What is a 401(k) Plan?

A 401(k) plan is a retirement savings account that allows you to contribute a percentage of your pay that is invested in a range of options, like stocks, bonds and mutual funds. The AutoNation 401(k) Plan is an important part of your total benefits package.

Why Should You Participate?

Tax Advantage – The AutoNation 401(k) Plan offers two options for tax savings within the Plan:

401(k) option – Your contributions are deducted from your paycheck before income taxes are withheld, reducing your taxable income. You pay taxes on your contributions when you make withdrawals in retirement¹.

Roth option – Your contributions are deducted from your paycheck after income taxes are withheld, reducing your taxable income. You pay no taxes on your contributions and related earnings when you make withdrawals in retirement¹.

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

¹Subject to IRS restrictions.