Plan Snapshot
- Plan Sponsor: Safran Usa, INC.
- Sponsor EIN: 510282961
- Sponsor Address: 2201 W. ROYAL LANE, SUITE 150, IRVING, TX, 75063
- Plan Type: 401(k)
- Total Participants: 3,913
- Total Assets: $598.1M
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 | 3,913 | $598.1M | $14.8M | $25.0M |
| 2023 | 3,282 | $538.5M | $15.6M | $22.8M |
| 2022 | 3,058 | $468.7M | $13.9M | $20.6M |
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 |
|---|---|---|---|---|
| FORVIS MAZARS LLP | Auditor | $34,320 | — | $34,320 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $34,320
- Estimated Expense Ratio: 0.006% 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 | $376,633 | $83,350 | — | $34,320 | — |
| 2023 | $166,956 | $24,929 | — | $34,320 | — |
| 2022 | $160,064 | $22,070 | — | — | $108,764 |