Penske Corporation 401(k) Plan: Login, Facts & Contact Information

Penske Corporation 401(k) Plan Facts

Plan name
DEFERRED SAVINGS PLAN OF THE PENSKE CORPORATION
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
PENSKE CORPORATION
Participants
138 (91 active employees)
Former employees with a balance
38
Plan assets
$90,949,343 at Dec 31, 2024
Average account balance
$721,820 across 126 accounts
Employer contributions
$567,538 in plan year 2024 (14% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Mar 28, 1969
✓ 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 Oct 9, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $4.01 million went into the plan in contributions, $567,538 of it from the employer (14%).
  • $1.82 million was paid out to participants.
  • Investment and other income added $13.0 million.
  • Administrative expenses were $57,234, about $454 per account.

How the Penske Corporation 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019145$58.8 million$1.59 million$3.59 million
2020159$66.8 million$422,799$2.16 million
2021142$80.0 million$475,557$1.33 million
2022138$66.6 million$512,944$3.31 million
2023141$75.8 million$535,887$4.17 million
2024138$90.9 million$567,538$1.82 million

Penske Corporation 401(k) Contact Information

Phone
248-648-2330
Mailing address
2555 TELEGRAPH ROAD, BLOOMFIELD HILLS MI 48302
Plan sponsor
PENSKE CORPORATION
Employer identification number (EIN)
23-1717338
Plan number
333

Questions about the Penske Corporation 401(k)

Does Penske Corporation contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $567,538, 14% of all contributions.

Does the Penske Corporation 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Penske Corporation 401(k) plan?

138 participants at the start of plan year 2024, 91 of them active employees, and 38 former employees who still had money in the plan.

What is the average 401(k) balance at Penske Corporation?

About $721,820 per account: $90.9 million in plan assets across 126 accounts with a balance at the end of plan year 2024.

Who manages the Penske Corporation 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 Corporation. 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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