Safenet Consulting Inc 401(K) Profit Sharing Plan & Trust — Form 5500 plan (Safenet Consulting Inc)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Safenet Consulting Inc 401(K) Profit Sharing Plan & Trust is a benefit plan reported by Safenet Consulting Inc under EIN 41-1785398 and plan number 001. The latest loaded filing year is 2023. The filing reports 116 participants and $41,502 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Safenet Consulting Inc
- EIN
- 41-1785398
- Plan number
- 001
- Plan type
- 2
- Location
- Minnetonka, MN
- Latest filing year
- 2023
- Participants
- 116
- End-of-year plan assets
- $41,502
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 116 | H, C | 20241011155559NAL0039381328001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $41,502
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $41,502
- Net assets (BOY)
- $6,973,486
Income & contributions
- Employer contributions
- $0
- Participant contributions
- $342,914
- Total contributions
- $420,283
- Total income / additions
- $1,344,939
Expenses & distributions
- Benefits paid
- $8,240,089
- Administrative expenses
- $36,834
- Total expenses
- $8,276,923
- Net increase / (decrease)
- -$6,931,984
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Paychex, Inc. | RECORDKEEPER | $16,577 | not reported in the loaded dataset | 2023 |
| Securian Financial Services, Inc | ADVISOR | $8,438 | not reported in the loaded dataset | 2023 |