Plan Snapshot
- Plan Sponsor: Safety Insurance Company
- Sponsor EIN: 042689624
- Sponsor Address: 20 CUSTOM HOUSE STREET, BOSTON, MA, 02110
- Plan Type: 401(k)
- Total Participants: 612
- Total Assets: $205.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 612 | $205.8M | $3.8M | $5.7M |
| 2023 | 595 | $185.7M | $3.8M | $5.6M |
| 2022 | 539 | $156.1M | $3.4M | $5.1M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $53,363 | — | $53,363 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $25,660 | — | $25,660 |
| KAHN, LITWIN, RENZA & CO., LTD. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $79,023
- Estimated Expense Ratio: 0.038% of plan assets
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 | $77,090 | $25,660 | — | — | — |
| 2023 | $53,024 | $23,275 | — | — | — |
| 2022 | $37,225 | $14,937 | — | — | — |