Plan Ledger DOL Form 5500 · updated monthly

Penske Motor Group, LLC401(k)

PENSKE MOTOR GROUP 401(K) SAVINGS PLAN · EL MONTE, CA · plan year 2024

Reported admin expense ratio · 2024
0.14%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Penske Motor Group, LLC reported $211,780 in plan administrative expenses for 2024: 0.14% of average plan assets, above the peer median. Employer contributions averaged $2,349 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.15% to 0.14%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other retail trade employers. By assets it is the 653rd-largest of 9,483 plans among California employers on file, and the 247th of 5,215 in retail trade. In 2024, employees put in $3.12 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$164,050,136
Participants with balances1,231
Active participants961
Employer contributions$2,257,665
Employee contributions$7,034,508
Employer contribution per active participant$2,349
Average account balance$133,266
Benefits paid to participants$10,188,919
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$164.1M · 1,231 accts · $2.3M emplr
2023$142.8M · 1,273 accts · $2.1M emplr
2022$123.5M · 1,277 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$211,780
Total administrative$211,780
The Penske Motor Group, LLC 401(k) match · 2024
Employer contribution per active participant$2,349
Median for plans this size$3,635
2024$2,349 per active participant
2023$2,116 per active participant
2022$1,978 per active participant

Penske Motor Group, LLC's 2024 employer contribution ran below the $3,635 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$211,780
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$211,780 · 0.14%
2023$180,697 · 0.14%
2022$192,877 · 0.15%
Same employer
Similar plansRetail Trade · California
Tawa Supermarket, Inc. CA$193.4M · 0.22%
Restoration Hardware, Inc. CA$190.7M · 0.16%
Deckers Outdoor Corporation CA$168.3M · 0.20%
Stitch Fix, Inc. CA$154.8M · 0.12%
Big 5 Corp CA$140.9M · 0.15%
The Vons Companies, Inc. CA$135.3M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 454060873 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.