Plan Ledger DOL Form 5500 · updated monthly

One Step Up, LTD401(k)

ONE STEP UP, LTD 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.42%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

One Step Up, LTD reported $111,082 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $1,865 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 3 years on file its reported administrative ratio has held roughly steady near 0.42%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 2,010th-largest of 5,648 plans among New York employers on file, and the 1,402nd of 4,246 in wholesale trade. In 2024, employees put in $4.47 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$28,882,458
Participants with balances213
Active participants173
Employer contributions$322,710
Employee contributions$1,442,695
Employer contribution per active participant$1,865
Average account balance$135,598
Benefits paid to participants$1,208,850
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.9M · 213 accts · $323K emplr
2023$23.9M · 221 accts · $322K emplr
2022$20.4M · 222 accts · $313K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$111,082
Total administrative$111,082
The One Step Up, LTD 401(k) match · 2024
Employer contribution per active participant$1,865
Median for plans this size$2,416
2024$1,865 per active participant
2023$1,917 per active participant
2022$1,768 per active participant

One Step Up, LTD's 2024 employer contribution ran below the $2,416 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.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$111,081
PENSIONMARK FINANCIAL GROUP, LLC · Investment advisory (plan)indirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$111,082 · 0.42%
2023$93,864 · 0.42%
2022$90,983 · 0.41%
Same employer
Similar plansWholesale Trade · New York
Natural Organics, Inc. NY$30.9M · 0.03%
Ermenegildo Zegna Corp. NY$30.8M · 0.34%
Vida Shoes International NY$28.7M · 0.56%
Sisley Cosmetics USA NY$27.6M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133158610 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.