Plan Snapshot
- Plan Sponsor: Penske Automotive Group, INC.
- Sponsor EIN: 223086739
- Sponsor Address: 2555 TELEGRAPH ROAD, BLOOMFIELD HILLS, MI, 483020954
- Plan Type: 401(k)
- Plan Number: 005
- Total Participants: 16,156
- Total Assets: $1.2B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 16,156 | $1.2B | $0 | $0 |
| 2024 | 13,542 | $1.1B | $22.7M | $66.4M |
| 2023 | 12,981 | $933.1M | $22.5M | $66.9M |
| 2022 | 13,219 | $776.6M | $27.7M | $63.4M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $588,886 | $35,617 | $624,503 |
| EDELMAN FINANCIAL ENGINES, LLC | Other Service Provider | $136,947 | — | $136,947 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $761,450
- Estimated Expense Ratio: 0.061% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $102,318,382 | $144,165 | $587,352 | — | — |
| 2024 | $656,983 | $18,040 | $638,943 | — | — |
| 2023 | $642,844 | — | $642,844 | — | — |
| 2022 | $681,549 | — | $681,549 | — | — |