O'Reilly Auto Parts 401(k) match, vesting and fees
What O'Reilly Auto Parts' 401(k) plan says about matching contributions
The Plan provides for a Company match of 100% of the first 2% of each participant’s voluntary contribution and 25% of the next 4% of each participant’s voluntary contribution, funded in conjunction with the employee 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. 30 ↗ |
| Match vesting | Participants are immediately vested in all voluntary contributions and actual earnings on these contributions. Employer contributions, and earnings on employer contributions, vest based on years of service with the Company at a rate of 33% per year from years two through four and are 100% vested after four years of service. In addition, upon a participant’s death or disability, as defined in the Plan document, all employer contributions, and earnings on employer contributions, become 100% vested. | Audit report, p. 30 ↗ |
| Automatic enrollment | Eligible team members are automatically enrolled in the Plan at a contribution rate of 2% of their annual eligible compensation. | Audit report, p. 30 ↗ |
| Loans | Participants are entitled to borrow from the Plan up to the lesser of $50 thousand or 50% of their vested account balance at a rate equal to one percentage point above the prime interest rate in effect, as reported in The Wall Street Journal, on the last business day of the month prior to the date the loan is made. Funds borrowed from the plan as well as the applicable interest are repaid by payroll deductions over a period no longer than 15 years and are secured by the participant’s vested account balance. | Audit report, p. 30 ↗ |
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Ernst & Young LLP (unmodified opinion) | 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 22 defined-contribution plans in retail trade with 50,000 or more participants.
| O'Reilly Auto Parts: employer contribution per participant | $738 | |
| Peer median | $1,179 |
| O'Reilly Auto Parts: average balance | $26,452 | |
| Peer median | $58,043 |
| O'Reilly Auto Parts: admin expenses ÷ assets | 0.18% | |
| Peer median | 0.09% |
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 $1.6B at the end of plan year 2023 to $1.9B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 91,899 | $1.9B | $52M | $738 | 0.18% | Quoted in the audit report, p. 30 ↗ | Form 5500 ↗ |
| 2023 | 87,528 | $1.6B | $87.3M | $1,296 | 0.19% | Not published | Form 5500 ↗ |
Common questions
Does O'Reilly Auto Parts match 401(k) contributions?
The audit report attached to the O'Reilly Automotive, Inc. Profit Sharing and Savings Plan's plan year 2024 Form 5500, page 30 says: “The Plan provides for a Company match of 100% of the first 2% of each participant’s voluntary contribution and 25% of the next 4% of each participant’s voluntary contribution, funded in conjunction with the employee contribution.” Plan terms may have changed; check your current Summary Plan Description.
When is the O'Reilly Auto Parts 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 30 says: “Participants are immediately vested in all voluntary contributions and actual earnings on these contributions. Employer contributions, and earnings on employer contributions, vest based on years of service with the Company at a rate of 33% per year from years two through four and are 100% vested after four years of service. In addition, upon a participant’s death or disability, as defined in the Plan document, all employer contributions, and earnings on employer contributions, become 100% vested.”
Who manages the O'Reilly Auto Parts 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is O'Reilly Automotive, Inc..
I left O'Reilly Auto Parts. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (O'Reilly Automotive, Inc., (417) 862-2674) or the recordkeeper, Fidelity Investments Institutional. The O'Reilly Auto Parts old 401(k) page lists the contacts from every plan filing. Find an old O'Reilly Auto Parts 401(k)
Data from the public Form 5500 annual reports O'Reilly Auto Parts 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 O'Reilly Auto Parts. Not financial advice. Report a correction · Methodology