Automall Payroll Services Ltd 401(k) Plan: Login, Facts & Contact Information

Automall Payroll Services Ltd 401(k) Plan Facts

Plan name
AUTOMALL PAYROLL SERVICES LTD 401(K) PLAN AND TRUST
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
AUTOMALL PAYROLL SERVICES LTD
Participants
1,284 (1,147 active employees)
Former employees with a balance
183
Plan assets
$16,725,881 at Dec 31, 2023
Average account balance
$12,681 across 1,319 accounts
Recordkeeper
Empower Life & Annuity Insurance Co
Plan year
Jan 1, 2023 – Dec 31, 2023
Plan established
Aug 15, 2017
Employer contributions Automatic enrollment Default investment for undecided participants Participants choose their own investments Self-directed brokerage window Profit sharing Company stock (ESOP)

Source: Form 5500 for plan year 2023 (Jan 1, 2023 – Dec 31, 2023), filed Oct 16, 2024. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2023

  • $4.43 million went into the plan in contributions.
  • $1.81 million was paid out to participants.
  • Investment and other income added $2.29 million.
  • Administrative expenses were $119,482, about $91 per account.

How the Automall Payroll Services Ltd 401(k) changed, 20182023

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20181,911$3.27 million$0$302,553
20191,986$5.49 million$8,900$829,829
20201,553$8.08 million$1.56 million
20211,383$11.5 million$12,221$1.59 million
20221,315$11.9 million$0$1.38 million
20231,284$16.7 million$0$1.81 million

Automall Payroll Services Ltd 401(k) Contact Information

Phone
631-587-0700
Mailing address
193 SUNRISE HIGHWAY, WEST ISLIP NY 11795
Plan sponsor
AUTOMALL PAYROLL SERVICES LTD
Plan administrator
NORTHEAST RETIREMENT SERVICES, LLC
Employer identification number (EIN)
32-0323841
Plan number
001

Questions about the Automall Payroll Services Ltd 401(k)

Does Automall Payroll Services Ltd contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement.

Does the Automall Payroll Services Ltd 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Automall Payroll Services Ltd 401(k) plan?

1,284 participants at the start of plan year 2023, 1,147 of them active employees, and 183 former employees who still had money in the plan.

What is the average 401(k) balance at Automall Payroll Services Ltd?

About $12,681 per account: $16.7 million in plan assets across 1,319 accounts with a balance at the end of plan year 2023.

Who manages the Automall Payroll Services Ltd 401(k) accounts?

Empower (listed on the filing as EMPOWER LIFE & ANNUITY INSURANCE CO) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Automall Payroll Services Ltd. How do I access my 401(k)?

Your account stays with Empower after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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