Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Sonic Automotive › plan 001
Sonic Automotive, Inc. 401(k) Plan
- Sponsor Sonic Automotive
- Plan number 001
- Plan year 2024
- $250M-1B in assets
- single-employer
Administrative expenses excluding investment management, per participant · Sonic Automotive, Inc. 401(k) Plan · plan year 2024
$55.16
Higher than 37% of the 2,324 plans $250M to 1B that report it.
Source
= $376,363 / 6,823
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250923141643NAL0002601587001, received 2025-09-23
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250923141643NAL0002601587001, received 2025-09-23
Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-09-23.
Cost and contributions
Administrative expenses per participant
$62.86
Higher than 30% of the 2,405 plans $250M to 1B that report it.
Source
= $428,863 / 6,823
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250923141643NAL0002601587001, received 2025-09-23
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250923141643NAL0002601587001, received 2025-09-23
Administrative expenses as a share of assets
0.078%
Higher than 54% of the 2,407 plans $250M to 1B that report it.
Source
= $428,863 / $548,319,562
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250923141643NAL0002601587001, received 2025-09-23
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250923141643NAL0002601587001, received 2025-09-23
Employer contributions per participant
$1,207
Higher than 11% of the 2,457 plans $250M to 1B that report it.
Source
= $8,233,300 / 6,823
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250923141643NAL0002601587001, received 2025-09-23
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250923141643NAL0002601587001, received 2025-09-23
Employer share of total contributions
17.3%
Higher than 10% of the 2,459 plans $250M to 1B that report it.
Source
= $8,233,300 / $47,566,757
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250923141643NAL0002601587001, received 2025-09-23
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250923141643NAL0002601587001, received 2025-09-23
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250923141643NAL0002601587001, received 2025-09-23
Full record, Sonic Automotive, Inc. 401(k) Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | SONIC AUTOMOTIVE, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250923141643NAL0002601587001, received 2025-09-23 |
| Plan name | SONIC AUTOMOTIVE, INC. 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250923141643NAL0002601587001, received 2025-09-23 |
| Sponsor EIN / plan number | 56-2010790 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250923141643NAL0002601587001, received 2025-09-23 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250923141643NAL0002601587001, received 2025-09-23 |
| Sponsor location | CHARLOTTE, NC | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250923141643NAL0002601587001, received 2025-09-23 |
| Industry (business code) | 441110, Retail trade | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250923141643NAL0002601587001, received 2025-09-23 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250923141643NAL0002601587001, received 2025-09-23 |
| Filing received | 2025-09-23 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250923141643NAL0002601587001, received 2025-09-23 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250923141643NAL0002601587001, received 2025-09-23 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250923141643NAL0002601587001, received 2025-09-23 |
| Participants, beginning of year | 10,147 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250923141643NAL0002601587001, received 2025-09-23 |
| Active participants | 8,427 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250923141643NAL0002601587001, received 2025-09-23 |
| Participants, end of year | 9,986 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250923141643NAL0002601587001, received 2025-09-23 |
| Participants with an account balance | 6,823 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250923141643NAL0002601587001, received 2025-09-23 |
| Total assets, beginning of year | $490,957,282 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250923141643NAL0002601587001, received 2025-09-23 |
| Total assets, end of year | $548,319,562 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250923141643NAL0002601587001, received 2025-09-23 |
| Net assets, end of year | $548,319,562 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250923141643NAL0002601587001, received 2025-09-23 |
| Total income | $118,679,561 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250923141643NAL0002601587001, received 2025-09-23 |
| Net income | $57,366,795 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250923141643NAL0002601587001, received 2025-09-23 |
| Employer contributions | $8,233,300 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250923141643NAL0002601587001, received 2025-09-23 |
| Participant contributions | $35,202,619 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250923141643NAL0002601587001, received 2025-09-23 |
| Other contributions (incl. rollovers) | $4,130,838 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250923141643NAL0002601587001, received 2025-09-23 |
| Total contributions | $47,566,757 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250923141643NAL0002601587001, received 2025-09-23 |
| Benefit payments | $60,165,934 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250923141643NAL0002601587001, received 2025-09-23 |
| Total expenses (incl. benefit payments) | $61,312,766 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250923141643NAL0002601587001, received 2025-09-23 |
| Total administrative expenses | $428,863 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250923141643NAL0002601587001, received 2025-09-23 |
| Contract administrator fees | $376,363 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250923141643NAL0002601587001, received 2025-09-23 |
| Investment advisory and management fees | $52,500 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250923141643NAL0002601587001, received 2025-09-23 |
| Administrative expenses excluding investment management | $376,363 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250923141643NAL0002601587001, received 2025-09-23 |
| Held in common/collective trusts | $54,333,997 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250923141643NAL0002601587001, received 2025-09-23 |
| Held in mutual funds | $480,504,087 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250923141643NAL0002601587001, received 2025-09-23 |
| Independent auditor | FORVIS MAZARS, LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250923141643NAL0002601587001, received 2025-09-23 |
Position = column in the DOL layout for form year 2024. Filing 20250923141643NAL0002601587001, received 2025-09-23.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANYrecordkeeper | CONTRACT ADMINISTRATOR | 13 Contract administrator; 37 Participant loan processing; 50 Direct payment from the plan; 64 Recordkeeping fees | $431,038 | yes |
| INVESTMENT RESEARCH & AD | INVESTMENT ADVISORY | 27 Investment advisory (plan); 50 Direct payment from the plan | $52,500 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250923141643NAL0002601587001, received 2025-09-23.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $490,957,282 | $548,319,562 | 11.7% |
| Participants with a balance | 7,088 | 6,823 | -3.7% |
| Administrative expenses | $322,902 | $428,863 | 32.8% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $7,819,537 | $8,233,300 | 5.3% |
Prior filing 20240919144052NAL0002414051001, received 2024-09-19; the plan years are contiguous.