401(k) · DOL Form 5500 · 2024

Penske Automotive Group, Inc. 401(k) Plan

Data updated 2026-08-25

$1.1B
Total assets Very large vs avg
13,194
Participants Very large workforce
99th
Percentile by assets National rank
$80,465
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

$1.1B in assets, 13,194 participants

Penske Automotive Group, Inc.'s Penske Automotive Group 401(k) Savings and Retirement Plan reported $1.1B in total assets and 13,194 participants in its 2024 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.

  • #7,977 in Retail Trade (8,048 peers)

Coverage in Michigan

Penske Automotive Group 401(k) Savings and Retirement Plan covers 13,194 participants in Michigan, 21x the typical Michigan plan (state average ~638 per filing). Assets: $1.1B.

#7,977
in Retail Trade (8,048 peers)
+13.8%
assets growth YoY
11×
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 2024 · DOL Form 5500

$1,061,655,121 Top 1% higher than 99% of 123,620 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 2024

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

Plan-year 2024 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 (13,194 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Penske Automotive Group 401(k) Savings and Retirement Plan reported net income fell from $157M in the plan year 2023 filing to $128M in the plan year 2024 filing.
  • Penske Automotive Group 401(k) Savings and Retirement Plan end-of-year assets rose from $933M in the plan year 2023 filing to $1.1B in the plan year 2024 filing.
  • Penske Automotive Group 401(k) Savings and Retirement Plan reported participants rose from 12,918 in the plan year 2023 filing to 13,194 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 223086739 · Penske Automotive Group, Inc. PY 2024 · 401(k)

Penske Automotive Group 401(k) Savings and Retirement Plan · $1.1B · 13,194 · 99th

  • EOY $1.1B
  • 5500 13,194
  • ASSETS 99th
  • PCT 401(k)
  • EIN near Vf 401(k) Savings Plan
  • RANK ind #7977

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(…$1.1BVf 401(k) Savings Plan$1.1BJohns Manville Employees 401(k) PlanJohns Manville Employees 401…$1.1BCleveland-Cliffs Steel LLC Savings and Investment PlanCleveland-Cliffs Steel LLC S…$1.1B401(k) Retirement Savings Plan for Employees of the Valley Hospital401(k) Retirement Savings Pl…$1.1B
End-of-year total assets ($B) among Penske Automotive Group 401(k) Savings and Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Michigan filing particulars

Total Assets (Beginning of Year)$933M
Net Assets (End of Year)$1.1B
Net Income$128M
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): 1.061655121 · Participants: 13194Penske Automotive Group 401(k) Savings and Retirement PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 23.0591668 · Participants: 43053General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 17.26893589 · Participants: 31790Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.768606712 · Participants: 17128The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 9.568379082 · Participants: 42513The 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): 8.2932975 · Participants: 60497Ford 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 $1.1B in end-of-year assets across 13,194 participants (0.009% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.014% of 93,925,755 covered participants) - about $80,465 per participant (58% of the national average assets-per-participant) . Net income for plan year 2024 was $128M.

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 Open filing
2024 · index core 13,194 $1.1B This page

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 Vf 401(k) Savings Plan in NC ($1.1B); by covered participants it is Topgolf 401(k) Plan in TX (13,197 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.1B here).

Similar participant headcount

Nearest other-state filings by covered participants (13,194 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Penske Automotive Group 401(k) Savings and Retirement Plan grew at a solid clip - up 13.8% during 2024, from $933M to $1.1B. Reported net income was $128M.
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 123,622 plans that reported assets for plan year 2024 (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 Vf 401(k) Savings Plan in NC ($1.1B, 16,442 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 Topgolf 401(k) Plan in TX (13,197 participants, $126M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.