What is a 401(k) Plan? Why Should You Participate?

Free Money – For Associates eligible to participate in the Plan and receive the Match, AutoNation will match your contributions. You will receive $.50 for every dollar up to 4 percent of your eligible compensation. In other words, for every $4 you defer to the Plan, the Company will contribute $2. up to 4% of your eligible compensation.

Tax Advantage – Your contributions are deducted out of your paycheck before income taxes are withheld, reducing your taxable income.

Invest in you - The Plan offers you with a wide range of investment options to allow you to grow your savings over time.