Vern Eide Motorcars, Inc. 401(k) Plan: Login, Facts & Contact Information

Vern Eide Motorcars, Inc. 401(k) Plan Facts

Plan name
VERN EIDE MOTORCARS, INC. 401K PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
VERN EIDE MOTORCARS, INC.
Participants
559 (395 active employees)
Former employees with a balance
179
Plan assets
$31,670,006 at Dec 31, 2024
Average account balance
$62,837 across 504 accounts
Employer contributions
$597,914 in plan year 2024 (23% of all contributions)
Recordkeeper
John Hancock Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1970
✓ 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 Jul 30, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $2.63 million went into the plan in contributions, $597,914 of it from the employer (23%).
  • $3.02 million was paid out to participants.
  • Investment and other income added $3.75 million.
  • Administrative expenses were $160,284, about $318 per account.

How the Vern Eide Motorcars, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019484$21.6 million$369,941$992,152
2020491$24.5 million$427,790$1.77 million
2021526$27.3 million$504,252$2.59 million
2022554$24.7 million$560,264$873,871
2023551$28.4 million$606,629$2.69 million
2024559$31.7 million$597,914$3.02 million

Vern Eide Motorcars, Inc. 401(k) Contact Information

Phone
605-362-9500
Mailing address
5200 S. LOUISE AVE., SIOUX FALLS SD 57108
Plan sponsor
VERN EIDE MOTORCARS, INC.
Employer identification number (EIN)
46-0281291
Plan number
001

Questions about the Vern Eide Motorcars, Inc. 401(k)

Does Vern Eide Motorcars, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $597,914, 23% of all contributions.

Does the Vern Eide Motorcars, Inc 401(k) have automatic enrollment?

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

How many people are in the Vern Eide Motorcars, Inc 401(k) plan?

559 participants at the start of plan year 2024, 395 of them active employees, and 179 former employees who still had money in the plan.

What is the average 401(k) balance at Vern Eide Motorcars, Inc?

About $62,837 per account: $31.7 million in plan assets across 504 accounts with a balance at the end of plan year 2024.

Who manages the Vern Eide Motorcars, Inc 401(k) accounts?

John Hancock (listed on the filing as JOHN HANCOCK LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Vern Eide Motorcars, Inc. How do I access my 401(k)?

Your account stays with John Hancock 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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