Young Chevrolet Company 401(k) Plan: Login, Facts & Contact Information

Young Chevrolet Company 401(k) Plan Facts

Plan name
YOUNG AUTOMOTIVE GROUP 401(K) PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
YOUNG CHEVROLET COMPANY
Participants
1,604 (1,234 active employees)
Former employees with a balance
217
Plan assets
$38,921,733 at Dec 31, 2024
Average account balance
$28,123 across 1,384 accounts
Employer contributions
$745,489 in plan year 2024 (14% of all contributions)
Recordkeeper
Capital Group Retirement Plan Svcs.
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1985
✓ 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 Jun 24, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $5.41 million went into the plan in contributions, $745,489 of it from the employer (14%).
  • $4.30 million was paid out to participants.
  • Investment and other income added $4.46 million.
  • Administrative expenses were $128,101, about $93 per account.

How the Young Chevrolet Company 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019835$19.7 million$304,318$674,058
2020925$24.4 million$371,520$953,339
20211,115$29.5 million$451,019$2.00 million
20221,086$27.7 million$628,148$1.68 million
20231,259$33.5 million$687,578$3.95 million
20241,604$38.9 million$745,489$4.30 million

Young Chevrolet Company 401(k) Contact Information

Phone
385-262-2294
Mailing address
645 NORTH MAIN STREET, LAYTON UT 84041
Plan sponsor
YOUNG CHEVROLET COMPANY
Employer identification number (EIN)
87-0253320
Plan number
003

Questions about the Young Chevrolet Company 401(k)

Does Young Chevrolet Company contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $745,489, 14% of all contributions.

Does the Young Chevrolet Company 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Young Chevrolet Company 401(k) plan?

1,604 participants at the start of plan year 2024, 1,234 of them active employees, and 217 former employees who still had money in the plan.

What is the average 401(k) balance at Young Chevrolet Company?

About $28,123 per account: $38.9 million in plan assets across 1,384 accounts with a balance at the end of plan year 2024.

Who manages the Young Chevrolet Company 401(k) accounts?

Capital Group / American Funds (listed on the filing as CAPITAL GROUP RETIREMENT PLAN SVCS.) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Young Chevrolet Company. How do I access my 401(k)?

Your account stays with Capital Group / American Funds 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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