401(k) · DOL Form 5500 · 2024
Sonic Automotive, Inc. 401(k) Plan
Data updated 2026-08-25
- $548M
- Total assets Above avg plan size
- 8,469
- Participants Very large workforce
- 97th
- Percentile by assets National rank
- $64,744
- Avg per participant Low balance/head
Official DOL plan name: Sonic Automotive, Inc. 401(k) Plan · Sponsored by Sonic Automotive, Inc. · North Carolina · Retail Trade
$548M in assets, 8,469 participants
Sonic Automotive, Inc.'s Sonic Automotive, Inc. 401(k) Plan reported $548M in total assets and 8,469 participants in its 2024 DOL Form 5500 filing, ranking in the 97th 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.
- #7,913 in Retail Trade (8,048 peers)
Coverage in North Carolina
Sonic Automotive, Inc. 401(k) Plan covers 8,469 participants in North Carolina, 10x the typical North Carolina plan (state average ~819 per filing). Assets: $548M.
- #7,913
- in Retail Trade (8,048 peers)
- +11.7%
- assets growth YoY
- 5.5×
- vs typical plan assets (national mean)
Sonic Automotive, Inc. 401(k) Plan's outsized position by total assets
Sonic Automotive, Inc. 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$548,319,562 Top 3% higher than 97% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Sonic Automotive, Inc. 401(k) Plan's large-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sonic Automotive, Inc. 401(k) Plan lands in the large band (8,469 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Sonic Automotive, Inc. 401(k) Plan reported net income fell from $70M in the plan year 2023 filing to $57M in the plan year 2024 filing.
- Sonic Automotive, Inc. 401(k) Plan end-of-year assets rose from $491M in the plan year 2023 filing to $548M in the plan year 2024 filing.
- Sonic Automotive, Inc. 401(k) Plan reported participants rose from 8,078 in the plan year 2023 filing to 8,469 in the plan year 2024 filing.
Form 5500 schedule snapshot
Filing strip 562010790 · Sonic Automotive, Inc. PY 2024 · 401(k)
Sonic Automotive, Inc. 401(k) Plan · $548M · 8,469 · 97th
- VS-ST $548M
- VS-ST 8,469
- VS-ST 97th
- VS-ST 401(k)
- VS-ST near Rush Enterprises, Inc. Employee 401(k) Plan
- VS-ST ind #7913
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 North Carolina →
Sonic Automotive, Inc. 401(k) Plan in the asset neighbourhood
North Carolina filing particulars
| Total Assets (Beginning of Year) | $491M |
|---|---|
| Net Assets (End of Year) | $548M |
| Net Income | $57M |
| Employer EIN | 562010790 |
| Plan Effective Date | 1994-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sonic Automotive, Inc.)
Sponsor-wide plan assets over time
All Sonic Automotive, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $584M 28.622099585426508% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 8,306 | $454M |
| 2023 | 2 | 8,467 | $523M |
| 2024 | 2 | 8,872 | $584M |
Nearby 401(k) Plans in North Carolina
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- The Bank of America 401(k) Plan $62.9B · 168,963
- Honeywell 401(k) Plan $16.3B · 39,468
- Duke Energy Retirement Savings Plan $11.3B · 27,341
- Nucor Corporation Profit Sharing and Retirement Savings Plan $9.3B · 27,070
- Truist Financial Corporation 401(k) Savings Plan $9.2B · 52,699
Scale composition for Sonic Automotive, Inc. 401(k) Plan
Sonic Automotive, Inc. 401(k) Plan reports $548M in end-of-year assets across 8,469 participants (0.004% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.009% of 93,925,755 covered participants) - about $64,744 per participant (47% of the national average assets-per-participant) . Net income for plan year 2024 was $57M.
This plan identity (EIN 562010790, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $424M to $548M (+29.2%) while covered participants moved from 7,953 to 8,469 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 7,953 | $424M | Open filing |
| 2023 | 8,078 | $491M | Open filing |
| 2024 · index core | 8,469 | $548M | This page |
Sonic Automotive, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside North Carolina, the nearest 401(k) by assets is Rush Enterprises, Inc. Employee 401(k) Plan in TX ($548M); by covered participants it is Adidas 401(k) Savings and Retirement Plan in OR (8,463 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($548M here).
- Rush Enterprises, Inc. Employee 401(k) Plan (TX) $548M · 7,608
- Ascend Savings & Investment Plan (TX) $548M · 2,294
- Ovintiv U.S. Retirement Plan (CO) $547M · 1,009
- Hazen and Sawyer 401(k) Plan (NY) $550M · 1,730
Similar participant headcount
Nearest other-state filings by covered participants (8,469 participants); asset peers above are excluded.
- Adidas 401(k) Savings and Retirement Plan (OR) 8,463 · 6 off
- Munson 401(k) Plan (MI) 8,479 · 10 off
- Ashford Hospitality Services 401(k) Savings Plan (TX) 8,479 · 10 off
- Methodist Health System 401(k) Plan (NE) 8,480 · 11 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.