Safran Passenger Innovations LLC 401(k) Review & Grade
Safran Passenger Innovations LLC. 401k Plan and Trust
Brea, CAProfessional, Scientific & Technical Services502 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,715Employer $ per active participant
$12,106Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$74.0MNet plan assets, end of year
$113,342Average balance per account
Score breakdown
- Employer generosity39.0 / 5078th percentile for employer $ per participant
- Low cost20.3 / 2581th percentile for low admin cost vs. same-size plans
- Employee saving11.2 / 1575th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 78th |
| Lower admin cost | 81th |
| Employee saving | 75th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,801 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Safran Passenger Innovations put in about $5,715 per active participant, more than the typical peer ($3,082). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $2,866,240 |
| Participant (employee) contributions | $6,071,110 |
| Other contributions (incl. rollovers in) | $1,182,157 |
| Administrative expenses paid from the plan | $47,541 |
| Benefits paid out | $5,272,563 |
| Net assets, start / end of year | $60.4M / $74.0M |
| Active participants, start / end of year | 447 / 556 |
| Participants with account balances | 653 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | −$28,594 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250905132646NAL0017233329001, received 2025-09-05, EIN 30-0708432, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.