Genuine Parts Company 401(k) Review & Grade
Genuine Parts Company 401(k) Savings Plan
Atlanta, GAWholesale Trade30,472 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,575Employer $ per active participant
$4,297Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$2.5BNet plan assets, end of year
$66,668Average balance per account
Score breakdown
- Employer generosity30.9 / 5062th percentile for employer $ per participant
- Low cost11.1 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving5.3 / 1535th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 10,000+ active participants (35 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 62th |
| Lower admin cost | 44th |
| Employee saving | 35th |
| Peers that auto-enroll | 63% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($57,917 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Genuine Parts put in about $2,575 per active participant, more than the typical peer ($2,420). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $78,470,590 |
| Participant (employee) contributions | $130,927,280 |
| Other contributions (incl. rollovers in) | $11,633,846 |
| Administrative expenses paid from the plan | $2,430,358 |
| Investment advisory & management fees | $402,330 |
| Other admin expenses | $4,073 |
| Benefits paid out | $329,590,930 |
| Net assets, start / end of year | $2.4B / $2.5B |
| Active participants, start / end of year | 29,481 / 31,464 |
| Participants with account balances | 38,037 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
| Employer stock held by plan | $47,713,273 |
Largest service providers (Schedule C)
| Alight Solutions LLC | $1,468,444 reported compensation |
| Northern Trust Corporation | $501,661 reported compensation |
| Invesco | $202,330 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250725145420NAL0003257235001, received 2025-07-25, EIN 58-0254510, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.