Plan Snapshot
- Plan Sponsor: Safesource Direct, LLC
- Sponsor EIN: 861303090
- Sponsor Address: 200 ST. NAZAIRE RD., BROUSSARD, LA, 70518
- Plan Type: 401(k)
- Total Participants: 347
- Total Assets: $2.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 347 | $2.2M | $341,059 | $517,028 |
| 2023 | 131 | $1.3M | $315,084 | $415,428 |
| 2022 | 80 | $471,368 | $162,373 | $228,125 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| KELLY PARTNERS ATTEST SERVICES LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $11,891 | — | $11,891 | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |