Nyle Maxwell Gmc, Llc 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.

Nyle Maxwell Gmc, Llc 401(k) Plan Facts (plan year 2021)

Plan name
NYLE MAXWELL FAMILY OF DEALERSHIPS 401(K) AND PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
NYLE MAXWELL GMC, LLC
Participants
654 (356 active employees)
Former employees with a balance
414
Plan assets
$27,777,108 at Dec 31, 2021
Average account balance
$36,357 across 764 accounts
Employer contributions
$3,047,997 in plan year 2021 (60% of all contributions)
Recordkeeper
Transamerica Retirement Solutions
Plan year
Jan 1, 2021 – Dec 31, 2021
Plan established
Jan 1, 2006
✓ 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

  • $5.09 million went into the plan in contributions, $3.05 million of it from the employer (60%).
  • $862,794 was paid out to participants.
  • Investment and other income added $3.27 million.
  • Administrative expenses were $74,581, about $98 per account.

How the Nyle Maxwell Gmc, Llc 401(k) changed, 2016–2021

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2016278$9.25 million$1.39 million$692,100
2017352$11.1 million$318,616$1.03 million
2018433$12.3 million$1.87 million$1.07 million
2019487$16.6 million$1.05 million$882,842
2020587$20.4 million$1.79 million$2.11 million
2021654$27.8 million$3.05 million$862,794

Nyle Maxwell Gmc, Llc 401(k) Contact Information

Phone
512-493-8136
Mailing address
13401 NORTH FM 620, AUSTIN TX 78717
Plan sponsor
NYLE MAXWELL GMC, LLC
Employer identification number (EIN)
20-4588326
Plan number
001

Questions about the Nyle Maxwell Gmc, Llc 401(k)

Is the Nyle Maxwell Gmc, Llc 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 Nyle Maxwell Gmc, Llc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2021 the employer contributed $3.05 million, 60% of all contributions.

Does the Nyle Maxwell Gmc, Llc 401(k) have automatic enrollment?

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

How many people are in the Nyle Maxwell Gmc, Llc 401(k) plan?

654 participants at the start of plan year 2021, 356 of them active employees, and 414 former employees who still had money in the plan.

What is the average 401(k) balance at Nyle Maxwell Gmc, Llc?

About $36,357 per account: $27.8 million in plan assets across 764 accounts with a balance at the end of plan year 2021.

Who manages the Nyle Maxwell Gmc, Llc 401(k) accounts?

Transamerica (listed on the filing as TRANSAMERICA RETIREMENT SOLUTIONS) is the plan's recordkeeper, which is where participants log in to see their balance.

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