Retirement plan

LEAR CORPORATION HOURLY RETIREMENT SAVINGS PLAN

Name: LEAR CORPORATION - LEAR CORPORATION HOURLY RETIREMENT SAVINGS PLAN (2016) Form 5500
Creator: LEAR CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEAR CORPORATION HOURLY RETIREMENT SAVINGS PLAN, LEAR CORPORATION

LEAR CORPORATIONEIN 13-3386776Plan #020PY 2016

21557 TELEGRAPH ROAD - SOUTHFIELD, MI 480334248248-447-1500lear.comLinkedIn10001+ employeesautomotive

Other plans on this EIN

6 filings

#002Retirement-$597.3M assets #001Retirement-$220.6M assets #004Retirement-$122.1M assets #060Retirement-$46.9M assets #003Retirement-$17.7M assets #051Retirement-$4.1M assets

Prospect flagsLow returnsLow participationLow assets / participantLow employer contributionLow participant contribution

Top hat statement on fileNQDC

Filed March 7, 2013

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$109.2M

-7.0% from 2016

Total participants

6,248

+1.2% from 2016

Average account balance

$24,490

-9.6% from 2016

Annual return

6.29%

-6.05 pp from 2016

Benchmarks

See 118 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants5,000-9,999

Cohort118 peers

Snapshot2016

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$179.11M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$38K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

4,760

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

60.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$17.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.43%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$27

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
FINANCIAL ENGINES2+ years Filed as: FINANCIAL ENGINES, INC. Service code 26 · EIN 94-3250323	Advisory (Participants)	$69,917
JP MORGAN INVESTMENT MANAGEMENT INC1 year Filed as: NEW YORK LIFE INSURANCE Service code 23 · EIN 13-5582869	Insurance services; Direct payment fr...	$54,409
XEROX CORPORATION2+ years Filed as: XEROX HR SOLUTIONS, LLC Service code 15 · EIN 04-3609848	Recordkeeping	$36,397
NETLINK GLOBAL SUPPLY SOLUTIONS1 year Service code 13 · EIN 26-3082312	Contract Administrator	$31,117
NORTHERN TRUST COMPANY1 year Filed as: THE NORTHERN TRUST COMPANY Service code 25 · EIN 36-1561860	Directed Trustee	$606

Plan features & details

Pension benefit codes2F2G2J2K2R2T3H

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$71K

$14 / participant

Investment mgmt$70K98.8%
Other / not subdivided$8181.2%

% of EOY assets

0.065%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ERNST & YOUNG LLP
Auditor EIN: 346565596
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,490

$88,581-72.4%

$74,184-67.0%

$65,292-62.5%

Participation rate

65.7%

86.2%-20.5pp

76.6%-10.9pp

72.4%-6.7pp

Annual return

6.29%

11.72%-5.4pp

17.74%-11.4pp

11.84%-5.6pp

Employer contribution / active EE

$601

$3,021-80.1%

$2,370-74.6%

$2,302-73.9%

Participant deferral / active EE

$1,236

$4,898-74.8%

$3,550-65.2%

$3,579-65.5%

Admin fee / account holder

$16

$60-73.5%

$5,586-99.7%

$57-72.3%

Provider

Service type

Compensation

FINANCIAL ENGINES2+ years

Filed as: FINANCIAL ENGINES, INC.

Service code 26 · EIN 94-3250323

Advisory (Participants)

$69,917

JP MORGAN INVESTMENT MANAGEMENT INC1 year

Filed as: NEW YORK LIFE INSURANCE

Service code 23 · EIN 13-5582869

Insurance services; Direct payment fr...

$54,409

XEROX CORPORATION2+ years

Filed as: XEROX HR SOLUTIONS, LLC

Service code 15 · EIN 04-3609848

Recordkeeping

$36,397

NETLINK GLOBAL SUPPLY SOLUTIONS1 year

Service code 13 · EIN 26-3082312

Contract Administrator

$31,117

NORTHERN TRUST COMPANY1 year

Filed as: THE NORTHERN TRUST COMPANY

Service code 25 · EIN 36-1561860

Directed Trustee

$606

LEAR CORPORATION HOURLY RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LEAR CORPORATION HOURLY RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion