Here's a link to a good description of the loop. It's a very popular hike, and as long as you don't try bushwhacking a short-cut, you should be fine.

Yes, the topography gets very steep up high, but along the trail it's pretty safe. Just about any trail in the Sawtooths makes a superb hike!

https://rootsrated.com/boise-id/backpacking-camping/toxaway-to-alice-lake-loop