Employers › Lear › plan 020
Recordkeeping fees per participant · Lear Corporation Hourly Retirement Savings Plan · plan year 2024
$0.45
Higher than 0% of the 5,847 plans $50 to 250M that report it.
= $2,145 / 4,760
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251002073151NAL0000322384001, received 2025-10-02
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251002073151NAL0000322384001, received 2025-10-02
Percentiles compare this plan with the Schedule H plans $50 to 250M 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 2025-10-02.
Administrative expenses excluding investment management, per participant
$0.85
Higher than 0% of the 8,758 plans $50 to 250M that report it.
= $4,040 / 4,760
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251002073151NAL0000322384001, received 2025-10-02
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251002073151NAL0000322384001, received 2025-10-02
Administrative expenses per participant
$26.66
Higher than 9% of the 9,042 plans $50 to 250M that report it.
= $126,911 / 4,760
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251002073151NAL0000322384001, received 2025-10-02
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251002073151NAL0000322384001, received 2025-10-02
Administrative expenses as a share of assets
0.071%
Higher than 27% of the 9,049 plans $50 to 250M that report it.
= $126,911 / $179,108,573
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251002073151NAL0000322384001, received 2025-10-02
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251002073151NAL0000322384001, received 2025-10-02
Employer contributions per participant
$1,037
Higher than 11% of the 9,105 plans $50 to 250M that report it.
= $4,935,031 / 4,760
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251002073151NAL0000322384001, received 2025-10-02
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251002073151NAL0000322384001, received 2025-10-02
Employer share of total contributions
28.2%
Higher than 45% of the 9,112 plans $50 to 250M that report it.
= $4,935,031 / $17,517,258
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251002073151NAL0000322384001, received 2025-10-02
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251002073151NAL0000322384001, received 2025-10-02
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2T default investment (QDIA) · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251002073151NAL0000322384001, received 2025-10-02
| Field | Value | Source |
|---|---|---|
| Plan sponsor | LEAR CORPORATION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251002073151NAL0000322384001, received 2025-10-02 |
| Plan name | LEAR CORPORATION HOURLY RETIREMENT SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251002073151NAL0000322384001, received 2025-10-02 |
| Sponsor EIN / plan number | 13-3386776 / 020 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251002073151NAL0000322384001, received 2025-10-02 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251002073151NAL0000322384001, received 2025-10-02 |
| Sponsor location | SOUTHFIELD, MI | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251002073151NAL0000322384001, received 2025-10-02 |
| Industry (business code) | 336300, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251002073151NAL0000322384001, received 2025-10-02 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251002073151NAL0000322384001, received 2025-10-02 |
| Filing received | 2025-10-02 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251002073151NAL0000322384001, received 2025-10-02 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251002073151NAL0000322384001, received 2025-10-02 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251002073151NAL0000322384001, received 2025-10-02 |
| Participants, beginning of year | 7,393 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251002073151NAL0000322384001, received 2025-10-02 |
| Active participants | 6,562 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251002073151NAL0000322384001, received 2025-10-02 |
| Participants, end of year | 7,350 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251002073151NAL0000322384001, received 2025-10-02 |
| Participants with an account balance | 4,760 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251002073151NAL0000322384001, received 2025-10-02 |
| Total assets, beginning of year | $160,930,899 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251002073151NAL0000322384001, received 2025-10-02 |
| Total assets, end of year | $179,108,573 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251002073151NAL0000322384001, received 2025-10-02 |
| Net assets, end of year | $179,049,645 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251002073151NAL0000322384001, received 2025-10-02 |
| Total income | $37,896,143 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251002073151NAL0000322384001, received 2025-10-02 |
| Net income | $17,113,634 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251002073151NAL0000322384001, received 2025-10-02 |
| Employer contributions | $4,935,031 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251002073151NAL0000322384001, received 2025-10-02 |
| Participant contributions | $12,066,364 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251002073151NAL0000322384001, received 2025-10-02 |
| Other contributions (incl. rollovers) | $515,863 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251002073151NAL0000322384001, received 2025-10-02 |
| Total contributions | $17,517,258 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251002073151NAL0000322384001, received 2025-10-02 |
| Benefit payments | $20,431,372 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251002073151NAL0000322384001, received 2025-10-02 |
| Total expenses (incl. benefit payments) | $20,782,509 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251002073151NAL0000322384001, received 2025-10-02 |
| Total administrative expenses | $126,911 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251002073151NAL0000322384001, received 2025-10-02 |
| Recordkeeping fees | $2,145 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251002073151NAL0000322384001, received 2025-10-02 |
| Investment advisory and management fees | $122,871 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251002073151NAL0000322384001, received 2025-10-02 |
| Administrative expenses excluding investment management | $4,040 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251002073151NAL0000322384001, received 2025-10-02 |
| Held in common/collective trusts | $54,043,098 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251002073151NAL0000322384001, received 2025-10-02 |
| Held in mutual funds | $89,653,000 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251002073151NAL0000322384001, received 2025-10-02 |
| Independent auditor | ERNST & YOUNG LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251002073151NAL0000322384001, received 2025-10-02 |
Position = column in the DOL layout for form year 2024. Filing 20251002073151NAL0000322384001, received 2025-10-02.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| EMPOWER ADVISORY GROUP, LLC | NONE | 28 Investment management; 50 Direct payment from the plan | $122,646 | no |
| EMPOWER ANNUITY INS. CO. OF AMERICArecordkeeper | NONE | 15 Recordkeeping and information management; 21 Trustee (bank, trust company or similar); 37 Participant loan processing; 50 Direct payment from the plan; 51 Investment management fees paid directly by plan; 64 Recordkeeping fees | $2,370 | yes |
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 20251002073151NAL0000322384001, received 2025-10-02.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $160,930,899 | $179,108,573 | 11.3% |
| Participants with a balance | 4,484 | 4,760 | 6.2% |
| Administrative expenses | $114,728 | $126,911 | 10.6% |
| Recordkeeping fees per participant | $0.45 | $0.45 | -0.9% |
| Employer contributions | $3,855,496 | $4,935,031 | 28.0% |
Prior filing 20241015172931NAL0049139520001, received 2024-10-15; the plan years are contiguous.