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Industry · Form 5500 business code 532100
Automotive Equipment Rental & Leasing: retirement plans
Plans whose sponsor entered this principal business activity code on Form 5500.
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. The business code is chosen by the filer from the list in the Form 5500 instructions.
For plan year 2024, 36 retirement plans in automotive equipment rental & leasing with 100 or more participants filed Form 5500: 31 defined contribution and 5 defined benefit. They reported 227,095 participant records and $9.54B in net assets, counting every plan on the form.
The median defined contribution plan held $29,912 per participant, well below the national median of $53,031, and its employer put in $1,010 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $58.86 per participant against $123 nationally.
Employers contributed $388M and participants $396M during the year, and the plans paid out $769M in benefits.
In 2009 the same group numbered 41 plans with $2.57B; by 2024 it was 36 plans (down 12%) and $9.54B (up 271%). From plan year 2023 the 100-participant line counts participants with account balances, which moved many plans to the short form.
Medians compared with all US plans
| Median plan, plan year 2024 | Industry: DC | US: DC | Industry: DB | US: DB |
|---|---|---|---|---|
| Net assets per participant | $29,912 | $53,031 | $25,290 | $86,234 |
| Employer contributions per active participant | $1,010 | $2,174 | $3,285 | $10,244 |
| Schedule C compensation per participant | $58.86 | $123 | $160 | $344 |
| Schedule C compensation, share of net assets | 0.28% | 0.26% | 0.61% | 0.42% |
| Administrative expenses per participant | $75.37 | $116 | $309 | $527 |
Medians across plans with 100 or more participants (29 DC and 5 DB plans with a Schedule H here). Fee medians cover plans reporting an amount. DC: defined contribution, such as 401(k) and 403(b). DB: defined benefit pension.
Distribution of DC plans
| Measure | 25th percentile | Median | 75th percentile | Plans |
|---|---|---|---|---|
| Net assets per participant | $15,783 | $29,912 | $50,617 | 29 |
| Employer contributions per active participant | $506 | $1,010 | $3,063 | 28 |
| Schedule C compensation per participant | $29.95 | $58.86 | $131 | 27 |
| Administrative expenses per participant | $31.87 | $75.37 | $171 | 29 |
Trend by plan year
| Plan year | Plans 100+ | Participants | Net assets | Employer contributions | Participant contributions | Median DC assets / participant | Median DC Sch. C / participant |
|---|---|---|---|---|---|---|---|
| 2024 | 36 | 227,095 | $9.54B | $388M | $396M | $29,912 | $58.86 |
| 2023 | 35 | 220,405 | $8.41B | $431M | $354M | $31,094 | $47.30 |
| 2022 | 40 | 214,104 | $6.93B | $360M | $321M | $22,380 | $33.77 |
| 2021 | 42 | 202,006 | $8.28B | $316M | $286M | $32,873 | $48.91 |
| 2020 | 38 | 198,993 | $7.14B | $140M | $263M | $25,324 | $36.52 |
| 2019 | 37 | 229,921 | $6.74B | $261M | $303M | $20,430 | $22.20 |
| 2018 | 37 | 212,831 | $5.54B | $218M | $279M | $19,642 | $40.10 |
| 2017 | 38 | 212,375 | $5.95B | $173M | $250M | $21,962 | $17.77 |
| 2016 | 38 | 210,711 | $5.13B | $190M | $232M | $19,454 | $13.28 |
| 2015 | 35 | 204,711 | $4.88B | $189M | $236M | $18,913 | $13.12 |
| 2014 | 37 | 197,569 | $4.68B | $151M | $187M | $18,959 | $14.76 |
| 2013 | 35 | 174,903 | $4.30B | $173M | $162M | $17,297 | $12.77 |
| 2012 | 37 | 165,657 | $3.40B | $158M | $149M | $13,517 | $20.71 |
| 2011 | 36 | 164,179 | $3.08B | $218M | $156M | $16,503 | $25.77 |
| 2010 | 41 | 166,457 | $3.08B | $175M | $149M | $15,738 | $32.76 |
| 2009 | 41 | 165,446 | $2.57B | $143M | $140M | $12,895 | $28.60 |
Plan year is the year in which the plan year began. The drop in large plans from 2023 follows a rule change: the 100-participant line now counts participants with account balances, so many plans moved to the short form.
Provider share
Service provider organisations named most often on the Schedule C of the 35 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 35 largest by participants of 35 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| Enterprise Holdings Retirement Savings Plan | The Crawford Group, Inc. | MO | DC | 98,663 | $7.56B | $76,626 | $3,768 | $5.68 |
| U-Haul Holding Company 401(k) Savings Plan | U-Haul Holding Company | AZ | DC | 37,756 | $552M | $14,608 | $0 | $26.18 |
| U-Haul Holding Company Employee Stock Ownership Plan | U-Haul Holding Company | AZ | DC | 29,513 | $561M | $19,012 | $1,559 | $0.50 |
| Hertz Corporation Income Savings Plan | The Hertz Corporation | FL | DC | 21,322 | $638M | $29,912 | $1,020 | $28.02 |
| The Hertz Corporation Account Balance Defined Benefit Pension Plan | The Hertz Corporation | FL | DB | 17,012 | $325M | $19,083 | $3,427 | $116 |
| AB Car Rental Services Retirement Savings Plan for Bargaining Hourly Employees | Avis Budget Group, Inc. | NJ | DC | 5,214 | $82.3M | $15,783 | $321 | $24.92 |
| Avis Rent a Car System, LLC. Pension Plan for Bargaining Hourly Employees | Avis Rent a Car System, LLC | NJ | DB | 2,988 | $103M | $34,500 | $3,142 | $79.48 |
| Wheels, LLC Retirement Savings Plan | Wheels, LLC | IL | DC | 2,468 | $270M | $109,207 | $3,064 | $121 |
| Budget Rent a Car System, Inc. Employees' Pension Plan | Budget Rent a Car System, Inc. | NJ | DB | 1,372 | $34.7M | $25,290 | — | $160 |
| Aim Leasing Company, Inc. 401(k) Plan | Aim Leasing Company, Inc. | OH | DC | 1,059 | $32.1M | $30,335 | $797 | $54.23 |
| Merchants Automotive Group, LLC 401(k) Plan | Merchants Automotive Group, LLC | NH | DC | 859 | $77.7M | $90,405 | $5,020 | $62.74 |
| AB Car Rental Services, Inc. Pension Plan for Bargaining Hourly Employees | AB Car Rental Services, Inc. | NJ | DB | 726 | $16.8M | $23,099 | $3,588 | $162 |
| Tico 401(k) Retirement Savings Plan | Terminal Investment Corporation | GA | DC | 696 | $10.6M | $15,274 | $996 | $43.18 |
| Gitibin & Associates, LLC DBA Go Rentals, Inc. 401(k) Plan | Gitibin & Associates, LLC DBA Go Rentals | CA | DC | 660 | $4.1M | $6,214 | — | $40.54 |
| Hernco 401(k) Plan | Vehicle Leasing Holdings, LLC | TX | DC | 491 | $22.5M | $45,824 | $573 | $69.25 |
| A Betterway Rent-A-Car Group 401(k) Plan | A Betterway Rent-A-Car, Inc. | GA | DC | 435 | $19.9M | $45,671 | $399 | $184 |
| Mike Albert Leasing, Inc. Retirement Savings Plan | Mike Albert Leasing, Inc. | OH | DC | 425 | $95.9M | $225,645 | $3,638 | $255 |
| Dreamliner Luxury Coaches 401(k) Plan | Dreamliner Luxury Coaches, LLC | TN | DC | 397 | $3.5M | $8,725 | $541 | $43.31 |
| Enterprise Rent-A-Car Retirement Savings Plan of Puerto Rico | The Crawford Group, Inc. | MO | DC | 368 | $13.2M | $35,780 | $2,488 | — |
| Haldeman-Homme 401(k) Plan | Haldeman-Homme Holdings, Inc. | MN | DC | 357 | $4.9M | $13,752 | $0 | $58.86 |
| Tourism Holdings USA, Inc. 401(k) Profit Sharing Plan | El Monte Rents, Inc. | CA | DC | 278 | $10.2M | $36,778 | $842 | $188 |
| Premier Truck Rental 401(k) Plan | Premier Truck Rental, LLC | IN | DC | 250 | $6.3M | $25,168 | $2,230 | $83.24 |
| Outdoorsy Holdings, Inc. 401(k) Plan | Outdoorsy Holdings, Inc. | TX | DC | 228 | $4.7M | $20,486 | $999 | $262 |
| Flexi-Van Pension Plan | Flexi-Van Leasing, LLC | AZ | DB | 212 | $44.0M | $207,576 | $236 | $884 |
| Tmag-Hemet, LLC 401(k) Plan | Tmag-Hemet, LLC DBA Tim Moran Automotive Group | CA | DC | 206 | $5.3M | $25,748 | $215 | $101 |
| Idealease Inc. 401(k) Plan | Idealease, Inc. | IL | DC | 197 | $24.2M | $122,679 | $2,816 | $59.97 |
| Emkay Inc. Voluntary Savings Plan | Emkay Inc. | IL | DC | 193 | $21.5M | $111,387 | $1,555 | $10.36 |
| Easirent 401(k) Plan | Er Travel LLC | FL | DC | 190 | $212K | $1,115 | $577 | $10.79 |
| Getaround 401(k) Plan | Getaround, Inc. | CA | DC | 182 | $9.2M | $50,617 | $3 | $141 |
| Nacpc 401(k) Plan | North American Chassis Pool Cooperative, LLC | TN | DC | 174 | $3.6M | $20,752 | $0 | $101 |
| Silvercar, Inc. 401(k) Plan | Silvercar, Inc. | TX | DC | 172 | $9.2M | $53,616 | $5,970 | $481 |
| Emkay, Inc. Profit Sharing Plan | Emkay, Inc. | IL | DC | 169 | $6.7M | $39,383 | $3,031 | — |
| Nationwide Office Cleaners LLC Employee Stock Ownership Plan | Nationwide Office Cleaners LLC Employee Stock Ownership Plan | IA | DC | 155 | — | — | — | — |
| Hub Truck Rental Corp. Employee Stock Ownership Plan | Hub Truck Rental Corporation | NY | DC | 149 | −$1.5M | — | $18,974 | — |
| Jab Rentals, Inc. 401(k) Plan | Jab Rentals, Inc. | TX | DC | 145 | $861K | $5,941 | $3,329 | $31.87 |
By plan size
By state
Questions and answers
How many retirement plans are there in automotive equipment rental & leasing?
36 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 73 pension plans on the full form. Smaller plans file Form 5500-SF and are counted separately where shown.
What is the typical 401(k) balance in automotive equipment rental & leasing?
The median defined contribution plan reported $29,912 in net assets per participant (middle half of plans: $15,783 to $50,617); nationally it was $53,031. This is a plan-level average that includes former employees, not a typical person's balance.
What do employers contribute in automotive equipment rental & leasing?
The median defined contribution plan received $1,010 in employer contributions per active participant, against $2,174 nationally. Plans with no employer contribution are included at zero.
What are average 401(k) fees in automotive equipment rental & leasing?
Among defined contribution plans that report any Schedule C compensation, the median was $58.86 per participant and 0.28% of net assets (nationally $123 and 0.26%). Schedule C leaves out fund expense ratios and fees the employer pays, so it understates total cost.
Where does this come from?
Form 5500 annual reports in the EBSA research files, with filings received through 24 Aug 2026. Medians are computed by this site across plans with 100 or more participants.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Totals count every pension plan on the full form; medians and the plan list cover plans with 100 or more participants. See the methodology.