401(k) · DOL Form 5500 · 2024
Sonic Automotive, Inc. 401(k) Plan
Data updated 2026-08-11
- $548M
- Total assets
- 8,469
- Participants
- 97th
- Percentile by assets
- $64,744
- Avg per participant
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.
- 97th percentile by assets (of 123,622 plans)
- #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.
- $548M
- total plan assets (2024 EOY)
- 8,469
- covered participants
- 97th
- percentile by assets (of 123,622 plans)
- $64,744
- avg assets per participant
Where Sonic Automotive, Inc. 401(k) Plan sits 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
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.
Participants vs North Carolina filers
In North Carolina, the average filing covers about 819 participants across 3,515 plans. Sonic Automotive, Inc. 401(k) Plan reports 8,469 participants - 10x that state average ($548M EOY assets).
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.)
| 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.
Sonic Automotive, Inc. 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
- 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 |
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Sonic Automotive, Inc. 401(k) Plan by total assets, not by location.
- 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
Frequently Asked Questions
How did Sonic Automotive, Inc. 401(k) Plan assets move in 2024? ▼
How have Sonic Automotive, Inc. plan assets changed over time? ▼
Where does Sonic Automotive, Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
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Next read for Sonic Automotive, Inc. 401(k) Plan
Filing takeaways
Ways to act on Sonic Automotive, Inc. 401(k) Plan's numbers.
- By total assets, Sonic Automotive, Inc. 401(k) Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in North Carolina. Compare plans
- Sonic Automotive, Inc.'s sponsor-wide assets have grown 28.6% since 2022 across 3 plan years on file. More Retail Trade plans