Brown Automotive, Inc. 401(k) Plan: Login, Facts & Contact Information

Brown Automotive, Inc. 401(k) Plan Facts

Plan name
BROWN AUTOMOTIVE RETIREMENT SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SPARTANBURG DODGE, INC.
Participants
307 (228 active employees)
Former employees with a balance
33
Plan assets
$10,396,552 at Dec 31, 2024
Average account balance
$50,963 across 204 accounts
Employer contributions
$540,902 in plan year 2024 (41% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Oct 1, 1996
✓ 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

  • $1.32 million went into the plan in contributions, $540,902 of it from the employer (41%).
  • $2.71 million was paid out to participants.
  • Investment and other income added $1.58 million.
  • Administrative expenses were $28,530, about $140 per account.

How the Brown Automotive, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019320$8.80 million$475,193$1.02 million
2020273$10.3 million$537,102$1.02 million
2021287$12.9 million$729,277$547,471
2022308$11.7 million$706,547$682,628
2023300$13.1 million$393,250$1.61 million
2024307$10.4 million$540,902$2.71 million

Brown Automotive, Inc. 401(k) Contact Information

Phone
864-580-2400
Mailing address
8200 FAIRFOREST RD., SPARTANBURG SC 293881588
Plan sponsor
SPARTANBURG DODGE, INC.
Employer identification number (EIN)
57-0955718
Plan number
001

Questions about the Brown Automotive, Inc. 401(k)

Does Brown Automotive, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $540,902, 41% of all contributions.

Does the Brown Automotive, Inc 401(k) have automatic enrollment?

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

How many people are in the Brown Automotive, Inc 401(k) plan?

307 participants at the start of plan year 2024, 228 of them active employees, and 33 former employees who still had money in the plan.

What is the average 401(k) balance at Brown Automotive, Inc?

About $50,963 per account: $10.4 million in plan assets across 204 accounts with a balance at the end of plan year 2024.

Who manages the Brown Automotive, Inc 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Brown Automotive, Inc. 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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