Plan Ledger DOL Form 5500 · updated monthly

Safran USA, Inc.401(k)

SAFRAN RETIREMENT AND SAVINGS ACCOUNT PLAN · IRVING, TX · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Safran USA, Inc. reported $376,633 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $3,776 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 0.03% to 0.07%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 177th-largest of 5,688 plans among Texas employers on file, and the 499th of 13,661 in manufacturing. In 2024, employees put in $1.69 for every $1.00 the employer contributed; active participation has grown from 3,058 to 3,913 since 2022.

Plan summary
Net assets, end of year$598,086,237
Participants with balances7,083
Active participants3,913
Employer contributions$14,775,763
Employee contributions$25,044,086
Employer contribution per active participant$3,776
Average account balance$84,440
Benefits paid to participants$51,895,537
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$598.1M · 7,083 accts · $14.8M emplr
2023$538.5M · 7,357 accts · $15.6M emplr
2022$468.7M · 11,191 accts · $13.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$257,385
Investment management$83,350
Audit (IQPA)$34,320
Total administrative$376,633
The Safran USA, Inc. 401(k) match · 2024
Employer contribution per active participant$3,776
Median for plans this size$4,294
2024$3,776 per active participant
2023$4,760 per active participant
2022$4,545 per active participant

Safran USA, Inc.'s 2024 employer contribution ran below the $4,294 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 · 20244
T ROWE PRICE RPS INC · Recordkeeping · Trustee$257,385
LOCKTON INVESTMENT ADVISORS LLC · Investment advisory (plan)$83,350
FORVIS MAZARS, LLP · Accounting / audit$34,320
CHARLES SCHWAB & CO., INC. · Securities brokerage$511

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

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

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Administrative cost history3
2024$376,633 · 0.07%
2023$166,956 · 0.03%
2022$160,064 · 0.03%
Same employer
Similar plansManufacturing · Texas
Huntsman International LLC TX$783.8M · 0.03%
Stmicroelectronics, Inc. TX$572.2M · 0.06%
Integer Holdings Corporation TX$551.4M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 510282961 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.