Safenet, Inc. 401(k) Plan
Safenet, Inc., Belcamp MD. Employer ID 521287752, plan number 001. Annual reports on file for 2009 to 2015.
Where the money went
Plans that moved money into this one:
- 2009: money from Mykotronx, Inc. 401(k) Profit Sharing Plan moved in.
- 2009: money from Aksi 401(k) Plan moved in.
- Filed 2009-2015Safenet, Inc. 401(k) Plan, Safenet, Inc.
- EndedSafenet, Inc. 401(k) Plan ended. Money was paid out, rolled to an IRA, or sent to a state or the PBGC. The distribution records show which.
Records are kept by Merrill Lynch, Pierce, Fenner and S, per the 2015 filing.
Left in 2012? Worth asking about employer money
- In plan year 2012, active participants fell from 720 to 532 (26%), and 113 people left before they were fully vested. When a plan loses about 20% or more of its participants in a year, the IRS presumes a partial plan termination (Revenue Ruling 2007-43). Everyone who left in that period must then be fully vested in the employer's contributions. Filing
This is a reason to ask the plan, not a finding. The plan decides, and it may show the drop was routine.
Worked here?
Check your years. We show whether the plan merged or moved money while you were there, and draft the letter to the plan that holds it now.
Events in the filings
- 2015: The plan filed its last report: it ended, merged into another plan, or paid everyone out.
- 2015: At least a quarter of the plan's money moved to another plan this year, usually in a merger or company split.
- 2015: The employer decided to close the plan.
People in the plan
"Left, still in the plan" counts people who left the employer but still have a benefit in the plan, as reported by the plan.
| Plan year | Participants | Left, still in the plan | Source |
|---|---|---|---|
| 2009 | 1,027 | 319 | Filing |
| 2010 | 1,012 | 283 | Filing |
| 2011 | 1,044 | 312 | Filing |
| 2012 | 983 | 449 | Filing |
| 2013 | 889 | 376 | Filing |
| 2014 | 866 | 376 | Filing |
| 2015 | 0 | 0 | Filing |
Source: U.S. Department of Labor Form 5500 filings. Plan-level facts only; no one's balance. Information only, not legal advice.