Retirement plan

SAFETY TECHNOLOGY HOLDINGS, INC. 401(K) SAVINGS PLAN

Name: SAFETY TECHNOLOGY HOLDINGS, INC. - SAFETY TECHNOLOGY HOLDINGS, INC. 401(K) SAVINGS PLAN (2024) Form 5500
Creator: SAFETY TECHNOLOGY HOLDINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAFETY TECHNOLOGY HOLDINGS, INC. 401(K) SAVINGS PLAN, SAFETY TECHNOLOGY HOLDINGS, INC.

SAFETY TECHNOLOGY HOLDINGS, INC.EIN 30-0596252Plan #001PY 2024

23300 HAGGERTY ROAD - FARMINGTON HILLS, MI 48335248-778-2000

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$55.1M

+10.4% from 2023

Total participants

616

+14.3% from 2023

Average account balance

$96,074

-6.9% from 2023

Annual return

13.44%

-2.98 pp from 2023

Benchmarks

See 2,381 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,381 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$55.15M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$96K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

574

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

90.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.44M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.44%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$156

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
ASSET STRATEGY CONSULTANTS3 years Filed as: ASSET ALLOCATIONS STRATEGIES Service code 27 · EIN 27-1606387	Advisory (Plan)	$77,282
STANCORP FINANCIAL GROUP1 year Service code 12 · EIN 93-1253576	Recordkeeping and information managem...	$24,658

Plan features & details

Pension benefit codes2E2F2J2K2S2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$89K

$199 / participant

Investment mgmt$77K86.4%
Contract admin$12K13.6%

% of EOY assets

0.162%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: REHMANN ROBSON LLC
Auditor EIN: 383635706
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$96,074

$89,067+7.9%

$102,423-6.2%

$77,714+23.6%

Participation rate

90.7%

80.9%+9.8pp

76.5%+14.2pp

70.6%+20.1pp

Annual return

13.44%

25.01%-11.6pp

29.42%-16.0pp

31.26%-17.8pp

Employer contribution / active EE

$1,751

$2,699-35.1%

$3,023-42.1%

$2,727-35.8%

Participant deferral / active EE

$5,887

$5,147+14.4%

$5,054+16.5%

$4,649+26.6%

Admin fee / account holder

$156

$236-33.9%

$9,455-98.4%

$433-64.0%

Provider

Service type

Compensation

ASSET STRATEGY CONSULTANTS3 years

Filed as: ASSET ALLOCATIONS STRATEGIES

Service code 27 · EIN 27-1606387

Advisory (Plan)

$77,282

STANCORP FINANCIAL GROUP1 year

Service code 12 · EIN 93-1253576

Recordkeeping and information managem...

$24,658

SAFETY TECHNOLOGY HOLDINGS, INC. 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAFETY TECHNOLOGY HOLDINGS, INC. 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion