Safavieh 401(k) Plan: Login, Facts & Contact Information

Safavieh 401(k) Plan Facts

Plan name
SAFAVIEH GROUP, LLC 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SAFAVIEH
Participants
765 (470 active employees)
Former employees with a balance
286
Plan assets
$7,637,104 at Dec 31, 2024
Average account balance
$15,845 across 482 accounts
Employer contributions
$255,416 in plan year 2024 (20% of all contributions)
Recordkeeper
Adp, Inc.
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 2017
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 15, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $1.30 million went into the plan in contributions, $255,416 of it from the employer (20%).
  • $396,700 was paid out to participants.
  • Investment and other income added $891,136.
  • Administrative expenses were $3,025, about $6 per account.

How the Safavieh 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019336$1.41 million$150,000$57,174
2020435$2.55 million$148,467$27,110
2021552$3.98 million$217,332$63,188
2022621$4.21 million$246,754$183,970
2023688$5.87 million$247,652$308,431
2024765$7.64 million$255,416$396,700

Safavieh 401(k) Contact Information

Phone
516-945-1918
Mailing address
40 HARBOR PARK DRIVE, PORT WASHINGTON NY 11050
Plan sponsor
SAFAVIEH
Employer identification number (EIN)
20-4052536
Plan number
002

Questions about the Safavieh 401(k)

Does Safavieh contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $255,416, 20% of all contributions.

Does the Safavieh 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Safavieh 401(k) plan?

765 participants at the start of plan year 2024, 470 of them active employees, and 286 former employees who still had money in the plan.

What is the average 401(k) balance at Safavieh?

About $15,845 per account: $7.64 million in plan assets across 482 accounts with a balance at the end of plan year 2024.

Who manages the Safavieh 401(k) accounts?

ADP Retirement Services (listed on the filing as ADP, INC.) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Safavieh. How do I access my 401(k)?

Your account stays with ADP Retirement Services after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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