401(k) · DOL Form 5500 · 2023

Priority Automotive Group 401(k) Plan

Data updated 2026-08-25

$23M
Total assets Small plan by assets
1,323
Participants Near avg headcount
75th
Percentile by assets National rank
$17,407
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Priority Automotive Group 401(k) & Profit Sharing Plan · Sponsored by Priority Automotive Group · Virginia · Retail Trade

$23M in assets, 1,323 participants

Priority Automotive Group's Priority Automotive Group 401(k) & Profit Sharing Plan reported $23M in total assets and 1,323 participants in its 2023 DOL Form 5500 filing, ranking in the 75th 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.

  • #7,109 in Retail Trade (8,414 peers)

Where Priority Automotive Group 401(k) & Profit Sharing Plan sits by assets

Priority Automotive Group 401(k) & Profit Sharing Plan sits in the top quartile of all filed plans by assets, $23M for 1,323 participants (~$17,407/participant), down 45.5% in 2023.

#7,109
in Retail Trade (8,414 peers)
-45.5%
assets change YoY
0.2×
vs typical plan assets (national mean)

The plan reported a net loss of $19M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Priority Automotive Group 401(k) & Profit Sharing Plan's outsized position by total assets

Priority Automotive Group 401(k) & Profit Sharing Plan vs every filed plan by assets

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

$23,029,352 Top 25% higher than 75% 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

Priority Automotive Group 401(k) & Profit Sharing Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Priority Automotive Group 401(k) & Profit Sharing Plan lands in the large band (1,323 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Priority Automotive Group 401(k) & Profit Sharing Plan reported net income fell from -$5M in the plan year 2022 filing to -$19M in the plan year 2023 filing.
  • Priority Automotive Group 401(k) & Profit Sharing Plan end-of-year assets fell from $42M in the plan year 2022 filing to $23M in the plan year 2023 filing.
  • Priority Automotive Group 401(k) & Profit Sharing Plan reported participants fell from 1,635 in the plan year 2022 filing to 1,323 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 540273390 · Priority Automotive Group PY 2023 · 401(k)

Priority Automotive Group 401(k) & Profit Sharing Plan · $23M · 1,323 · 75th

  • SCH $23M
  • SCH 1,323
  • SCH 75th
  • SCH 401(k)
  • SCH near The Lyons National Bank 401(k) Profit Sharing Plan
  • SCH ind #7109

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 Virginia →

Priority Automotive Group 401(k) & Profit Sharing Plan in the asset neighbourhood

Priority Automotive Group 401(k) & Profit Sharing PlanPriority Automotive Group 40…$23MThe Lyons National Bank 401(k) Profit Sharing PlanThe Lyons National Bank 401(…$23MBevilacqua Research Corporation 401(k) Plan and TrustBevilacqua Research Corporat…$23MAsset Marketing Services 401(k) Retirement PlanAsset Marketing Services 401…$23MVerisys Corporation 401(k) PlanVerisys Corporation 401(k) P…$23M
End-of-year total assets ($M) among Priority Automotive Group 401(k) & Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$42M
Net Assets (End of Year)$23M
Net Income-$19M
Employer EIN540273390
Plan Effective Date1989-01-03
Filing StatusFILING RECEIVED

Sponsor Plan History (Priority Automotive Group)

Sponsor-wide plan assets over time

All Priority Automotive Group plans reported in each filing year

Latest sponsor-wide plan assets
$21M 49.602178815990875% vs 2022
2024 filing year
$10M$20M$30M$40M$50M 202220232024 $42.2M $21.3M ▼ -49.6%
Year Plans Participants Total Assets
2022 1 1,635 $42M
2023 1 1,323 $23M
2024 1 142 $21M

Nearby 401(k) Plans in Virginia

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Priority Automotive Group 401(k) & Profit Sharing Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Priority Automotive Group 401(k) & Profit Sharing Plan, Total assets ($B): 0.023029352 · Participants: 1323Priority Automotive Group 401(k) & Profit Sharing PlanNorthrop Grumman Savings Plan, Total assets ($B): 36.173098625 · Participants: 97987Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 14.97867624 · Participants: 62467401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 11.167449098 · Participants: 48860General Dynamics Corporation 401(k) Plan 6.0Leidos, Inc. Retirement Plan, Total assets ($B): 10.583898778 · Participants: 27043Leidos, Inc. Retirement PlanBae Systems Employees' Savings and Investment Plan, Total assets ($B): 9.406287325 · Participants: 31681Bae Systems Employees' Savings and Investment Plan
Priority Automotive Group 401(k) & Profit Sharing Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Priority Automotive Group 401(k) & Profit Sharing Plan side-by-side with 3 peers →

Priority Automotive Group 401(k) & Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is The Lyons National Bank 401(k) Profit Sharing Plan in NY ($23M); by covered participants it is Ej USA, Inc. 401(k) Savings Plan in MI (1,322 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,323 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 Priority Automotive Group 401(k) & Profit Sharing Plan assets move in 2023? ▼
Priority Automotive Group 401(k) & Profit Sharing Plan contracted severely - down 45.5% during 2023, from $42M to $23M. Reported net income was -$19M.
How have Priority Automotive Group plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Priority Automotive Group's sponsor-wide assets declined 49.6%, from $42M to $21M.
Where does Priority Automotive Group 401(k) & Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Priority Automotive Group 401(k) & Profit Sharing Plan ranks in the 75th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Priority Automotive Group 401(k) & Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is The Lyons National Bank 401(k) Profit Sharing Plan in NY ($23M, 217 participants).
Which 401(k) plans cover a similar participant headcount to Priority Automotive Group 401(k) & Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Ej USA, Inc. 401(k) Savings Plan in MI (1,322 participants, $211M 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 540273390.

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.