401(k) · DOL Form 5500 · 2023
Lear Corporation 401(k) Plan
Data updated 2026-08-11
- $161M
- Total assets
- 5,878
- Participants
- 94th
- Percentile by assets
- $27,379
- Avg per participant
Official DOL plan name: Lear Corporation Hourly Retirement Savings Plan · Sponsored by Lear Corporation · Michigan · Manufacturing
$161M in assets, 5,878 participants
Lear Corporation's Lear Corporation Hourly Retirement Savings Plan reported $161M in total assets and 5,878 participants in its 2023 DOL Form 5500 filing, ranking in the 94th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 94th percentile by assets (of 127,072 plans)
- #16,964 in Manufacturing (18,722 peers)
Coverage in Michigan
Lear Corporation Hourly Retirement Savings Plan covers 5,878 participants in Michigan, 9.2x the typical Michigan plan (state average ~638 per filing). Assets: $161M.
- $161M
- total plan assets (2023 EOY)
- 5,878
- covered participants
- 94th
- percentile by assets (of 127,072 plans)
- $27,379
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Lear Corporation Hourly Retirement Savings Plan reported net income rose from -$32M in the plan year 2022 filing to $18M in the plan year 2023 filing.
- Lear Corporation Hourly Retirement Savings Plan end-of-year assets rose from $144M in the plan year 2022 filing to $161M in the plan year 2023 filing.
- Lear Corporation Hourly Retirement Savings Plan reported participants fell from 6,296 in the plan year 2022 filing to 5,878 in the plan year 2023 filing.
Participants vs Michigan filers
In Michigan, the average filing covers about 638 participants across 4,220 plans. Lear Corporation Hourly Retirement Savings Plan reports 5,878 participants - 9.2x that state average ($161M EOY assets).
Michigan filing particulars
| Total Assets (Beginning of Year) | $144M |
|---|---|
| Net Assets (End of Year) | $161M |
| Net Income | $18M |
| Employer EIN | 133386776 |
| Plan Effective Date | 1995-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Lear Corporation)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 4 | 10,662 | $1.4B |
| 2023 | 4 | 10,011 | $1.6B |
| 2024 | 4 | 10,756 | $1.7B |
Nearby 401(k) Plans in Michigan
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Lear Corporation Hourly Retirement Savings Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
- General Motors Retirement Savings Plan for Salaried Employees in the United States $20.4B · 47,299
- Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees $15.6B · 30,516
- The Dow Chemical Company Employees' Savings Plan $10.1B · 18,088
- The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States $8.6B · 40,393
- Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees $7.6B · 59,195
Scale composition for Lear Corporation Hourly Retirement Savings Plan
Lear Corporation Hourly Retirement Savings Plan reports $161M in end-of-year assets across 5,878 participants (0.001% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.006% of 93,925,755 covered participants) - about $27,379 per participant (20% of the national average assets-per-participant) . Net income for plan year 2023 was $18M.
This plan identity (EIN 133386776, plan #020) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $144M to $179M (+24.6%) while covered participants moved from 6,296 to 6,584 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 6,296 | $144M | Open filing |
| 2023 | 5,878 | $161M | This page |
| 2024 · index core | 6,584 | $179M | Open filing |
The same sponsor also keeps 4 other index-core plans on PlainRetire:
- Lear Corporation Salaried Retirement Program (401(k), $1.2B, 2,965 participants)
- Lear Corporation Pension Plan (Defined Benefit (Pension), $189M, 552 participants)
- Lear Corporation Hourly Retirement Savings Plan (401(k), $179M, 6,584 participants)
- Lear Combined Pension Plan (Defined Benefit (Pension), $118M, 655 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Lear Corporation Hourly Retirement Savings Plan by total assets, not by location.
- Park-Ohio Industries, Inc. 401(k) Retirement Plan (OH) $161M · 3,070
- Academy Mortgage Corporation Profit Sharing 401(k) Plan (UT) $161M · 1,593
- California Times 401(k) Plan (CA) $161M · 1,225
- Institutional Shareholder Services Inc. 401(k) Retirement Savings Plan (NY) $161M · 762
Frequently Asked Questions
How did Lear Corporation Hourly Retirement Savings Plan assets move in 2023? ▼
How have Lear Corporation plan assets changed over time? ▼
Where does Lear Corporation Hourly Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Lear Corporation Hourly Retirement Savings Plan? ▼
Next read for Lear Corporation Hourly Retirement Savin…
Filing takeaways
Ways to act on Lear Corporation Hourly Retirement Savings Plan's numbers.
- By total assets, Lear Corporation Hourly Retirement Savings Plan ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Michigan. Compare plans
- Lear Corporation's sponsor-wide assets have grown 18.7% since 2022 across 3 plan years on file. More Manufacturing plans