Braman Dealerships 401(k) Plan 401(k) Plan: Login, Facts & Contact Information

Braman Dealerships 401(k) Plan 401(k) Plan Facts

Plan name
BRAMAN DEALERSHIPS 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
BRAMAN MOTORS, INC.
Participants
2,641 (2,532 active employees)
Former employees with a balance
418
Plan assets
$66,608,330 at Dec 31, 2024
Average account balance
$54,777 across 1,216 accounts
Employer contributions
$165,399 in plan year 2024 (2% of all contributions)
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Nov 1, 1994
✓ 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 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 14, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $8.16 million went into the plan in contributions, $165,399 of it from the employer (2%).
  • $7.28 million was paid out to participants.
  • Investment and other income added $9.59 million.
  • Administrative expenses were $235,207, about $193 per account.

How the Braman Dealerships 401(k) Plan 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20192,387$40.8 million$145,500$4.04 million
20202,525$47.7 million$150,480$5.88 million
20212,150$56.2 million$153,694$3.71 million
20222,328$46.4 million$176,467$4.31 million
20232,403$56.5 million$180,469$7.07 million
20242,641$66.6 million$165,399$7.28 million

Braman Dealerships 401(k) Plan 401(k) Contact Information

Phone
305-576-1889
Mailing address
2060 BISCAYNE BLVD, FLOOR 2, MIAMI FL 33137
Plan sponsor
BRAMAN MOTORS, INC.
Employer identification number (EIN)
65-0700829
Plan number
001

Questions about the Braman Dealerships 401(k) Plan 401(k)

Does Braman Dealerships 401(k) Plan contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $165,399, 2% of all contributions.

Does the Braman Dealerships 401(k) Plan 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Braman Dealerships 401(k) Plan 401(k) plan?

2,641 participants at the start of plan year 2024, 2,532 of them active employees, and 418 former employees who still had money in the plan.

What is the average 401(k) balance at Braman Dealerships 401(k) Plan?

About $54,777 per account: $66.6 million in plan assets across 1,216 accounts with a balance at the end of plan year 2024.

Who manages the Braman Dealerships 401(k) Plan 401(k) accounts?

Principal is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Braman Dealerships 401(k) Plan. How do I access my 401(k)?

Your account stays with Principal 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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