401(k) · DOL Form 5500 · 2023

Penske Automotive Group, Inc. 401(k) Plan

Data updated 2026-08-25

$933M
Total assets Above avg plan size
12,918
Participants Very large workforce
99th
Percentile by assets National rank
$72,236
Avg per participant Below avg balance/head
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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.

  • #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.

#8,335
in Retail Trade (8,414 peers)
+20.2%
assets growth YoY
9.4×
vs typical plan assets (national mean)

Penske Automotive Group 401(k) Savings and Retirement Plan's outsized position by total assets

Penske Automotive Group 401(k) Savings and Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$933,143,066 Top 1% higher than 99% of 127,068 filed plans

This plan $0 $2,050,000,000 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 2023

Penske Automotive Group 401(k) Savings and Retirement Plan's mega-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Penske Automotive Group 401(k) Savings and Retirement Plan is a mega filing (12,918 participants), the rightmost band on the breakdown.

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.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 223086739 · Penske Automotive Group, Inc. PY 2023 · 401(k)

Penske Automotive Group 401(k) Savings and Retirement Plan · $933M · 12,918 · 99th

  • NET $933M
  • NET 12,918
  • NET 99th
  • NET 401(k)
  • NET near Devon Energy Corporation Incentive Savings Plan
  • NET ind #8335

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 Michigan →

Penske Automotive Group 401(k) Savings and Retirement Plan in the asset neighbourhood

Penske Automotive Group 401(k) Savings and Retirement PlanPenske Automotive Group 401(…$933MDevon Energy Corporation Incentive Savings PlanDevon Energy Corporation Inc…$933MUniversity of Minnesota Physicians Retirement Savings and 401(k) PlanUniversity of Minnesota Phys…$933MChicago Mercantile Exchange, Inc. 401(k) Savings PlanChicago Mercantile Exchange,…$932MLittler Mendelson 401(k) Plan and TrustLittler Mendelson 401(k) Pla…$932M
End-of-year total assets ($M) among Penske Automotive Group 401(k) Savings and Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Michigan filing particulars

Total Assets (Beginning of Year)$777M
Net Assets (End of Year)$933M
Net Income$157M
Employer EIN223086739
Plan Effective Date1998-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Penske Automotive Group, Inc.)

Sponsor-wide plan assets over time

All Penske Automotive Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$1.1B 36.70962701600883% vs 2022
2024 filing year
$0.7B$0.8B$0.9B$1B$1.1B 202220232024 $0.78B $1.06B ▲ +35.9%
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 Scatter plot of 6 data points. 020000400006000080000 -50510152025 Total assets ($B) Participants Penske Automotive Group 401(k) Savings and Retirement Plan, Total assets ($B): 0.933143066 · Participants: 12918Penske Automotive Group 401(k) Savings and Retirement PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 20.378449285 · Participants: 47299General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 15.588575271 · Participants: 30516Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.084842211 · Participants: 18088The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 8.580684909 · Participants: 40393The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 7.617084451 · Participants: 59195Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Penske Automotive Group 401(k) Savings and Retirement Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Penske Automotive Group 401(k) Savings and Retirement Plan side-by-side with 3 peers →

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's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Devon Energy Corporation Incentive Savings Plan in OK ($933M); by covered participants it is Baker Hughes Company 401(k) Plan in TX (12,917 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (12,918 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Penske Automotive Group 401(k) Savings and Retirement Plan assets move in 2023? ▼
Penske Automotive Group 401(k) Savings and Retirement Plan grew sharply - up 20.2% during 2023, from $777M to $933M. Reported net income was $157M.
How have Penske Automotive Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Penske Automotive Group, Inc.'s sponsor-wide assets grew 36.7%, from $777M to $1.1B.
Where does Penske Automotive Group 401(k) Savings and Retirement Plan rank by assets among Form 5500 filers? ▼
Penske Automotive Group 401(k) Savings and Retirement Plan ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Penske Automotive Group 401(k) Savings and Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Devon Energy Corporation Incentive Savings Plan in OK ($933M, 1,858 participants).
Which 401(k) plans cover a similar participant headcount to Penske Automotive Group 401(k) Savings and Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Baker Hughes Company 401(k) Plan in TX (12,917 participants, $3.7B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 223086739.

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.