L&C Safety Inc Standard Safety & Supply401(k)
STANDARD SAFETY & SUPPLY 401(K) PLAN · ODESSA, TX · plan year 2022
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
L&C Safety Inc Standard Safety & Supply reported $11,251 in plan administrative expenses for 2022: 1.90% of average plan assets, higher than ~75% of peers. Employer contributions averaged $428 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.
The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is among the smaller plans on file in Texas (5,373rd of 5,688), and 599th of 612 in mining, oil & gas extraction. In 2022, employees put in $5.26 for every $1.00 the employer contributed.
L&C Safety Inc Standard Safety & Supply's 2022 employer contribution ran above the $331 median for plans its size. 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 453442027 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.