 401(k) Savings Plan (IL) $932M · 2,282
- Littler Mendelson 401(k) Plan and Trust (CA) $932M · 2,136
Frequently Asked Questions
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Filing takeaways
Ways to act on Penske Automotive Group 401(k) Savings and Retirement Plan's numbers.
- By total assets, Penske Automotive Group 401(k) Savings and Retirement Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Michigan. Compare plans
- Penske Automotive Group, Inc.'s sponsor-wide assets have grown 36.7% since 2022 across 3 plan years on file. More Retail Trade plans