Lear 401(k) match, vesting and fees
What Lear's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Ins. Co. of America | Schedule C ↗ |
| Independent auditor | Ernst & Young LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,622 defined-contribution plans in manufacturing with 1,000 to 4,999 participants.
| Lear: employer contribution per participant | $1,037 | |
| Peer median | $2,413 |
| Lear: average balance | $37,615 | |
| Peer median | $86,434 |
| Lear: admin expenses ÷ assets | 0.07% | |
| 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 $161M at the end of plan year 2023 to $179M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 7,350 | $179M | $4.9M | $1,037 | 0.07% | Not published | Form 5500 ↗ |
| 2023 | 7,258 | $161M | $3.9M | $860 | 0.08% | Not published | Form 5500 ↗ |
Other Lear plans (3)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Lear Corporation Salaried Retirement Program
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Ins. Co. of America | Schedule C ↗ |
| Independent auditor | Ernst & Young LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Lear Combined Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Willis Towers Watson US LLC | Schedule C ↗ |
| Independent auditor | Ernst & Young (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Lear Corporation Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Willis Towers Watson US LLC | Schedule C ↗ |
| Independent auditor | Ernst & Young (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Common questions
Does Lear match 401(k) contributions?
The match terms for the Lear Corporation Hourly Retirement Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $4.9M in employer contributions, about $1,037 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Lear 401(k) match vested?
The vesting schedule for the Lear Corporation Hourly Retirement Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Lear 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Ins. Co. of America. The plan administrator is Lear Corporation.
I left Lear. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Lear Corporation, (248) 447-1500) or the recordkeeper, Empower Annuity Ins. Co. of America. The Lear old 401(k) page lists the contacts from every plan filing. Find an old Lear 401(k)
Data from the public Form 5500 annual reports Lear filed with the U.S. Department of Labor (plan years 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 Lear. Not financial advice. Report a correction · Methodology