Plan Snapshot
- Plan Sponsor: Garmin International, INC.
- Sponsor EIN: 481088407
- Sponsor Address: 1200 EAST 151ST STREET, OLATHE, KS, 660623426
- Plan Type: 401(k)
- Total Participants: 7,390
- Total Assets: $2.2B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 7,390 | $2.2B | $78.3M | $71.7M |
| 2023 | 7,082 | $1.8B | $70.4M | $64.6M |
| 2022 | 6,485 | $1.4B | $65.3M | $59.7M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| T. ROWE PRICE RPS, INC. | RECORDKEEPER | $346,444 | — | $346,444 |
| MERCER | INVESTMENT ADVISOR | $83,430 | — | $83,430 |
| RUBINBROWN LLP | AUDITOR | $45,000 | — | $45,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RUBINBROWN LLP — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $474,874
- Estimated Expense Ratio: 0.022% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $478,374 | $478,374 | — | — | — |
| 2023 | $435,180 | $435,180 | — | — | — |
| 2022 | $494,891 | — | — | — | $494,891 |