Safe Streets USA LLC 401(k) Review & Grade
Safe Streets USA LLC 401(k) & Profit Sharing Plan
Lehi, UTAdministrative, Support & Staffing Services1,064 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$713Employer $ per active participant
$1,414Employee $ saved per active participant
0.70%Direct admin cost, % of plan assets
$14.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity25.1 / 5050th percentile for employer $ per participant
- Low cost3.3 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving6.4 / 1542th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 13th |
| Employee saving | 42th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Safe Streets USA put in about $713 per active participant, more than the typical peer ($712). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.70% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $758,152 |
| Participant (employee) contributions | $1,503,696 |
| Other contributions (incl. rollovers in) | $144,524 |
| Administrative expenses paid from the plan | $97,257 |
| Investment advisory & management fees | $57,107 |
| Benefits paid out | $2,195,604 |
| Net assets, start / end of year | $13.0M / $14.9M |
| Active participants, start / end of year | 782 / 1,345 |
| Participants with account balances | 294 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Squire & Company |
Largest service providers (Schedule C)
| Capfinancial Partners LLC | $57,107 reported compensation |
| Fidelity Investments Institutional | $40,150 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013202916NAL0000935267001, received 2025-10-13, EIN 27-4001370, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.