Lithia Motors 401(k) match, vesting and fees
What Lithia Motors' 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 | Merrill Lynch, Pierce, Fenner and S | Schedule C ↗ |
| Independent auditor | Kbf Cpas - Audit, LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 87 defined-contribution plans in retail trade with 10,000 to 49,999 participants.
| Lithia Motors: employer contribution per participant | $1,433 | |
| Peer median | $1,215 |
| Lithia Motors: average balance | $38,437 | |
| Peer median | $48,539 |
| Lithia Motors: admin expenses ÷ assets | 0.18% | |
| 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 $712M at the end of plan year 2021 to $1B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 30,021 | $1B | $38.2M | $1,433 | 0.18% | Not published | Form 5500 ↗ |
| 2023 | 30,318 | $862M | $70.1M | $2,620 | 0.13% | Not published | Form 5500 ↗ |
| 2022 | 29,235 | $627M | $18.6M | $713 | 0.22% | Not published | Form 5500 ↗ |
| 2021 | 26,227 | $712M | $9M | $386 | 0.18% | Not published | Form 5500 ↗ |
Common questions
Does Lithia Motors match 401(k) contributions?
The match terms for the Lithia Motors, Inc. 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $38.2M in employer contributions, about $1,433 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Lithia Motors 401(k) match vested?
The vesting schedule for the Lithia Motors, Inc. 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Lithia Motors 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Merrill Lynch, Pierce, Fenner and S. The plan administrator is Lithia Motors, Inc..
I left Lithia Motors. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Lithia Motors, Inc., (800) 995-4125) or the recordkeeper, Merrill Lynch, Pierce, Fenner and S. The Lithia Motors old 401(k) page lists the contacts from every plan filing. Find an old Lithia Motors 401(k)
Data from the public Form 5500 annual reports Lithia Motors 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 Lithia Motors. Not financial advice. Report a correction · Methodology