Carney Management Company, Inc. 401(k) Plan: Login, Facts & Contact Information

Carney Management Company, Inc. 401(k) Plan Facts

Plan name
BERNARDI AUTO GROUP RETIREMENT PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
CARNEY MANAGEMENT COMPANY, INC.
Participants
683 (329 active employees)
Former employees with a balance
280
Plan assets
$26,959,864 at Dec 31, 2024
Average account balance
$47,548 across 567 accounts
Recordkeeper
Merrill Lynch Pierce Fenner & Smith
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1984
✓ 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 10, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $2.25 million went into the plan in contributions.
  • $4.11 million was paid out to participants.
  • Investment and other income added $3.34 million.
  • Administrative expenses were $72,454, about $128 per account.

How the Carney Management Company, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019699$24.7 million$13,920$2.85 million
2020681$24.8 million$-3$4.28 million
2021606$27.1 million—$3.26 million
2022608$23.1 million—$1.59 million
2023640$25.6 million—$3.21 million
2024683$27.0 million—$4.11 million

Carney Management Company, Inc. 401(k) Contact Information

Phone
508-879-7171
Mailing address
1626 WORCESTER ROAD, FRAMINGHAM MA 01702
Plan sponsor
CARNEY MANAGEMENT COMPANY, INC.
Employer identification number (EIN)
04-2901650
Plan number
001

Questions about the Carney Management Company, Inc. 401(k)

Does Carney Management Company, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement.

Does the Carney Management Company, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Carney Management Company, Inc 401(k) plan?

683 participants at the start of plan year 2024, 329 of them active employees, and 280 former employees who still had money in the plan.

What is the average 401(k) balance at Carney Management Company, Inc?

About $47,548 per account: $27.0 million in plan assets across 567 accounts with a balance at the end of plan year 2024.

Who manages the Carney Management Company, Inc 401(k) accounts?

Merrill Benefits OnLine (listed on the filing as MERRILL LYNCH PIERCE FENNER & SMITH) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Carney Management Company, Inc. How do I access my 401(k)?

Your account stays with Merrill Benefits OnLine 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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