Employers › Genuine Parts
Recordkeeping fees per participant · Genuine Parts Company 401(k) Savings Plan · plan year 2024
$38.61
Higher than 60% of the 790 plans over $1B that report it.
= $1,468,444 / 38,037
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250725145420NAL0003257235001, received 2025-07-25
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250725145420NAL0003257235001, received 2025-07-25
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-25.
Administrative expenses excluding investment management, per participant
$53.32
Higher than 63% of the 1,045 plans over $1B that report it.
= $2,028,028 / 38,037
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250725145420NAL0003257235001, received 2025-07-25
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250725145420NAL0003257235001, received 2025-07-25
Administrative expenses per participant
$63.89
Higher than 46% of the 1,076 plans over $1B that report it.
= $2,430,358 / 38,037
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250725145420NAL0003257235001, received 2025-07-25
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250725145420NAL0003257235001, received 2025-07-25
Administrative expenses as a share of assets
0.096%
Higher than 85% of the 1,076 plans over $1B that report it.
= $2,430,358 / $2,536,454,267
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250725145420NAL0003257235001, received 2025-07-25
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250725145420NAL0003257235001, received 2025-07-25
Employer contributions per participant
$2,063
Higher than 19% of the 1,135 plans over $1B that report it.
= $78,470,590 / 38,037
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250725145420NAL0003257235001, received 2025-07-25
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250725145420NAL0003257235001, received 2025-07-25
Employer share of total contributions
35.5%
Higher than 59% of the 1,135 plans over $1B that report it.
= $78,470,590 / $221,031,716
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250725145420NAL0003257235001, received 2025-07-25
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250725145420NAL0003257235001, received 2025-07-25
Employer match
“Employees receive a matching contribution of 100% of the first 5% of the employees’ salary.”
Form 10-K filed 2026-02-20, for the year ended 2025-12-31 · benefits note, 10-K benefits note · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250725145420NAL0003257235001, received 2025-07-25
| Field | Value | Source |
|---|---|---|
| Plan sponsor | GENUINE PARTS COMPANY | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250725145420NAL0003257235001, received 2025-07-25 |
| Plan name | GENUINE PARTS COMPANY 401(K) SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250725145420NAL0003257235001, received 2025-07-25 |
| Sponsor EIN / plan number | 58-0254510 / 003 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250725145420NAL0003257235001, received 2025-07-25 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250725145420NAL0003257235001, received 2025-07-25 |
| Sponsor location | ATLANTA, GA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250725145420NAL0003257235001, received 2025-07-25 |
| Industry (business code) | 423100, Wholesale trade | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250725145420NAL0003257235001, received 2025-07-25 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250725145420NAL0003257235001, received 2025-07-25 |
| Filing received | 2025-07-25 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250725145420NAL0003257235001, received 2025-07-25 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250725145420NAL0003257235001, received 2025-07-25 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250725145420NAL0003257235001, received 2025-07-25 |
| Participants, beginning of year | 38,961 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250725145420NAL0003257235001, received 2025-07-25 |
| Active participants | 31,464 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250725145420NAL0003257235001, received 2025-07-25 |
| Participants, end of year | 40,665 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250725145420NAL0003257235001, received 2025-07-25 |
| Participants with an account balance | 38,037 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250725145420NAL0003257235001, received 2025-07-25 |
| Total assets, beginning of year | $2,361,800,280 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250725145420NAL0003257235001, received 2025-07-25 |
| Total assets, end of year | $2,536,454,267 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250725145420NAL0003257235001, received 2025-07-25 |
| Net assets, end of year | $2,535,869,090 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250725145420NAL0003257235001, received 2025-07-25 |
| Total income | $510,317,074 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250725145420NAL0003257235001, received 2025-07-25 |
| Net income | $174,920,996 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250725145420NAL0003257235001, received 2025-07-25 |
| Employer contributions | $78,470,590 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250725145420NAL0003257235001, received 2025-07-25 |
| Participant contributions | $130,927,280 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250725145420NAL0003257235001, received 2025-07-25 |
| Other contributions (incl. rollovers) | $11,633,846 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250725145420NAL0003257235001, received 2025-07-25 |
| Total contributions | $221,031,716 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250725145420NAL0003257235001, received 2025-07-25 |
| Benefit payments | $329,590,930 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250725145420NAL0003257235001, received 2025-07-25 |
| Total expenses (incl. benefit payments) | $335,396,078 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250725145420NAL0003257235001, received 2025-07-25 |
| Total administrative expenses | $2,430,358 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250725145420NAL0003257235001, received 2025-07-25 |
| Recordkeeping fees | $1,468,444 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250725145420NAL0003257235001, received 2025-07-25 |
| IQPA audit fees | $53,850 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250725145420NAL0003257235001, received 2025-07-25 |
| Investment advisory and management fees | $402,330 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250725145420NAL0003257235001, received 2025-07-25 |
| Administrative expenses excluding investment management | $2,028,028 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250725145420NAL0003257235001, received 2025-07-25 |
| Held in mutual funds | $2,231,640,151 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250725145420NAL0003257235001, received 2025-07-25 |
| Independent auditor | BAKER TILLY US, LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250725145420NAL0003257235001, received 2025-07-25 |
Position = column in the DOL layout for form year 2024. Filing 20250725145420NAL0003257235001, received 2025-07-25.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| ALIGHT SOLUTIONS LLCrecordkeeper | NONE | 15 Recordkeeping and information management; 50 Direct payment from the plan | $1,468,444 | yes |
| NORTHERN TRUST CORPORATION | NONE | 21 Trustee (bank, trust company or similar); 50 Direct payment from the plan; 62 Float revenue | $501,661 | yes |
| INVESCO | NONE | 28 Investment management; 51 Investment management fees paid directly by plan; 52 Investment management fees paid indirectly by plan; 68 Soft dollars commissions | $202,330 | yes |
| UBS FINANCIAL SERVICES INC | NONE | 27 Investment advisory (plan); 51 Investment management fees paid directly by plan; 52 Investment management fees paid indirectly by plan; 63 Distribution (12b-1) fees | $200,000 | yes |
| HANCOCK ASKEW AND CO LLP | NONE | 10 Accounting (including auditing); 50 Direct payment from the plan | $53,850 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250725145420NAL0003257235001, received 2025-07-25.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $2,361,800,280 | $2,536,454,267 | 7.4% |
| Participants with a balance | 36,587 | 38,037 | 4.0% |
| Administrative expenses | $2,121,241 | $2,430,358 | 14.6% |
| Recordkeeping fees per participant | not reported | $38.61 | |
| Employer contributions | $76,495,750 | $78,470,590 | 2.6% |
Prior filing 20240729105136NAL0042117042001, received 2024-07-29; the plan years are contiguous.
Sponsor name as filed: GENUINE PARTS COMPANY; SEC registrant: GENUINE PARTS CO (CIK 40987, matched by EIN; display name from the Form 10-K cover).