401(k) · DOL Form 5500 · 2022

Safety Insurance Company 401(k) Plan

Data updated 2026-08-11

$156M
Total assets
558
Participants
95th
Percentile by assets
$279,666
Avg per participant
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Official DOL plan name: Safety Insurance Company 401(k) Retirement Plan · Sponsored by Safety Insurance Company · Massachusetts · Finance & Insurance

$156M in assets, 558 participants

Safety Insurance Company's Safety Insurance Company 401(k) Retirement Plan reported $156M in total assets and 558 participants in its 2022 DOL Form 5500 filing, ranking in the 95th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • 95th percentile by assets (of 139,126 plans)
  • #8,451 in Finance & Insurance (9,261 peers)

Where Safety Insurance Company 401(k) Retirement Plan sits by assets

Safety Insurance Company 401(k) Retirement Plan sits in the top 5% of all filed plans by assets, $156M for 558 participants (~$279,666/participant), down 19.1% in 2022.

$156M
total plan assets (2022 EOY)
558
covered participants
95th
percentile by assets (of 139,126 plans)
$279,666
avg assets per participant

The plan reported a net loss of $37M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Safety Insurance Company 401(k) Retirement Plan sits by total assets

Safety Insurance Company 401(k) Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$156,053,448 Top 5% higher than 95% of 139,123 filed plans

This plan $0 $2,010,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

State
Massachusetts
Industry
Finance & Insurance

Safety Insurance Company 401(k) Retirement Plan vs the 2022 asset distribution

By assets, Safety Insurance Company 401(k) Retirement Plan outranks 95% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 1.6x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$193M
Net Assets (End of Year)$156M
Net Income-$37M
Employer EIN042689624
Plan Effective Date1972-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Safety Insurance Company)

$140M$160M$180M$200M$220M 202220232024 $156M $206M ▲ +31.9%
Total plan assets by year, all Safety Insurance Company plans on file
Year Plans Participants Total Assets
2022 1 558 $156M
2023 1 539 $186M
2024 1 595 $206M

Nearby 401(k) Plans in Massachusetts

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Safety Insurance Company 401(k) Retirement Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -100102030 Total assets ($B) Participants Safety Insurance Com…, Total assets ($B): 0.156053448 · Participants: 558Safety Insurance Com…Fidelity Retirement …, Total assets ($B): 22.953563448 · Participants: 52036Fidelity Retirement …Liberty Mutual 401(k…, Total assets ($B): 8.79802945 · Participants: 32843Liberty Mutual 401(k…Massachusetts Instit…, Total assets ($B): 5.810585521 · Participants: 13690Massachusetts Instit…Philips North Americ…, Total assets ($B): 5.180251859 · Participants: 19750Philips North Americ…Boston Scientific Co…, Total assets ($B): 4.853752256 · Participants: 18359Boston Scientific Co…
Safety Insurance Company 401(k) Retirement Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Safety Insurance Company 401(k) Retireme… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Safety Insurance Company 401(k) Retirement Plan by total assets, not by location.

Frequently Asked Questions

How did Safety Insurance Company 401(k) Retirement Plan assets move in 2022? ▼
Safety Insurance Company 401(k) Retirement Plan declined sharply - down 19.1% during 2022, from $193M to $156M. Reported net income was -$37M.
How have Safety Insurance Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Safety Insurance Company's sponsor-wide assets grew 31.9%, from $156M to $206M.
Where does Safety Insurance Company 401(k) Retirement Plan rank by assets among Form 5500 filers? ▼
Safety Insurance Company 401(k) Retirement Plan ranks in the 95th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Safety Insurance Company 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Sick USA Retirement Savings Plan in MN ($156M, 794 participants).

Next read for Safety Insurance Company 401(k) Retireme…

Scale reading

Ways to act on Safety Insurance Company 401(k) Retirement Plan's numbers.

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 042689624.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.