401(k) · DOL Form 5500 · 2024
Penske Automotive Group, Inc. 401(k) Plan
Data updated 2026-08-11
- $1.1B
- Total assets
- 13,194
- Participants
- 99th
- Percentile by assets
- $80,465
- 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
$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.
- 99th percentile by assets (of 123,622 plans)
- #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.
- $1.1B
- total plan assets (2024 EOY)
- 13,194
- covered participants
- 99th
- percentile by assets (of 123,622 plans)
- $80,465
- avg assets per participant
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.
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 13,194 participants - 21x that state average ($1.1B EOY assets).
Michigan filing particulars
| Total Assets (Beginning of Year) | $933M |
|---|---|
| Net Assets (End of Year) | $1.1B |
| Net Income | $128M |
| 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 $23.1B · 43,053
- Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees $17.3B · 31,790
- The Dow Chemical Company Employees' Savings Plan $10.8B · 17,128
- The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States $9.6B · 42,513
- Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees $8.3B · 60,497
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 |
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.
- Vf 401(k) Savings Plan (NC) $1.1B · 16,442
- Johns Manville Employees 401(k) Plan (CO) $1.1B · 5,727
- Cleveland-Cliffs Steel LLC Savings and Investment Plan (OH) $1.1B · 3,302
- 401(k) Retirement Savings Plan for Employees of the Valley Hospital (NJ) $1.1B · 5,712
Frequently Asked Questions
How did Penske Automotive Group 401(k) Savings and Retirement Plan assets move in 2024? ▼
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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