401(k) · DOL Form 5500 · 2024
Lake Norman Motor Sales LLC 401(k) Plan
Data updated 2026-08-25
- N/A
- Total assets —
- 267
- Participants Below avg headcount
Official DOL plan name: Toyota Scion of North Charlotte 401(k) Plan · Sponsored by Lake Norman Motor Sales LLC · North Carolina · Retail Trade
N/A in assets, 267 participants
Lake Norman Motor Sales LLC's Toyota Scion of North Charlotte 401(k) Plan reported N/A in total assets and 267 participants in its 2024 DOL Form 5500 filing. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
Coverage in North Carolina
Toyota Scion of North Charlotte 401(k) Plan covers 267 participants in North Carolina, about 33% of the average North Carolina filer (state average ~819 per filing). Assets: N/A.
- -$3M
- reported net income
The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Toyota Scion of North Charlotte 401(k) Plan among mid-size filed plans by headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Toyota Scion of North Charlotte 401(k) Plan sits mid-pack in the medium band (267 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Toyota Scion of North Charlotte 401(k) Plan reported net income fell from $612K in the plan year 2023 filing to -$3M in the plan year 2024 filing.
- Toyota Scion of North Charlotte 401(k) Plan reported participants rose from 246 in the plan year 2023 filing to 267 in the plan year 2024 filing.
DOL schedule card
Filing strip 621850437 · Lake Norman Motor Sales LLC PY 2024 · 401(k)
Toyota Scion of North Charlotte 401(k) Plan · N/A · 267
- EIN N/A
- EIN 267
- EIN PY 2024
- EIN 401(k)
- EIN near Envirovac Holdings 401(k) Savings Plan
- EIN -$3M
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 →
North Carolina filing particulars
| Total Assets (Beginning of Year) | $3M |
|---|---|
| Net Assets (End of Year) | N/A |
| Net Income | -$3M |
| Employer EIN | 621850437 |
| Plan Effective Date | 2007-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Lake Norman Motor Sales LLC)
Sponsor-wide plan assets over time
All Lake Norman Motor Sales LLC plans reported in each filing year
- Latest sponsor-wide plan assets
- N/A
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 226 | $2M |
| 2023 | 1 | 246 | $3M |
| 2024 | 1 | 267 | N/A |
Nearby 401(k) Plans in North Carolina
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- The Bank of America 401(k) Plan $62.9B · 168,963
- Honeywell 401(k) Plan $16.3B · 39,468
- Duke Energy Retirement Savings Plan $11.3B · 27,341
- Nucor Corporation Profit Sharing and Retirement Savings Plan $9.3B · 27,070
- Truist Financial Corporation 401(k) Savings Plan $9.2B · 52,699
Toyota Scion of North Charlotte 401(k) Plan's closest out-of-state 401(k) peers by headcount
Outside North Carolina, the nearest 401(k) by covered participants is Envirovac Holdings 401(k) Savings Plan in GA (267 participants; this filing: 267 participants).
Similar participant headcount
Nearest other-state filings by covered participants (267 participants); asset peers above are excluded.
- Envirovac Holdings 401(k) Savings Plan (GA) 267 · 0 off
- Exotic Rubber & Plastics Corp. 401(k) Plan (MI) 267 · 0 off
- Mi Metals, Inc. 401(k) Savings Plan (FL) 267 · 0 off
- F. Korbel & Bros. 401(k) Retirement Plan (CA) 267 · 0 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.