# Genuine Parts Company 401(k) Plan
Source: https://planprovider.pro/companies/genuine-parts-company-401k-plan

> Genuine Parts Company's 401(k) plan: 31,464 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/alight-solutions) — NONE

- [UBS FINANCIAL SERVICES INC](https://planprovider.pro/provider/aspire-financial-services) — NONE

- [BAKER TILLY US, LLP](https://planprovider.pro/provider/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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/genuine-parts-company-401k-plan)

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