Plan Snapshot
- Plan Sponsor: Lear Corporation
- Sponsor EIN: 133386776
- Sponsor Address: 21557 TELEGRAPH ROAD, SOUTHFIELD, MI, 480334248
- Plan Type: 401(k)
- Total Participants: 2,813
- Total Assets: $1.2B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,813 | $1.2B | $39.3M | $35.2M |
| 2023 | 2,965 | $1.1B | $36.2M | $33.5M |
| 2022 | 2,852 | $927.6M | $32.6M | $31.6M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| ERNST & YOUNG LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ERNST & YOUNG LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,189,761 | $1,184,061 | — | — | — |
| 2023 | $1,098,890 | $1,076,419 | — | — | — |
| 2022 | $1,314,135 | $1,259,000 | — | — | $31,205 |