# Safety Insurance Company 401(k) Plan
Source: https://planprovider.pro/companies/safety-insurance-company-401k-plan

> Safety Insurance Company's 401(k) plan: 612 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [STRATEGIC ADVISORS, INC.](https://planprovider.pro/provider/creative-planning) — 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|—|—|—|

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