Plan Ledger DOL Form 5500 · updated monthly

Safeguard Operations, LLC401(k)

SAFEGUARD OPERATIONS 401(K) PLAN · ATLANTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Safeguard Operations, LLC reported $50,252 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $2,021 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 0.47% to 0.44%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Georgia (1,109th of 2,160), and the 967th of 2,096 in real estate & leasing. In 2024, employees put in $2.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,477,900
Participants with balances210
Active participants179
Employer contributions$361,721
Employee contributions$856,653
Employer contribution per active participant$2,021
Average account balance$59,419
Benefits paid to participants$661,465
Plan auditUnmodified (clean) audit opinion
AuditorADAMSBROWN, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$12.5M · 210 accts · $362K emplr
2023$10.5M · 203 accts · $353K emplr
2022$9.2M · 237 accts · $344K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50,252
Total administrative$50,252
The Safeguard Operations, LLC 401(k) match · 2024
Employer contribution per active participant$2,021
Median for plans this size$2,416
2024$2,021 per active participant
2023$1,970 per active participant
2022$1,808 per active participant

Safeguard Operations, LLC's 2024 employer contribution ran below the $2,416 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.

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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$50,252
BROADSTREET CAPITAL ADVISORS, LLC · Investment advisory (plan)indirect comp
ERISA SERVICES, INC. · Other servicesindirect comp

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

Administrative cost history3
2024$50,252 · 0.44%
2023$46,555 · 0.47%
2022$45,859 · 0.47%
Same employer
Similar plansReal Estate & Leasing · Georgia
Meadows & Ohly, LLC GA$16.0M · 0.38%
Intown Lessee Services, LLC GA$15.3M · 0.13%
Pegasus Residential, LLC GA$14.6M · 0.63%
Mansermar, Inc. GA$11.1M · 0.23%
The Integral Group, LLC GA$10.6M · 1.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522288756 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.