Safran USA, Inc. 401(k) Review & Grade
Safran Retirement and Savings Account Plan
Irving, TXManufacturing3,594 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,111Employer $ per active participant
$6,968Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$598.1MNet plan assets, end of year
$84,440Average balance per account
Score breakdown
- Employer generosity30.3 / 5061th percentile for employer $ per participant
- Low cost17.5 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving8.9 / 1559th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 70th |
| Employee saving | 59th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Safran USA put in about $4,111 per active participant, more than the typical peer ($3,452). 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 | $14,775,763 |
| Participant (employee) contributions | $25,044,086 |
| Other contributions (incl. rollovers in) | $3,654,506 |
| Administrative expenses paid from the plan | $376,633 |
| Investment advisory & management fees | $83,350 |
| Other admin expenses | $1,578 |
| Benefits paid out | $51,895,537 |
| Net assets, start / end of year | $538.5M / $598.1M |
| Active participants, start / end of year | 3,275 / 3,913 |
| Participants with account balances | 7,083 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars LLP |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $257,385 reported compensation |
| Lockton Investment Advisors LLC | $83,350 reported compensation |
| Forvis Mazars, LLP | $34,320 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003114519NAL0000785555001, received 2025-10-03, EIN 51-0282961, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.