Safetynet Youth Systems, LLC401(k)
SAFETYNET YOUTH SYSTEMS, LLC 401(K) PLAN · MINTER, AL · plan year 2022
Safetynet Youth Systems, LLC's 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $905,018 across 27 participant accounts, with employer contributions averaging $611 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Alabama (858th of 902), and 10,984th of 11,911 in health care & social assistance. In 2022, employees put in $1.56 for every $1.00 the employer contributed.
Safetynet Youth Systems, LLC'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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 631265432 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.