Plan5500

Sonic Automotive, Inc. 401(K) Plan & Trust — Form 5500 plan (Sonic Automotive, Inc.)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Sonic Automotive, Inc. 401(K) Plan & Trust is a benefit plan reported by Sonic Automotive, Inc. under EIN 56-2010790 and plan number 001. The latest loaded filing year is 2023. The filing reports 10,854 participants and $490,957,282 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$491MPlan net assets, end of year$490,957,282
Participants10.9KCovered participants reported10,854
Assets / participant$45.2KComputed: assets ÷ participants$45,233 (computed)
Provider compensation$322.9K2 Schedule C provider row(s)$322,902
Plan sponsor
Sonic Automotive, Inc.
EIN
56-2010790
Plan number
001
Plan type
2
Location
Charlotte, NC
Latest filing year
2023
How to read this plan profile
  • Net assets = total assets minus total liabilities, end of year (Schedule H/I).
  • Assets / participant is computed (assets ÷ reported participants) — a ratio, not a filed figure.
  • Schedule chips (Sch H / I / C) show which schedules each filing includes.
  • Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
  • Figures are reported as filed, in whole dollars; verify against the official DOL/EBSA record before relying on them.
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    10,854 participants · 2Sch HSch C
    View filing →
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$491M total assets
Net assets$491MLiabilities$0
Money in vs. money out
Total income / additions$113.1M
Total expenses$43.4M
Benefits paid / distributions$42.6M
Contributions
Employer$7.8M
Participant$33.3M
Full reported line items

Net assets

Total assets (EOY)
$490,957,282
Total liabilities (EOY)
$0
Net assets (EOY)
$490,957,282
Net assets (BOY)
$424,385,975

Income & contributions

Employer contributions
$7,819,537
Participant contributions
$33,295,473
Total contributions
$44,021,237
Total income / additions
$113,145,854

Expenses & distributions

Benefits paid
$42,604,278
Administrative expenses
$322,902
Total expenses
$43,372,951
Net increase / (decrease)
$69,772,903
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 19%Participant 81%
Total expenses ÷ net assets9%Computed ratio
Benefits paid ÷ total income38%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    Principal Life Insurance Company$252.9K
    CONTRACT ADMINISTRATOR · Direct $252.9K · Indirect $0
  2. 2
    Investment Research$70K
    INVESTMENT ADVISORY · Direct $70K

What to inspect next

Frequently asked questions

Who sponsors the Sonic Automotive, Inc. 401(K) Plan & Trust?
Sonic Automotive, Inc. 401(K) Plan & Trust is reported as sponsored by Sonic Automotive, Inc. (EIN 56-2010790, plan number 001) in public Form 5500 filings.
What is the most recent Form 5500 filing year for Sonic Automotive, Inc. 401(K) Plan & Trust?
The latest Form 5500 filing year loaded for Sonic Automotive, Inc. 401(K) Plan & Trust is 2023.
How many participants does Sonic Automotive, Inc. 401(K) Plan & Trust report?
Sonic Automotive, Inc. 401(K) Plan & Trust reports 10,854 participants in its latest loaded Form 5500 filing.
What are the reported plan assets for Sonic Automotive, Inc. 401(K) Plan & Trust?
Sonic Automotive, Inc. 401(K) Plan & Trust reports $490,957,282 in end-of-year plan assets in its latest loaded Form 5500 filing.
Form 5500 terms, in plain English
Form 5500
The annual report most U.S. employee benefit plans file with the Department of Labor through the EFAST2 system. It documents the plan sponsor, participants, finances, and service-provider compensation.
Schedule H
The financial statement for larger plans (generally 100+ participants): assets, liabilities, net assets, income, expenses, and the net change.
Schedule I
The condensed financial statement for smaller plans, covering the same kinds of figures in less detail.
Schedule C
Reports compensation paid to the plan’s service providers — both direct and indirect.
Net assets
Total assets minus total liabilities at the end of the year — what the plan holds for participants.
Employer / participant contributions
Money contributed to the plan by the employer and by participants during the year.

Figures are reported as filed and may contain errors or omissions. Verify against the official DOL/EBSA record before relying on any value.

Related Form 5500 pages