Motor City Electric Co. 401(k) Plan: Login, Facts & Contact Information

Motor City Electric Co. 401(k) Plan Facts

Plan name
MOTOR CITY ELECTRIC CO. RETIREMENT PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
MOTOR CITY ELECTRIC CO.
Participants
339 (245 active employees)
Former employees with a balance
87
Plan assets
$55,343,943 at Sep 30, 2025
Average account balance
$174,587 across 317 accounts
Employer contributions
$5,327 in plan year 2024 (0% of all contributions)
Recordkeeper
The Vanguard Group, Inc.
Plan year
Oct 1, 2024 – Sep 30, 2025
Plan established
Oct 1, 1984
✓ 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 (Oct 1, 2024 – Sep 30, 2025), filed Jul 7, 2026. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $3.21 million went into the plan in contributions, $5,327 of it from the employer (0%).
  • $2.88 million was paid out to participants.
  • Investment and other income added $6.90 million.
  • Administrative expenses were $9,471, about $30 per account.

How the Motor City Electric Co. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019239$45.6 million$30,863$13.3 million
2020257$50.2 million$4,750$6.01 million
2021284$35.7 million$28,163$8.25 million
2022308$41.1 million$13,428$2.02 million
2023336$48.1 million$11,540$5.86 million
2024339$55.3 million$5,327$2.88 million

Motor City Electric Co. 401(k) Contact Information

Phone
313-921-5300
Mailing address
9440 GRINNELL STREET, DETROIT MI 482131151
Plan sponsor
MOTOR CITY ELECTRIC CO.
Employer identification number (EIN)
38-1405142
Plan number
002

Questions about the Motor City Electric Co. 401(k)

Does Motor City Electric Co contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $5,327, 0% of all contributions.

Does the Motor City Electric Co 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Motor City Electric Co 401(k) plan?

339 participants at the start of plan year 2024, 245 of them active employees, and 87 former employees who still had money in the plan.

What is the average 401(k) balance at Motor City Electric Co?

About $174,587 per account: $55.3 million in plan assets across 317 accounts with a balance at the end of plan year 2024.

Who manages the Motor City Electric Co 401(k) accounts?

Vanguard (listed on the filing as THE VANGUARD GROUP, INC.) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Motor City Electric Co. How do I access my 401(k)?

Your account stays with Vanguard 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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