Plan Ledger DOL Form 5500 · updated monthly

Stepowoy Enterprises, LLC401(k)

STEPOWOY ENTERPRISES 401K PLAN · MEDINA, OH · plan year 2024

Reported admin expense ratio · 2024
0.88%

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

Stepowoy Enterprises, LLC reported $42,256 in plan administrative expenses for 2024: 0.88% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,915 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 1 year on file its reported administrative ratio fell from 1.26% to 0.88%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Ohio (2,492nd of 3,295), and 2,240th of 3,341 in other services. In 2024, employees put in $2.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,361,183
Participants with balances339
Active participants198
Employer contributions$379,239
Employee contributions$834,637
Employer contribution per active participant$1,915
Average account balance$15,815
Benefits paid to participants$569,758
Plan auditUnmodified (clean) audit opinion
AuditorCIUNI & PANICHI, INC.
Plan history2
Yearassets · accounts · employer contribution
2024$5.4M · 339 accts · $379K emplr
2023$4.2M · 226 accts · $260K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,192
Total administrative$42,256
The Stepowoy Enterprises, LLC 401(k) match · 2024
Employer contribution per active participant$1,915
Median for plans this size$1,313
2024$1,915 per active participant
2023$1,680 per active participant

Stepowoy Enterprises, LLC's 2024 employer contribution ran above the $1,313 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
LPL FINANCIALindirect comp
PA RETIREMENT SOLUTIONS, INC. · Other servicesindirect comp

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

Administrative cost history2
2024$42,256 · 0.88%
2023$46,715 · 1.26%
Same employer
Similar plansOther Services · Ohio
Iron Pony Motorsports Inc OH$5.4M · 0.82%
Bridgeway Academy OH$5.2M · 0.69%
Cip International Inc OH$5.1M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 810793283 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.