Modern Automotive Network 401(k) match, vesting and fees
What Modern Automotive Network's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Insurance Company O | Schedule C ↗ |
| Independent auditor | Cliftonlarsonallen LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 3,141 defined-contribution plans in retail trade with 100 to 499 participants.
| Modern Automotive Network: employer contribution per participant | $621 | |
| Peer median | $1,216 |
| Modern Automotive Network: average balance | $53,498 | |
| Peer median | $50,590 |
| Modern Automotive Network: admin expenses ÷ assets | 0.39% | |
| Peer median | 0.43% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $23.9M at the end of plan year 2021 to $26M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,059 | $26M | $302K | $621 | 0.39% | Not published | Form 5500 ↗ |
| 2023 | 899 | $24.6M | $0 | $0 | 0.35% | Not published | Form 5500 ↗ |
| 2022 | 866 | $20.2M | $0 | $0 | 0.33% | Not published | Form 5500 ↗ |
| 2021 | 892 | $23.9M | $0 | $0 | 0.30% | Not published | Form 5500 ↗ |
Common questions
Does Modern Automotive Network match 401(k) contributions?
The match terms for the Modern Automotive Network 401(k) and Profit Sharing Plan have not been published from its filing yet. The plan year 2024 filing reports $302K in employer contributions, about $621 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Modern Automotive Network 401(k) match vested?
The vesting schedule for the Modern Automotive Network 401(k) and Profit Sharing Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Modern Automotive Network 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company O. The plan administrator is Modern Automotive Network, LLC.
I left Modern Automotive Network. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Modern Automotive Network, LLC, (336) 448-2963) or the recordkeeper, Empower Annuity Insurance Company O. The Modern Automotive Network old 401(k) page lists the contacts from every plan filing. Find an old Modern Automotive Network 401(k)
Data from the public Form 5500 annual reports Modern Automotive Network filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Modern Automotive Network. Not financial advice. Report a correction · Methodology