Safeway Insurance 401(k) match, vesting and fees
What Safeway Insurance's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Merrill Lynch, Pierce, Fenner and S | Schedule C ↗ |
| Independent auditor | Deloitte & Touche LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 655 defined-contribution plans in finance and insurance with 500 to 999 participants.
| Safeway Insurance: employer contribution per participant | $8,248 | |
| Peer median | $2,935 |
| Safeway Insurance: average balance | $222,704 | |
| Peer median | $92,770 |
| Safeway Insurance: admin expenses ÷ assets | 0.07% | |
| Peer median | 0.15% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $118M at the end of plan year 2021 to $118M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 576 | $118M | $4.4M | $8,248 | 0.07% | Not published | Form 5500 ↗ |
| 2023 | 529 | $112M | $3.4M | $6,979 | 0.07% | Not published | Form 5500 ↗ |
| 2022 | 518 | $101M | $3.8M | $7,861 | 0.15% | Not published | Form 5500 ↗ |
| 2021 | 534 | $118M | $3.8M | $7,392 | 0.06% | Not published | Form 5500 ↗ |
Common questions
Does Safeway Insurance match 401(k) contributions?
The match terms for the Safeway Insurance Group Profit Sharing and 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $4.4M in employer contributions, about $8,248 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Safeway Insurance 401(k) match vested?
The vesting schedule for the Safeway Insurance Group Profit Sharing and 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Safeway Insurance 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Merrill Lynch, Pierce, Fenner and S. The plan administrator is Safeway Insurance Company.
I left Safeway Insurance. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Safeway Insurance Company, (630) 887-8300) or the recordkeeper, Merrill Lynch, Pierce, Fenner and S. The Safeway Insurance old 401(k) page lists the contacts from every plan filing. Find an old Safeway Insurance 401(k)
Data from the public Form 5500 annual reports Safeway Insurance filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Safeway Insurance. Not financial advice. Report a correction · Methodology