First Steps, Inc.403(b)
EQUITABLE FINANCIAL LIFE INSURANCE COMPANY · NASHVILLE, TN · plan year 2023
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
First Steps, Inc. reported $40 in plan administrative expenses for 2023: 0.96% of average plan assets, below the peer median. Employer contributions averaged $0 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.
Across the 2 years on file its reported administrative ratio has held roughly steady near 0.96%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Tennessee (1,495th of 1,496), and 11,886th of 11,911 in health care & social assistance.
First Steps, Inc.'s 2023 employer contribution ran below the $522 median for plans its size, in the bottom quarter of its peers. 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 2023 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 620674974 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.