Plan Ledger DOL Form 5500 · updated monthly

Safe Fleet Acquisition Corp.401(k)

SAFE FLEET ACQUISITION CORP 401(K) PLAN · BELTON, MO · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Safe Fleet Acquisition Corp. reported $122,250 in plan administrative expenses for 2024: 0.19% of average plan assets, above the peer median. Employer contributions averaged $1,432 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 2 years on file its reported administrative ratio fell from 0.21% to 0.19%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 267th-largest of 1,393 plans among Missouri employers on file, and the 2,534th of 13,661 in manufacturing. In 2024, employees put in $3.01 for every $1.00 the employer contributed; active participation has grown from 1,133 to 1,335 since 2022.

Plan summary
Net assets, end of year$67,448,506
Participants with balances1,562
Active participants1,335
Employer contributions$1,912,294
Employee contributions$5,759,756
Employer contribution per active participant$1,432
Average account balance$43,181
Benefits paid to participants$12,477,323
Plan auditUnmodified (clean) audit opinion
AuditorMARKSNELSON
Plan history3
Yearassets · accounts · employer contribution
2024$67.4M · 1,562 accts · $1.9M emplr
2023$61.6M · 1,553 accts · $1.9M emplr
2022$52.0M · 1,416 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$64,158
Investment management$58,092
Total administrative$122,250
The Safe Fleet Acquisition Corp. 401(k) match · 2024
Employer contribution per active participant$1,432
Median for plans this size$3,635
2024$1,432 per active participant
2023$1,513 per active participant
2022$1,527 per active participant

Safe Fleet Acquisition Corp.'s 2024 employer contribution ran below the $3,635 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 · 20243
ADP, INC. · Loan processing · Recordkeeping$76,046
MORGAN STANLEY SMITH BARNEY · Recordkeeping · Trustee$45,679
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, Morgan Stanley
2023ADP, Morgan Stanley

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

Administrative cost history3
2024$122,250 · 0.19%
2023$131,472 · 0.23%
2022$118,063 · 0.21%
Similar plansManufacturing · Missouri
Paul Mueller Company MO$69.8M · 0.18%
Buckeye International, Inc. MO$64.8M · 0.15%
Beltservice Corporation MO$64.0M · 0.04%
Labconco Corporation MO$61.9M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 800948131 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.