Plan Snapshot
- Plan Sponsor: Lear Corporation
- Sponsor EIN: 133386776
- Sponsor Address: 21557 TELEGRAPH ROAD, SOUTHFIELD, MI, 48033
- Plan Type: DB
- Total Participants: 570
- Total Assets: $117.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 570 | $117.7M | $0 | $0 |
| 2023 | 655 | $143.8M | $0 | $0 |
| 2022 | 704 | $136.6M | $0 | $0 |
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 |
|---|---|---|---|---|
| WILLIS TOWERS WATSON US LLC | Recordkeeper | $1,456,458 | — | $1,456,458 |
| MORGAN STANLEY SMITH BARNEY LLC | Recordkeeper | $178,390 | — | $178,390 |
| SUN LIFE CAPITAL MANAGEMENT(U.S)LLC | Other Service Provider | $130,662 | — | $130,662 |
| THE NORTHERN TRUST COMPANY | Other Service Provider | $93,313 | — | $93,313 |
| WESTFIELD CAPITAL MANAGEMENT CO. LP | Other Service Provider | $33,991 | — | $33,991 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON US LLC — Recordkeeper
- MORGAN STANLEY SMITH BARNEY LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,892,814
- Estimated Expense Ratio: 1.608% of plan assets
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 | $2,692,498 | $346,290 | — | — | — |
| 2023 | $2,345,681 | $178,155 | — | — | — |
| 2022 | $2,709,864 | $315,048 | — | — | $876,625 |