Plan Ledger DOL Form 5500 · updated monthly

Lithia Motors, Inc.401(k)

LITHIA MOTORS, INC. 401(K) PLAN · MEDFORD, OR · plan year 2024

Reported admin expense ratio · 2024
0.18%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Lithia Motors, Inc. reported $1,716,511 in plan administrative expenses for 2024: 0.18% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,631 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.22% to 0.18%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other retail trade employers. By assets it is the 13th-largest of 1,021 plans among Oregon employers on file, and the 60th of 5,215 in retail trade. In 2024, employees put in $2.74 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,025,498,595
Participants with balances26,680
Active participants23,444
Employer contributions$38,229,156
Employee contributions$104,932,723
Employer contribution per active participant$1,631
Average account balance$38,437
Benefits paid to participants$136,807,825
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.0B · 26,680 accts · $38.2M emplr
2023$862.2M · 26,750 accts · $70.1M emplr
2022$627.5M · 26,052 accts · $18.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,633,011
Investment management$58,500
Audit (IQPA)$25,000
Total administrative$1,716,511
The Lithia Motors, Inc. 401(k) match · 2024
Employer contribution per active participant$1,631
Median for plans this size$4,294
2024$1,631 per active participant
2023$2,840 per active participant
2022$769 per active participant

Lithia Motors, Inc.'s 2024 employer contribution ran below the $4,294 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$1,633,011
DESCHUTES INVESTMENT CONSULTING, LL$58,500
KBF CPAS LLP · Accounting / audit$25,000

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$1,716,511 · 0.18%
2023$937,230 · 0.13%
2022$1,461,614 · 0.22%
Same employer
Similar plansRetail Trade · Oregon
Autozone, Inc. TN$1.1B · 0.10%
Hannaford Bros. Co., LLC ME$1.1B · 0.05%
7-ELEVEN, Inc. OH$1.0B · 0.17%
Ross Stores, Inc. CA$1.0B · 0.06%
The Save Mart Companies CA$993.0M · 0.11%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 930572810 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.