# Lithia Motors, INC. 401(k) Plan
Source: https://planprovider.pro/companies/lithia-motors-inc-401k-plan

> Lithia Motors, INC.'s 401(k) plan: 23,444 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|—|—|

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