401k Record

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SAFE Boats International 401(k)

Recordkeeping fees per participant · Safe Future 401(k) Plan · plan year 2024

$19.38

Higher than 19% of the 14,075 plans $10 to 50M that report it.

Source

= $6,260 / 323
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250930051131NAL0011918289001, received 2025-09-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250930051131NAL0011918289001, received 2025-09-30

10th: $10.53median $83.9490th: $217.08

Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-09-30.

Cost and contributions

Administrative expenses excluding investment management, per participant

$19.38

10th: $15.36median $118.8890th: $340.63

Higher than 13% of the 24,371 plans $10 to 50M that report it.

Source

= $6,260 / 323
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250930051131NAL0011918289001, received 2025-09-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250930051131NAL0011918289001, received 2025-09-30

Administrative expenses per participant

$170.62

10th: $26.86median $197.2590th: $456.10

Higher than 44% of the 25,098 plans $10 to 50M that report it.

Source

= $55,111 / 323
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250930051131NAL0011918289001, received 2025-09-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250930051131NAL0011918289001, received 2025-09-30

Administrative expenses as a share of assets

0.370%

10th: 0.035%median 0.289%90th: 0.599%

Higher than 64% of the 25,132 plans $10 to 50M that report it.

Source

= $55,111 / $14,886,097
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250930051131NAL0011918289001, received 2025-09-30
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250930051131NAL0011918289001, received 2025-09-30

Employer contributions per participant

$877

10th: $664median $2,07490th: $4,751

Higher than 15% of the 24,050 plans $10 to 50M that report it.

Source

= $283,341 / 323
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250930051131NAL0011918289001, received 2025-09-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250930051131NAL0011918289001, received 2025-09-30

Employer share of total contributions

17.8%

10th: 13.1%median 27.9%90th: 45.2%

Higher than 19% of the 24,084 plans $10 to 50M that report it.

Source

= $283,341 / $1,594,632
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250930051131NAL0011918289001, received 2025-09-30
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250930051131NAL0011918289001, received 2025-09-30

Plan terms, as stated in SAFE Boats International L.L.C.'s SEC filings

Plan terms are not published in public filings.

Plan features

2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250930051131NAL0011918289001, received 2025-09-30

Full record, Safe Future 401(k) Plan

FieldValueSource
Plan sponsorSAFE BOATS INTERNATIONAL, LLCForm 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250930051131NAL0011918289001, received 2025-09-30
Plan nameSAFE FUTURE 401(K) PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20250930051131NAL0011918289001, received 2025-09-30
Sponsor EIN / plan number91-1737896 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250930051131NAL0011918289001, received 2025-09-30
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250930051131NAL0011918289001, received 2025-09-30
Sponsor locationBREMERTON, WAForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250930051131NAL0011918289001, received 2025-09-30
Industry (business code)336610, ManufacturingForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20250930051131NAL0011918289001, received 2025-09-30
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250930051131NAL0011918289001, received 2025-09-30
Filing received2025-09-30Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250930051131NAL0011918289001, received 2025-09-30
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250930051131NAL0011918289001, received 2025-09-30
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20250930051131NAL0011918289001, received 2025-09-30
Participants, beginning of year318Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250930051131NAL0011918289001, received 2025-09-30
Active participants257Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250930051131NAL0011918289001, received 2025-09-30
Participants, end of year336Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250930051131NAL0011918289001, received 2025-09-30
Participants with an account balance323Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250930051131NAL0011918289001, received 2025-09-30
Total assets, beginning of year$12,519,702Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250930051131NAL0011918289001, received 2025-09-30
Total assets, end of year$14,886,097Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250930051131NAL0011918289001, received 2025-09-30
Net assets, end of year$14,886,097Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250930051131NAL0011918289001, received 2025-09-30
Total income$3,183,628Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250930051131NAL0011918289001, received 2025-09-30
Net income$2,366,395Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250930051131NAL0011918289001, received 2025-09-30
Employer contributions$283,341Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250930051131NAL0011918289001, received 2025-09-30
Participant contributions$1,174,753Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250930051131NAL0011918289001, received 2025-09-30
Other contributions (incl. rollovers)$136,538Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250930051131NAL0011918289001, received 2025-09-30
Total contributions$1,594,632Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250930051131NAL0011918289001, received 2025-09-30
Benefit payments$754,748Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250930051131NAL0011918289001, received 2025-09-30
Total expenses (incl. benefit payments)$817,233Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250930051131NAL0011918289001, received 2025-09-30
Total administrative expenses$55,111Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250930051131NAL0011918289001, received 2025-09-30
Recordkeeping fees$6,260Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250930051131NAL0011918289001, received 2025-09-30
Investment advisory and management fees$48,851Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250930051131NAL0011918289001, received 2025-09-30
Administrative expenses excluding investment management$6,260derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250930051131NAL0011918289001, received 2025-09-30
Held in common/collective trusts$1,162,693Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250930051131NAL0011918289001, received 2025-09-30
Held in mutual funds$13,431,674Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250930051131NAL0011918289001, received 2025-09-30
Independent auditorBAKER TILLY US, LLPSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250930051131NAL0011918289001, received 2025-09-30

Position = column in the DOL layout for form year 2024. Filing 20250930051131NAL0011918289001, received 2025-09-30.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
WAYNE HUMMER INVESTMENTS, LLCrecordkeeperINVESTMENT/FINANCIAL ADVI 15 Recordkeeping and information management; 21 Trustee (bank, trust company or similar); 49 Other services; 50 Direct payment from the plan; 64 Recordkeeping fees; 99 Other fees $45,436no
ADP, INC.recordkeeperRECORD KEEPER 37 Participant loan processing; 50 Direct payment from the plan; 15 Recordkeeping and information management; 64 Recordkeeping fees; 26 Investment advisory (participants); 49 Other services; 99 Other fees $9,675yes

Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250930051131NAL0011918289001, received 2025-09-30.

What changed since the 2023 plan year

Figure20232024Change
Total assets$12,519,702$14,886,09718.9%
Participants with a balance2993238.0%
Administrative expenses$49,137$55,11112.2%
Recordkeeping fees per participant$17.89$19.388.4%
Employer contributionsnot reported$283,341

Prior filing 20241015063114NAL0027719601001, received 2024-10-15; the plan years are contiguous.

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Sponsor name as filed: SAFE BOATS INTERNATIONAL, LLC; SEC registrant: SAFE Boats International L.L.C. (CIK 1498491, matched by EIN).