Important Steps, Inc.401(k)
IMPORTANT STEPS, INC. 401(K) P/S PLAN · BRONX, NY · plan year 2023
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Important Steps, Inc. reported $4,562 in plan administrative expenses for 2023: 0.70% of average plan assets, below the peer median. Employer contributions averaged $275 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 0.70%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in New York (5,403rd of 5,648), and 3,012th of 3,091 in educational services.
Important Steps, Inc.'s 2023 employer contribution ran below the $522 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 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 113693212 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.