Safebuilt, LLC 401(k) Review & Grade
Safebuilt 401(k) Plan
Loveland, COConstruction1,521 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,860Employer $ per active participant
$4,199Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$84.7MNet plan assets, end of year
$38,570Average balance per account
Score breakdown
- Employer generosity27.6 / 5055th percentile for employer $ per participant
- Low cost18.7 / 2575th percentile for low admin cost vs. same-size plans
- Employee saving8.0 / 1553th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 75th |
| Employee saving | 53th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Corrective distributions: the plan refunded $27,182 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Safebuilt put in about $1,860 per active participant, more than the typical peer ($1,672). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 | $2,828,522 |
| Participant (employee) contributions | $6,387,306 |
| Other contributions (incl. rollovers in) | $384,055 |
| Administrative expenses paid from the plan | $77,586 |
| Contract administrator fees | $60,795 |
| Investment advisory & management fees | $11,556 |
| Other admin expenses | $5,235 |
| Benefits paid out | $9,432,364 |
| Net assets, start / end of year | $75.1M / $84.7M |
| Active participants, start / end of year | 1,601 / 1,441 |
| Participants with account balances | 2,195 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lutz & Company, P.C. |
Largest service providers (Schedule C)
| Creative Planning Hold Co, LLC | $62,843 reported compensation |
| Ascensus C/o Futureplan | $38,611 reported compensation |
| Voya Retirement Insurance & Annuity | $9,873 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250922133827NAL0005300961001, received 2025-09-22, EIN 20-5281305, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.