Maguire Automotive, Llc 401(k) Plan: Login, Facts & Contact Information

Maguire Automotive, Llc 401(k) Plan Facts

Plan name
MAGUIRE AUTOMOTIVE GROUP, LLC 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
MAGUIRE AUTOMOTIVE, LLC
Participants
524 (493 active employees)
Former employees with a balance
49
Plan assets
$17,148,298 at Dec 31, 2023
Average account balance
$48,995 across 350 accounts
Employer contributions
$518,087 in plan year 2023 (16% of all contributions)
Recordkeeper
Empower Life & Annuity Insurance Co
Plan year
Jan 1, 2023 – Dec 31, 2023
Plan established
Mar 1, 2008
✓ 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 2023 (Jan 1, 2023 – Dec 31, 2023), filed Oct 4, 2024. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2023

  • $3.16 million went into the plan in contributions, $518,087 of it from the employer (16%).
  • $721,723 was paid out to participants.
  • Investment and other income added $1.89 million.
  • Administrative expenses were $49,679, about $142 per account.

How the Maguire Automotive, Llc 401(k) changed, 2018–2023

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2018115$7.70 million$48,753$106,972
2019393$9.97 million$285,669$1.29 million
2020429$12.4 million$311,752$456,494
2021431$13.8 million$431,570$1.84 million
2022442$12.9 million$406,401$590,678
2023524$17.1 million$518,087$721,723

Maguire Automotive, Llc 401(k) Contact Information

Phone
607-697-9089
Mailing address
318 ELMIRA ROAD, ITHACA NY 14850
Plan sponsor
MAGUIRE AUTOMOTIVE, LLC
Plan administrator
NORTHEAST RETIREMENT SERVICES, LLC
Employer identification number (EIN)
26-0547998
Plan number
001

Questions about the Maguire Automotive, Llc 401(k)

Does Maguire Automotive, Llc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2023 the employer contributed $518,087, 16% of all contributions.

Does the Maguire Automotive, Llc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Maguire Automotive, Llc 401(k) plan?

524 participants at the start of plan year 2023, 493 of them active employees, and 49 former employees who still had money in the plan.

What is the average 401(k) balance at Maguire Automotive, Llc?

About $48,995 per account: $17.1 million in plan assets across 350 accounts with a balance at the end of plan year 2023.

Who manages the Maguire Automotive, Llc 401(k) accounts?

Empower (listed on the filing as EMPOWER LIFE & ANNUITY INSURANCE CO) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Maguire Automotive, Llc. How do I access my 401(k)?

Your account stays with Empower 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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