Employers › Lithia Motors
Recordkeeping fees per participant · Lithia Motors, Inc. 401(k) Plan · plan year 2024
$61.21
Higher than 93% of the 790 plans over $1B that report it.
= $1,633,011 / 26,680
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015142206NAL0002561763001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015142206NAL0002561763001, received 2025-10-15
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-15.
Administrative expenses excluding investment management, per participant
$62.14
Higher than 74% of the 1,045 plans over $1B that report it.
= $1,658,011 / 26,680
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015142206NAL0002561763001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015142206NAL0002561763001, received 2025-10-15
Administrative expenses per participant
$64.34
Higher than 46% of the 1,076 plans over $1B that report it.
= $1,716,511 / 26,680
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015142206NAL0002561763001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015142206NAL0002561763001, received 2025-10-15
Administrative expenses as a share of assets
0.167%
Higher than 97% of the 1,076 plans over $1B that report it.
= $1,716,511 / $1,025,498,595
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015142206NAL0002561763001, received 2025-10-15
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015142206NAL0002561763001, received 2025-10-15
Employer contributions per participant
$1,433
Higher than 10% of the 1,135 plans over $1B that report it.
= $38,229,156 / 26,680
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015142206NAL0002561763001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015142206NAL0002561763001, received 2025-10-15
Employer share of total contributions
22.2%
Higher than 15% of the 1,135 plans over $1B that report it.
= $38,229,156 / $171,854,746
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015142206NAL0002561763001, received 2025-10-15
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015142206NAL0002561763001, received 2025-10-15
Employer match
“For employee contributions made in 2025, the Company approved discretionary matching contributions equal to 100% of the first $2,500 of the employee contributions.”
Form 11-K filed 2026-06-26, for the year ended 2025-12-31 · plan description note, contributions · source document
Vesting
“Notes Receivable from Participants – Participants may borrow from their fund accounts a minimum of $500 and a maximum equal to the lesser of $50,000 or 50% of their vested account balance.”
Form 11-K filed 2026-06-26, for the year ended 2025-12-31 · plan description note, vesting · source document
Automatic enrollment
“Eligible employees are automatically enrolled in the Plan with a contribution of 3% of eligible compensation along with an automatic increase of 1% each year up to a maximum of 8%, unless the employee affirmatively elects otherwise.”
Form 11-K filed 2026-06-26, for the year ended 2025-12-31 · plan description note, contributions · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251015142206NAL0002561763001, received 2025-10-15
| Field | Value | Source |
|---|---|---|
| Plan sponsor | LITHIA MOTORS, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251015142206NAL0002561763001, received 2025-10-15 |
| Plan name | LITHIA MOTORS, INC. 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251015142206NAL0002561763001, received 2025-10-15 |
| Sponsor EIN / plan number | 93-0572810 / 003 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251015142206NAL0002561763001, received 2025-10-15 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251015142206NAL0002561763001, received 2025-10-15 |
| Sponsor location | MEDFORD, OR | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251015142206NAL0002561763001, received 2025-10-15 |
| Industry (business code) | 441110, Retail trade | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251015142206NAL0002561763001, received 2025-10-15 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251015142206NAL0002561763001, received 2025-10-15 |
| Filing received | 2025-10-15 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251015142206NAL0002561763001, received 2025-10-15 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251015142206NAL0002561763001, received 2025-10-15 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251015142206NAL0002561763001, received 2025-10-15 |
| Participants, beginning of year | 30,318 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251015142206NAL0002561763001, received 2025-10-15 |
| Active participants | 23,444 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251015142206NAL0002561763001, received 2025-10-15 |
| Participants, end of year | 30,021 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251015142206NAL0002561763001, received 2025-10-15 |
| Participants with an account balance | 26,680 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015142206NAL0002561763001, received 2025-10-15 |
| Total assets, beginning of year | $862,169,898 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251015142206NAL0002561763001, received 2025-10-15 |
| Total assets, end of year | $1,025,498,595 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015142206NAL0002561763001, received 2025-10-15 |
| Net assets, end of year | $1,025,498,595 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251015142206NAL0002561763001, received 2025-10-15 |
| Total income | $302,216,576 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251015142206NAL0002561763001, received 2025-10-15 |
| Net income | $163,328,697 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251015142206NAL0002561763001, received 2025-10-15 |
| Employer contributions | $38,229,156 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015142206NAL0002561763001, received 2025-10-15 |
| Participant contributions | $104,932,723 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251015142206NAL0002561763001, received 2025-10-15 |
| Other contributions (incl. rollovers) | $28,692,867 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251015142206NAL0002561763001, received 2025-10-15 |
| Total contributions | $171,854,746 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015142206NAL0002561763001, received 2025-10-15 |
| Benefit payments | $136,807,825 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251015142206NAL0002561763001, received 2025-10-15 |
| Total expenses (incl. benefit payments) | $138,887,879 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251015142206NAL0002561763001, received 2025-10-15 |
| Total administrative expenses | $1,716,511 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015142206NAL0002561763001, received 2025-10-15 |
| Recordkeeping fees | $1,633,011 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015142206NAL0002561763001, received 2025-10-15 |
| IQPA audit fees | $25,000 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251015142206NAL0002561763001, received 2025-10-15 |
| Investment advisory and management fees | $58,500 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251015142206NAL0002561763001, received 2025-10-15 |
| Administrative expenses excluding investment management | $1,658,011 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015142206NAL0002561763001, received 2025-10-15 |
| Held in common/collective trusts | $618,130,795 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251015142206NAL0002561763001, received 2025-10-15 |
| Held in mutual funds | $332,036,474 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251015142206NAL0002561763001, received 2025-10-15 |
| Independent auditor | KBF CPAS - AUDIT, LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251015142206NAL0002561763001, received 2025-10-15 |
Position = column in the DOL layout for form year 2024. Filing 20251015142206NAL0002561763001, received 2025-10-15.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER AND Srecordkeeper | RECORDKEEPER | 15 Recordkeeping and information management; 52 Investment management fees paid indirectly by plan; 60 Sub-transfer agency fees; 62 Float revenue; 71 Securities brokerage commissions and fees; 72 Other investment fees and expenses | $1,633,011 | yes |
| DESCHUTES INVESTMENT CONSULTING, LL | CONSULTANT | 70 Consulting fees | $58,500 | no |
| KBF CPAS LLP | ACCOUNTANT | 10 Accounting (including auditing) | $25,000 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251015142206NAL0002561763001, received 2025-10-15.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $862,169,898 | $1,025,498,595 | 18.9% |
| Participants with a balance | 26,750 | 26,680 | -0.3% |
| Administrative expenses | $937,230 | $1,716,511 | 83.1% |
| Recordkeeping fees per participant | $56.82 | $61.21 | 7.7% |
| Employer contributions | $70,073,531 | $38,229,156 | -45.4% |
Prior filing 20260122193841NAL0004899729001, received 2026-01-22; the plan years are contiguous.
Sponsor name as filed: LITHIA MOTORS, INC.; SEC registrant: LITHIA MOTORS INC (CIK 1023128, matched by EIN; display name from the Form 11-K cover).