First Step House401(k)
EMPLOYEE BENEFIT PLAN OF FIRST STEP HOUSE · SALT LAKE CITY, UT · plan year 2022
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
First Step House reported $413 in plan administrative expenses for 2022: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $859 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Utah (710th of 848), and 2,734th of 3,341 in other services. In 2022, employees put in $2.37 for every $1.00 the employer contributed.
First Step House's 2022 employer contribution ran below the $1,114 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 870290963 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.