Plan Snapshot
- Plan Sponsor: Genuine Parts Company
- Sponsor EIN: 580254510
- Sponsor Address: 2999 WILDWOOD PARKWAY, ATLANTA, GA, 30339
- Plan Type: 401(k)
- Total Participants: 31,464
- Total Assets: $2.5B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- 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 | 31,464 | $2.5B | $78.5M | $130.9M |
| 2023 | 29,568 | $2.4B | $76.5M | $125.8M |
| 2022 | 29,019 | $2.1B | $70.7M | $115.6M |
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 |
|---|---|---|---|---|
| ALIGHT SOLUTIONS LLC | NONE | $1,468,444 | — | $1,468,444 |
| NORTHERN TRUST CORPORATION | NONE | $501,661 | — | $501,661 |
| INVESCO | NONE | $202,330 | — | $202,330 |
| UBS FINANCIAL SERVICES INC | NONE | $200,000 | — | $200,000 |
| HANCOCK ASKEW AND CO LLP | NONE | $53,850 | — | $53,850 |
| BAKER TILLY US, LLP | Auditor | $53,850 | — | $53,850 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALIGHT SOLUTIONS LLC — NONE
- UBS FINANCIAL SERVICES INC — NONE
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,480,135
- Estimated Expense Ratio: 0.098% 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 | $2,430,358 | $402,330 | — | $53,850 | — |
| 2023 | $2,121,241 | $2,892,404 | — | $35,000 | — |
| 2022 | $2,145,186 | $529,309 | — | — | $1,615,877 |