Penske Automotive Group 401(k) match, vesting and fees
What Penske Automotive Group's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Deloitte & Touche LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 87 defined-contribution plans in retail trade with 10,000 to 49,999 participants.
| Penske Automotive Group: employer contribution per participant | $1,423 | |
| Peer median | $1,215 |
| Penske Automotive Group: average balance | $66,683 | |
| Peer median | $48,539 |
| Penske Automotive Group: admin expenses ÷ assets | 0.07% | |
| Peer median | 0.12% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $933M at the end of plan year 2023 to $1.1B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 16,448 | $1.1B | $22.7M | $1,423 | 0.07% | Not published | Form 5500 ↗ |
| 2023 | 15,999 | $933M | $22.5M | $1,449 | 0.08% | Not published | Form 5500 ↗ |
Common questions
Does Penske Automotive Group match 401(k) contributions?
The match terms for the Penske Automotive Group 401(k) Savings and Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $22.7M in employer contributions, about $1,423 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Penske Automotive Group 401(k) match vested?
The vesting schedule for the Penske Automotive Group 401(k) Savings and Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Penske Automotive Group 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Penske Automotive Group, Inc..
I left Penske Automotive Group. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Penske Automotive Group, Inc., (248) 648-2330) or the recordkeeper, Principal Life Insurance Company. The Penske Automotive Group old 401(k) page lists the contacts from every plan filing. Find an old Penske Automotive Group 401(k)
Data from the public Form 5500 annual reports Penske Automotive Group filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Penske Automotive Group. Not financial advice. Report a correction · Methodology