M & M Automotive, Inc. Dba Karl Malone Toyota 401(k) Plan: Login, Facts & Contact Information

M & M Automotive, Inc. Dba Karl Malone Toyota 401(k) Plan Facts

Plan name
TEAM KARL MALONE 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
M&M AUTOMOTIVE, INC.
Participants
716 (623 active employees)
Former employees with a balance
93
Plan assets
$23,671,898 at Dec 31, 2024
Average account balance
$34,011 across 696 accounts
Employer contributions
$1,277,136 in plan year 2024 (33% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 2010
✓ 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 15, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $3.89 million went into the plan in contributions, $1.28 million of it from the employer (33%).
  • $2.90 million was paid out to participants.
  • Investment and other income added $2.64 million.
  • Administrative expenses were $124,176, about $178 per account.

How the M & M Automotive, Inc. Dba Karl Malone Toyota 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019294$10.0 million$419,403$387,277
2020426$11.4 million$592,758$1.27 million
2021517$14.3 million$777,661$1.21 million
2022558$15.1 million$1.10 million$382,186
2023598$20.2 million$1.18 million$1.05 million
2024716$23.7 million$1.28 million$2.90 million

M & M Automotive, Inc. Dba Karl Malone Toyota 401(k) Contact Information

Phone
801-553-5800
Mailing address
11453 LONE PEAK PARKWAY, DRAPER UT 84020
Plan sponsor
M&M AUTOMOTIVE, INC.
Employer identification number (EIN)
87-0571961
Plan number
002

Questions about the M & M Automotive, Inc. Dba Karl Malone Toyota 401(k)

Does M & M Automotive, Inc. Dba Karl Malone Toyota contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $1.28 million, 33% of all contributions.

Does the M & M Automotive, Inc. Dba Karl Malone Toyota 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the M & M Automotive, Inc. Dba Karl Malone Toyota 401(k) plan?

716 participants at the start of plan year 2024, 623 of them active employees, and 93 former employees who still had money in the plan.

What is the average 401(k) balance at M & M Automotive, Inc. Dba Karl Malone Toyota?

About $34,011 per account: $23.7 million in plan assets across 696 accounts with a balance at the end of plan year 2024.

Who manages the M & M Automotive, Inc. Dba Karl Malone Toyota 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 M & M Automotive, Inc. Dba Karl Malone Toyota. 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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