Retirement plan

SAF-GARD SAFETY SHOE CO., INC. RETIREMENT SAVINGS PLAN

Name: SAF-GARD SAFETY SHOE CO., INC. - SAF-GARD SAFETY SHOE CO., INC. RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: SAF-GARD SAFETY SHOE CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAF-GARD SAFETY SHOE CO., INC. RETIREMENT SAVINGS PLAN, SAF-GARD SAFETY SHOE CO., INC.

SAF-GARD SAFETY SHOE CO., INC.EIN 58-1400677Plan #001PY 2024

PO BOX 10379 - GREENSBORO, NC 274040379336-299-1688safgard.comLinkedIn51-200 employeesapparel & fashion

Prospect flagsHigh feesLow participationCorrective distributions

How to read this page

Total assets (EOY)

$12.7M

+16.2% from 2023

Total participants

412

+6.5% from 2023

Average account balance

$60,845

+4.5% from 2023

Annual return

11.71%

-3.86 pp from 2023

Benchmarks

See 1,305 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,305 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.66M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

208

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.

49.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.33M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$302

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 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290	Contract Administrator	$62,842
STONEBRIDGE1 year Filed as: STONEBRIDGE FINANCIAL GROUP, LLC Service code 27 · EIN 46-1727685	Advisory (Plan)	$17,528
PA RETIREMENT SOLUTIONS, INC.3 years Filed as: PA RETIREMENT SOLUTIONS INC Service code 13 · EIN 27-2487837 1110 N MOUNTAIN RD · HARRISBURG, PA 17112	Contract Administrator	$8,537
TRIAD ADVISORS INC6 years Filed as: TRIAD HYBRID SOLUTIONS, LLC Service code 27 · EIN 46-5391363	Advisory (Plan)	$5,002

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
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.
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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$63K

$156 / participant

Contract admin$63K100.0%

% of EOY assets

0.497%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SMITH LEONARD PLLC
Auditor EIN: 205907591
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,845

$54,245+12.2%

$93,727-35.1%

$77,762-21.8%

Participation rate

49.5%

63.9%-14.4pp

68.7%-19.2pp

70.6%-21.1pp

Annual return

11.71%

30.58%-18.9pp

133.83%-122.1pp

31.27%-19.6pp

Employer contribution / active EE

$834

$1,168-28.6%

$2,421-65.6%

$2,728-69.4%

Participant deferral / active EE

$2,449

$3,144-22.1%

$4,417-44.5%

$4,651-47.3%

Admin fee / account holder

$302

$575-47.5%

$8,292-96.4%

$433-30.2%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY10+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$62,842

STONEBRIDGE1 year

Filed as: STONEBRIDGE FINANCIAL GROUP, LLC

Service code 27 · EIN 46-1727685

Advisory (Plan)

$17,528

PA RETIREMENT SOLUTIONS, INC.3 years

Filed as: PA RETIREMENT SOLUTIONS INC

Service code 13 · EIN 27-2487837

1110 N MOUNTAIN RD · HARRISBURG, PA 17112

Contract Administrator

$8,537

TRIAD ADVISORS INC6 years

Filed as: TRIAD HYBRID SOLUTIONS, LLC

Service code 27 · EIN 46-5391363

Advisory (Plan)

$5,002

SAF-GARD SAFETY SHOE CO., INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAF-GARD SAFETY SHOE CO., INC. RETIREMENT 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