A panel assembly includes a retainer, a first panel, and a second panel. A weld stud extends from the first panel. The second panel is positioned adjacent to the first panel and defines a hole that circumscribes the weld stud. The retainer includes a base and a nut. The base includes an annular cap and a cylindrical guide feature. The nut has radial fins, one of which is beveled. The cylindrical guide feature is positioned within the hole and circumscribes the weld stud. One of the radial fins is positioned adjacent to an upper surface of the cap, while the radial fin having the beveled surface is received within a slot defined by the cap to secure the nut to the base and the stud. Tabs may be arranged on an inner bore of the nut. A method of using the retainer in a panel assembly is also disclosed.