Plan Ledger DOL Form 5500 · updated monthly

Safe Home Security401(k)

SAFE HOME SECURITY INC. 401K PLAN · MIDDLETOWN, CT · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Safe Home Security reported $3,369 in plan administrative expenses for 2024: 0.17% of average plan assets, lower than ~75% of peers. Employer contributions averaged $472 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 rose from 0.10% to 0.17%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Connecticut (1,020th of 1,106), and 10,768th of 11,654 in professional & technical services. In 2024, employees put in $5.17 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,330,123
Participants with balances211
Active participants182
Employer contributions$85,944
Employee contributions$444,023
Employer contribution per active participant$472
Average account balance$11,043
Benefits paid to participants$185,055
Plan auditUnmodified (clean) audit opinion
AuditorWHITTLESEY
Plan history3
Yearassets · accounts · employer contribution
2024$2.3M · 211 accts · $86K emplr
2023$1.7M · 213 accts · $49K emplr
2022$1.9M · 104 accts · $45K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,369
Total administrative$3,369
The Safe Home Security 401(k) match · 2024
Employer contribution per active participant$472
Median for plans this size$1,313
2024$472 per active participant
2023$270 per active participant
2022$244 per active participant

Safe Home Security's 2024 employer contribution ran below the $1,313 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 · 20242
ADP, INC. · Loan processing · Recordkeeping$3,369
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
2023ADP

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

Administrative cost history3
2024$3,369 · 0.17%
2023$2,169 · 0.12%
2022$2,067 · 0.10%
Similar plansProfessional & Technical Services · Connecticut
Diameter Health, Inc. CT$3.0M · 0.03%
Imcorp CT$2.9M · 0.78%
Cyma Systems Inc CT$2.1M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061253294 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.