# Garmin International, INC. 401(k) Plan
Source: https://planprovider.pro/companies/garmin-international-inc-401k-plan

> Garmin International, INC.'s 401(k) plan: 7,390 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|

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