2023 Form 5500 filing — Garmin International, Inc. Retirement Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240725121128NAL0014047457005) for Garmin International, Inc. Retirement Plan, reported by Garmin International, Inc. under EIN 48-1088407 and plan number 001. It reports 8,387 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240725121128NAL0014047457005
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Garmin International, Inc.
- EIN
- 48-1088407
- Plan number
- 001
- Location
- Olathe, KS
- Participants
- 8,387
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $1,784,810,901
- Net assets (EOY)
- $1,784,810,901
- Employer contributions
- $70,361,829
- Participant contributions
- $64,573,411
- Total income / additions
- $439,497,698
- Benefits paid
- $69,321,268
- Administrative expenses
- $435,180
- Total expenses
- $69,756,448
- Net increase / (decrease)
- $369,741,250
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| T. Rowe Price Rps, Inc. | RECORDKEEPER | $312,880 | $0 |
| Mercer | INVESTMENT ADVISOR | $81,000 | not reported in the loaded dataset |
| Rubinbrown Llp | AUDITOR | $38,000 | not reported in the loaded dataset |