Plan Ledger DOL Form 5500 · updated monthly

Safety Marking, Inc.401(k)

SAFETY MARKING CORP. 401(K) PLAN · BRIDGEPORT, CT · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

Safety Marking, Inc. reported $58,958 in plan administrative expenses for 2024: 0.65% of average plan assets, above the peer median. Employer contributions averaged $1,781 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 0.43% to 0.65%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Connecticut (771st of 1,106), and 9,026th of 13,661 in manufacturing. In 2024, employees put in $2.02 for every $1.00 the employer contributed; active participation has grown from 114 to 195 since 2022.

Plan summary
Net assets, end of year$9,472,256
Participants with balances133
Active participants195
Employer contributions$347,359
Employee contributions$702,826
Employer contribution per active participant$1,781
Average account balance$71,220
Benefits paid to participants$1,284,435
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.5M · 133 accts · $347K emplr
2023$8.7M · 125 accts · $292K emplr
2022$7.9M · 115 accts · $280K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,406
Investment management$39,552
Total administrative$58,958
The Safety Marking, Inc. 401(k) match · 2024
Employer contribution per active participant$1,781
Median for plans this size$1,313
2024$1,781 per active participant
2023$1,860 per active participant
2022$2,455 per active participant

Safety Marking, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20242
FIDUCIENT ADVISORS · Investment advisory (plan)$39,552
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$19,406

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$58,958 · 0.65%
2023$50,020 · 0.60%
2022$38,555 · 0.43%
All plans at this employer2
SAFETY MARKING, INC. MONEY PURCHASE PENSION PLANMoney purchase plan
SAFETY MARKING CORP. 401(K) PLAN401(k)
Same employer
Similar plansManufacturing · Connecticut
Connecticut Coining, Inc. CT$9.5M · 0.42%
Altek Electronics, Inc. CT$9.5M · 0.33%
Alvest (USA) Inc. CT$9.4M · 0.00%
L.C. Doane Company CT$9.1M · 0.45%
Microbest, Inc. CT$9.1M · 0.31%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 061267005 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.