401(k) · DOL Form 5500 · 2023

Modern Automotive Network, LLC 401(k) Plan

Data updated 2026-08-25

$25M
Total assets Small plan by assets
821
Participants Near avg headcount
76th
Percentile by assets National rank
$29,968
Avg per participant Low balance/head
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Official DOL plan name: Modern Automotive Network 401(k) and Profit Sharing Plan · Sponsored by Modern Automotive Network, LLC · North Carolina · Retail Trade

$25M in assets, 821 participants

Modern Automotive Network, LLC's Modern Automotive Network 401(k) and Profit Sharing Plan reported $25M in total assets and 821 participants in its 2023 DOL Form 5500 filing, ranking in the 76th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #7,179 in Retail Trade (8,414 peers)

Where Modern Automotive Network 401(k) and Profit Sharing Plan sits by assets

Modern Automotive Network 401(k) and Profit Sharing Plan sits in the top quartile of all filed plans by assets, $25M for 821 participants (~$29,968/participant), up 21.7% in 2023.

#7,179
in Retail Trade (8,414 peers)
+21.7%
assets growth YoY
0.2×
vs typical plan assets (national mean)

Modern Automotive Network 401(k) and Profit Sharing Plan's outsized position by total assets

Modern Automotive Network 401(k) and Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$24,603,532 Top 24% higher than 76% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Modern Automotive Network 401(k) and Profit Sharing Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Modern Automotive Network 401(k) and Profit Sharing Plan sits mid-pack in the medium band (821 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Modern Automotive Network 401(k) and Profit Sharing Plan reported net income rose from -$4M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Modern Automotive Network 401(k) and Profit Sharing Plan end-of-year assets rose from $20M in the plan year 2022 filing to $25M in the plan year 2023 filing.
  • Modern Automotive Network 401(k) and Profit Sharing Plan reported participants fell from 842 in the plan year 2022 filing to 821 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 562274042 · Modern Automotive Network, LLC PY 2023 · 401(k)

Modern Automotive Network 401(k) and Profit Sharing Plan · $25M · 821 · 76th

  • PCT $25M
  • PCT 821
  • PCT 76th
  • PCT 401(k)
  • PCT near Odfjell Holdings (US) Inc. 401(k) Plan
  • PCT ind #7179

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Retail Trade retirement plans → · Plans in North Carolina →

Modern Automotive Network 401(k) and Profit Sharing Plan in the asset neighbourhood

Quigg Bros., Inc. Profit Sharing Savings PlanQuigg Bros., Inc. Profit Sha…$25MNational Cart Co., LLC 401(k) Profit Sharing PlanNational Cart Co., LLC 401(k…$25MModern Automotive Network 401(k) and Profit Sharing PlanModern Automotive Network 40…$25MOdfjell Holdings (US) Inc. 401(k) PlanOdfjell Holdings (US) Inc. 4…$25MThe Partner Companies 401(k) PlanThe Partner Companies 401(k)…$25M
End-of-year total assets ($M) among Modern Automotive Network 401(k) and Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$20M
Net Assets (End of Year)$25M
Net Income$4M
Employer EIN562274042
Plan Effective Date1962-01-27
Filing StatusFILING RECEIVED

Sponsor Plan History (Modern Automotive Network, LLC)

Sponsor-wide plan assets over time

All Modern Automotive Network, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$26M 28.63859281920928% vs 2022
2024 filing year
$18M$20M$22M$24M$26M$28M 202220232024 $20.2M $26M ▲ +28.6%
Year Plans Participants Total Assets
2022 1 842 $20M
2023 1 821 $25M
2024 1 814 $26M

Nearby 401(k) Plans in North Carolina

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Modern Automotive Network 401(k) and Profit Sharing Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Modern Automotive Network 401(k) and Profit Sharing Plan, Total assets ($B): 0.024603532 · Participants: 821Modern Automotive Network 401(k) and Profit Sharing PlanThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
Modern Automotive Network 401(k) and Profit Sharing Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Modern Automotive Network 401(k) and Profit Sharing Plan side-by-side with 3 peers →

Modern Automotive Network 401(k) and Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Odfjell Holdings (US) Inc. 401(k) Plan in TX ($25M); by covered participants it is Tufts Medical Center Physicians Organization, Inc. 401(a) Retirement Plan in MA (821 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (821 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Modern Automotive Network 401(k) and Profit Sharing Plan assets move in 2023? ▼
Modern Automotive Network 401(k) and Profit Sharing Plan grew sharply - up 21.7% during 2023, from $20M to $25M. Reported net income was $4M.
How have Modern Automotive Network, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Modern Automotive Network, LLC's sponsor-wide assets grew 28.6%, from $20M to $26M.
Where does Modern Automotive Network 401(k) and Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Modern Automotive Network 401(k) and Profit Sharing Plan ranks in the 76th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Modern Automotive Network 401(k) and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Odfjell Holdings (US) Inc. 401(k) Plan in TX ($25M, 206 participants).
Which 401(k) plans cover a similar participant headcount to Modern Automotive Network 401(k) and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Tufts Medical Center Physicians Organization, Inc. 401(a) Retirement Plan in MA (821 participants, $435M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 562274042.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.