Berkshire Hathaway Automotive 401(k) match, vesting and fees
What Berkshire Hathaway Automotive's 401(k) plan says about matching contributions
Company Discretionary Matching Contributions: The Company may elect to make a discretionary matching contribution equal to a percentage of each participant's salary deferral contribution.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 40 ↗ |
| Loans | G. Note Receivable from Participants: Under certain circumstances, participants may borrow from their account balances. The minimum amount of a loan is $1,000 and the maximum amount may not exceed the lesser of $50,000 or 50% of their vested account balance. The participant’s vested account balance is used as collateral for the loan. The loans bear interest at 1% over the prime rate fixed at the date of the loan. All loans must be repaid over a period of one to five years unless it is for the purchase of a principal residence, in which case, the loan may be repaid over a ten-year period. | Audit report, p. 41 ↗ |
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Marks Nelson (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 87 defined-contribution plans in retail trade with 10,000 to 49,999 participants.
| Berkshire Hathaway Automotive: employer contribution per participant | $293 | |
| Peer median | $1,215 |
| Berkshire Hathaway Automotive: average balance | $35,850 | |
| Peer median | $48,539 |
| Berkshire Hathaway Automotive: admin expenses ÷ assets | 0.01% | |
| Peer median | 0.12% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $418M at the end of plan year 2021 to $472M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 14,272 | $472M | $3.9M | $293 | 0.01% | Quoted in the audit report, p. 40 ↗ | Form 5500 ↗ |
| 2023 | 13,909 | $423M | $4.1M | $321 | 0.01% | Not published | Form 5500 ↗ |
| 2022 | 13,437 | $352M | $3.9M | $317 | 0.04% | Not published | Form 5500 ↗ |
| 2021 | 12,954 | $418M | $3.3M | $274 | 0.05% | Not published | Form 5500 ↗ |
Common questions
Does Berkshire Hathaway Automotive match 401(k) contributions?
The audit report attached to the The 401(k) Savings Plan's plan year 2024 Form 5500, page 40 says: “Company Discretionary Matching Contributions: The Company may elect to make a discretionary matching contribution equal to a percentage of each participant's salary deferral contribution.” Plan terms may have changed; check your current Summary Plan Description.
When is the Berkshire Hathaway Automotive 401(k) match vested?
The vesting schedule for the The 401(k) Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Berkshire Hathaway Automotive 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Berkshire Hathaway Automotive Inc..
I left Berkshire Hathaway Automotive. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Berkshire Hathaway Automotive Inc., (972) 536-2900) or the recordkeeper, Fidelity Investments Institutional. The Berkshire Hathaway Automotive old 401(k) page lists the contacts from every plan filing. Find an old Berkshire Hathaway Automotive 401(k)
Data from the public Form 5500 annual reports Berkshire Hathaway Automotive filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Berkshire Hathaway Automotive. Not financial advice. Report a correction · Methodology