Plan Snapshot
- Plan Sponsor: Genuine Parts Company
- Sponsor EIN: 580254510
- Sponsor Address: 2999 WILDWOOD PARKWAY, ATLANTA, GA, 303393050
- Plan Type: DB
- Total Participants: 3,705
- Total Assets: $2.0B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 3,705 | $2.0B | $0 | $0 |
| 2023 | 4,225 | $2.0B | $0 | $0 |
| 2022 | 4,655 | $1.9B | $0 | $0 |
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 | Recordkeeper | $1,107,308 | $1,897 | $1,109,205 |
| BLACKROCK FINANCIAL MGMT | Other Service Provider | $1,023,876 | — | $1,023,876 |
| WELLINGTON MGMT COMPANY | Other Service Provider | $605,546 | — | $605,546 |
| NORTHERN TRUST CORPORATION | Other Service Provider | $513,058 | — | $513,058 |
| AON INVESTMENTS | Other Service Provider | $450,000 | — | $450,000 |
| GAMCO INVESTORS INC. | Other Service Provider | $301,700 | — | $301,700 |
| WESTFIELD CAPITAL MANAGEMENT CO, LP | Other Service Provider | $281,377 | — | $281,377 |
| SOUND SHORE MANAGEMENT INC | Other Service Provider | $261,352 | — | $261,352 |
| INVESCO TRUST COMPANY | Other Service Provider | $220,913 | — | $220,913 |
| ALLSPRING GLOBAL | Other Service Provider | $202,481 | — | $202,481 |
| WEDGE CAPITAL MANAGEMENT LLP | Other Service Provider | $149,301 | — | $149,301 |
| WILLIS TOWERS WATSON | Recordkeeper | $128,857 | — | $128,857 |
| STATE STREET GLOBAL ADVISORS | Investment Advisor | $125,000 | — | $125,000 |
| RICHMOND CAPITAL MANAGEMENT | Other Service Provider | $110,932 | — | $110,932 |
| ATLANTA CAPITAL MANAGEMENT CO LLP | Other Service Provider | $105,161 | — | $105,161 |
| KAYNE ANDERSON | Other Service Provider | $101,524 | — | $101,524 |
| K&L GATES, LLP | Other Service Provider | $90,584 | — | $90,584 |
| BARROW, HANLEY & MCWHINNEY | Other Service Provider | $82,768 | — | $82,768 |
| HANCOCK ASKEW & CO LLP | Other Service Provider | $38,000 | — | $38,000 |
| UBS FINANCIAL SERVICES INC | Recordkeeper | $32,787 | — | $32,787 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALIGHT SOLUTIONS LLC — Recordkeeper
- WILLIS TOWERS WATSON — Recordkeeper
- STATE STREET GLOBAL ADVISORS — Investment Advisor
- UBS FINANCIAL SERVICES INC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,934,422
- Estimated Expense Ratio: 0.302% 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 | $7,614,782 | $3,604,718 | $1,561,964 | $38,000 | — |
| 2023 | $8,625,705 | $5,292,538 | $1,049,728 | $18,000 | — |
| 2022 | $9,075,093 | $6,166,015 | — | — | $1,300,341 |