Ferman Motor Car Company, Inc. 401(k) Plan: Login, Facts & Contact Information

Ferman Motor Car Company, Inc. 401(k) Plan Facts

Plan name
FERMAN MOTOR CAR COMPANY AND AFFILIATED DEALERSHIPS 401(K) SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
FERMAN MOTOR CAR COMPANY, INC.
Participants
1,069 (820 active employees)
Former employees with a balance
187
Plan assets
$40,105,812 at Dec 31, 2024
Average account balance
$55,625 across 721 accounts
Employer contributions
$333,615 in plan year 2024 (11% of all contributions)
Recordkeeper
Transamerica Retirement Solutions
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 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 Jun 11, 2026. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $3.17 million went into the plan in contributions, $333,615 of it from the employer (11%).
  • $2.83 million was paid out to participants.
  • Investment and other income added $5.40 million.
  • Administrative expenses were $71,290, about $99 per account.

How the Ferman Motor Car Company, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20191,078$26.7 million—$2.03 million
20201,150$31.7 million$332,696$1.50 million
20211,200$37.0 million$129,631$1.92 million
20221,254$29.7 million$329,563$3.03 million
2023988$34.6 million$324,055$3.37 million
20241,069$40.1 million$333,615$2.83 million

Ferman Motor Car Company, Inc. 401(k) Contact Information

Phone
813-251-2765
Mailing address
1306 WEST KENNEDY BOULEVARD, TAMPA FL 33606
Plan sponsor
FERMAN MOTOR CAR COMPANY, INC.
Employer identification number (EIN)
59-0240570
Plan number
001

Questions about the Ferman Motor Car Company, Inc. 401(k)

Does Ferman Motor Car Company, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $333,615, 11% of all contributions.

Does the Ferman Motor Car Company, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Ferman Motor Car Company, Inc 401(k) plan?

1,069 participants at the start of plan year 2024, 820 of them active employees, and 187 former employees who still had money in the plan.

What is the average 401(k) balance at Ferman Motor Car Company, Inc?

About $55,625 per account: $40.1 million in plan assets across 721 accounts with a balance at the end of plan year 2024.

Who manages the Ferman Motor Car Company, Inc 401(k) accounts?

Transamerica (listed on the filing as TRANSAMERICA RETIREMENT SOLUTIONS) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Ferman Motor Car Company, Inc. How do I access my 401(k)?

Your account stays with Transamerica 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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