Plan Snapshot
- Plan Sponsor: Lithia Motors, INC.
- Sponsor EIN: 930572810
- Sponsor Address: 150 N BARTLETT ST, MEDFORD, OR, 97501
- Plan Type: 401(k)
- Total Participants: 23,444
- Total Assets: $1.0B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- 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 | 23,444 | $1.0B | $38.2M | $104.9M |
| 2023 | 24,675 | $862.2M | $70.1M | $104.7M |
| 2022 | 24,161 | $628.2M | $18.6M | $100.9M |
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 |
|---|---|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER AND S | RECORDKEEPER | $1,633,011 | — | $1,633,011 |
| DESCHUTES INVESTMENT CONSULTING, LL | CONSULTANT | $58,500 | — | $58,500 |
| KBF CPAS LLP | ACCOUNTANT | $25,000 | — | $25,000 |
| KBF CPAS - AUDIT, LLP | Auditor | $25,000 | — | $25,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KBF CPAS LLP — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,741,511
- Estimated Expense Ratio: 0.170% 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 | $1,716,511 | $58,500 | — | $25,000 | — |
| 2023 | $937,230 | $62,050 | — | $24,996 | — |
| 2022 | $1,461,614 | — | — | — | — |