Mcgrath Automotive Group, Inc. 401(k) Plan: Login, Facts & Contact Information

Mcgrath Automotive Group, Inc. 401(k) Plan Facts

Plan name
MCGRATH AUTOMOTIVE GROUP, INC. 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
MCGRATH AUTOMOTIVE GROUP, INC.
Participants
816 (663 active employees)
Former employees with a balance
130
Plan assets
$49,573,557 at Dec 31, 2024
Average account balance
$68,283 across 726 accounts
Employer contributions
$999,477 in plan year 2024 (24% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 10, 1973
✓ 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 13, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $4.13 million went into the plan in contributions, $999,477 of it from the employer (24%).
  • $5.97 million was paid out to participants.
  • Investment and other income added $6.23 million.
  • Administrative expenses were $179,510, about $247 per account.

How the Mcgrath Automotive Group, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019681$33.6 million$767,214$2.68 million
2020739$38.6 million$783,619$3.00 million
2021761$43.9 million$909,907$4.71 million
2022734$37.9 million$1.02 million$3.07 million
2023793$45.4 million$1.08 million$3.64 million
2024816$49.6 million$999,477$5.97 million

Mcgrath Automotive Group, Inc. 401(k) Contact Information

Phone
319-393-6300
Mailing address
1600 51ST ST NE, CEDAR RAPIDS IA 524022447
Plan sponsor
MCGRATH AUTOMOTIVE GROUP, INC.
Employer identification number (EIN)
42-1035653
Plan number
002

Questions about the Mcgrath Automotive Group, Inc. 401(k)

Does Mcgrath Automotive Group, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $999,477, 24% of all contributions.

Does the Mcgrath Automotive Group, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Mcgrath Automotive Group, Inc 401(k) plan?

816 participants at the start of plan year 2024, 663 of them active employees, and 130 former employees who still had money in the plan.

What is the average 401(k) balance at Mcgrath Automotive Group, Inc?

About $68,283 per account: $49.6 million in plan assets across 726 accounts with a balance at the end of plan year 2024.

Who manages the Mcgrath Automotive Group, Inc 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 Mcgrath Automotive Group, Inc. 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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