Plan Ledger DOL Form 5500 · updated monthly

Genuine Parts Company401(k)

GENUINE PARTS COMPANY 401(K) SAVINGS PLAN · ATLANTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.10%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Genuine Parts Company reported $2,430,358 in plan administrative expenses for 2024: 0.10% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,494 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.099%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other wholesale trade employers. By assets it is the 19th-largest of 2,160 plans among Georgia employers on file, and the 15th of 4,246 in wholesale trade. In 2024, employees put in $1.67 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,535,869,090
Participants with balances38,037
Active participants31,464
Employer contributions$78,470,590
Employee contributions$130,927,280
Employer contribution per active participant$2,494
Average account balance$66,668
Benefits paid to participants$329,590,930
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.5B · 38,037 accts · $78.5M emplr
2023$2.4B · 36,587 accts · $76.5M emplr
2022$2.1B · 34,939 accts · $70.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,468,444
Investment management$402,330
Audit (IQPA)$53,850
Trustee / custodial$501,661
Total administrative$2,430,358
The Genuine Parts Company 401(k) match · 2024
Employer contribution per active participant$2,494
Median for plans this size$5,259
2024$2,494 per active participant
2023$2,587 per active participant
2022$2,437 per active participant

Genuine Parts Company's 2024 employer contribution ran below the $5,259 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
ALIGHT SOLUTIONS LLC · Recordkeeping$1,468,444
NORTHERN TRUST CORPORATION · Trustee$501,661
INVESCO · Investment management$202,330
UBS FINANCIAL SERVICES INC · Investment advisory (plan)$200,000
HANCOCK ASKEW AND CO LLP · Accounting / audit$53,850

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Alight
2023Alight

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$2,430,358 · 0.10%
2023$2,121,241 · 0.10%
2022$2,145,186 · 0.10%
Same employer
Similar plansWholesale Trade · Georgia
United Natural Foods, Inc RI$2.8B · 0.05%
Gordon Food Service, Inc. MI$2.8B · 0.08%
Canon U.S.A., Inc. NY$2.7B · 0.06%
US Foods, Inc. IL$2.5B · 0.06%
Cencora, Inc. PA$2.4B · 0.04%
Bmw of North America, LLC NJ$2.3B · 0.12%
Ricoh USA, Inc. PA$2.2B · 0.05%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 580254510 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.