Safe Fleet Acquisition Corp. 401(k) Review & Grade
Safe Fleet Acquisition Corp 401(k) Plan
Belton, MOManufacturing1,341 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,426Employer $ per active participant
$4,295Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$67.4MNet plan assets, end of year
$43,181Average balance per account
Score breakdown
- Employer generosity14.4 / 5029th percentile for employer $ per participant
- Low cost14.0 / 2556th percentile for low admin cost vs. same-size plans
- Employee saving6.2 / 1541th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 29th |
| Lower admin cost | 56th |
| Employee saving | 41th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $38,360 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Safe Fleet Acquisition put in about $1,426 per active participant, below the typical peer ($2,320). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,912,294 |
| Participant (employee) contributions | $5,759,756 |
| Other contributions (incl. rollovers in) | $2,159,403 |
| Administrative expenses paid from the plan | $122,250 |
| Investment advisory & management fees | $58,092 |
| Benefits paid out | $12,477,323 |
| Net assets, start / end of year | $61.6M / $67.4M |
| Active participants, start / end of year | 1,347 / 1,335 |
| Participants with account balances | 1,562 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Marksnelson |
Largest service providers (Schedule C)
| Adp, Inc. | $76,046 reported compensation |
| Morgan Stanley Smith Barney | $45,679 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930051306NAL0012843104001, received 2025-09-30, EIN 80-0948131, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.