# Safran Electrical Components Usa 401(k) Plan
Source: https://planprovider.pro/companies/safran-electrical-components-usa-401k-plan

> Safran Electrical Components Usa&#39;s 401(k) plan: 5 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Safran Electrical Components Usa

- **Sponsor EIN:** 942389381

- **Sponsor Address:** 3790 RUSSEL NEWMAN BLVD, DENTON, TX, 76208

- **Plan Type:** 401(k)

- **Total Participants:** 5

- **Total Assets:** $10.6M

## 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|5|$10.6M|$0|$20,360|

| 2023|5|$10.3M|$928|$12,500|

| 2022|12|$11.7M|$92,086|$414,054|

## 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|

| PENSIONMARK FINANCIAL GROUP, LLC|INVESTMENT/FINANCIAL ADVI|$25,761|—|$25,761|

| SORREN CPAS P.C.|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $25,761

- **Estimated Expense Ratio:** 0.244% 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|$26,521|$25,761|—|—|—|

| 2023|$39,093|$28,604|—|—|—|

| 2022|$43,790|—|—|—|—|

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