John Bowman Chevrolet, Inc. 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2021. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

John Bowman Chevrolet, Inc. 401(k) Plan Facts (plan year 2021)

Plan name
BOWMAN 401(K)
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
JOHN BOWMAN CHEVROLET, INC.
Participants
145 (106 active employees)
Former employees with a balance
40
Plan assets
$8,055,810 at Dec 31, 2021
Average account balance
$56,731 across 142 accounts
Employer contributions
$147,373 in plan year 2021 (22% of all contributions)
Recordkeeper
Sentinel Benefits Group, Inc.
Plan year
Jan 1, 2021 – Dec 31, 2021
Plan established
Jul 1, 2016
✓ 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 2021 (Jan 1, 2021 – Dec 31, 2021), filed Oct 14, 2022. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2021

  • $684,553 went into the plan in contributions, $147,373 of it from the employer (22%).
  • $593,310 was paid out to participants.
  • Investment and other income added $930,913.
  • Administrative expenses were $40,812, about $287 per account.

How the John Bowman Chevrolet, Inc. 401(k) changed, 2016–2021

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2016125$3.73 million$47,466$5,765
2017139$4.83 million$132,028$69,624
2018158$4.80 million$122,942$267,947
2019168$6.15 million$130,812$222,633
2020152$7.07 million$65,174$418,939
2021145$8.06 million$147,373$593,310

John Bowman Chevrolet, Inc. 401(k) Contact Information

Phone
248-575-5001
Mailing address
9603 DIXIE HIGHWAY, CLARKSTON MI 48348
Plan sponsor
JOHN BOWMAN CHEVROLET, INC.
Employer identification number (EIN)
38-2554837
Plan number
002

Questions about the John Bowman Chevrolet, Inc. 401(k)

Is the John Bowman Chevrolet, Inc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2021, and no later filing was found under this employer's EIN.

Does John Bowman Chevrolet, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2021 the employer contributed $147,373, 22% of all contributions.

Does the John Bowman Chevrolet, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the John Bowman Chevrolet, Inc 401(k) plan?

145 participants at the start of plan year 2021, 106 of them active employees, and 40 former employees who still had money in the plan.

What is the average 401(k) balance at John Bowman Chevrolet, Inc?

About $56,731 per account: $8.06 million in plan assets across 142 accounts with a balance at the end of plan year 2021.

Who manages the John Bowman Chevrolet, Inc 401(k) accounts?

SENTINEL BENEFITS GROUP, INC. is the plan's recordkeeper, which is where participants log in to see their balance.

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