Penske Automotive Group, Inc. 401(k) Plan: Login, Facts & Contact Information

Penske Automotive Group, Inc. 401(k) Plan Facts

Plan name
PENSKE AUTOMOTIVE GROUP 401(K) SAVINGS AND RETIREMENT PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
PENSKE AUTOMOTIVE GROUP, INC.
Participants
16,345 (13,542 active employees)
Former employees with a balance
2,861
Plan assets
$1,061,655,121 at Dec 31, 2024
Average account balance
$66,683 across 15,921 accounts
Employer contributions
$22,662,571 in plan year 2024 (21% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Sep 1, 1998
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments✓ Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Jun 23, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $108.4 million went into the plan in contributions, $22.7 million of it from the employer (21%).
  • $85.0 million was paid out to participants.
  • Investment and other income added $107.1 million.
  • Administrative expenses were $656,983, about $41 per account.

How the Penske Automotive Group, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
201919,016$647.9 million$17.2 million$54.6 million
202018,426$719.8 million$9.46 million$73.0 million
202117,330$858.1 million$15.4 million$71.0 million
202218,641$776.6 million$27.7 million$66.0 million
202316,586$933.1 million$22.5 million$74.3 million
202416,345$1.06 billion$22.7 million$85.0 million

Penske Automotive Group, Inc. 401(k) Contact Information

Phone
248-648-2330
Mailing address
2555 TELEGRAPH ROAD, BLOOMFIELD HILLS MI 483020954
Plan sponsor
PENSKE AUTOMOTIVE GROUP, INC.
Employer identification number (EIN)
22-3086739
Plan number
005

Questions about the Penske Automotive Group, Inc. 401(k)

Does Penske Automotive Group, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $22.7 million, 21% of all contributions.

Does the Penske Automotive Group, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Penske Automotive Group, Inc 401(k) plan?

16,345 participants at the start of plan year 2024, 13,542 of them active employees, and 2,861 former employees who still had money in the plan.

What is the average 401(k) balance at Penske Automotive Group, Inc?

About $66,683 per account: $1.06 billion in plan assets across 15,921 accounts with a balance at the end of plan year 2024.

Who manages the Penske Automotive Group, Inc 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Penske Automotive Group, Inc. How do I access my 401(k)?

Your account stays with Principal after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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