Plan Ledger DOL Form 5500 · updated monthly

Steptoe LLP401(k)

STEPTOE & JOHNSON LLP 401(K) PROFIT SHARING PLAN · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Steptoe LLP reported $214,980 in plan administrative expenses for 2024: 0.05% of average plan assets, below the peer median. Employer contributions averaged $11,767 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 fell from 0.06% to 0.05%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other professional & technical services employers. By assets it is the 25th-largest of 618 plans among District of Columbia employers on file, and the 386th of 11,654 in professional & technical services. In 2024, employees put in $1.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$455,788,059
Participants with balances1,114
Active participants727
Employer contributions$8,554,905
Employee contributions$11,717,218
Employer contribution per active participant$11,767
Average account balance$409,145
Benefits paid to participants$33,993,697
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$455.8M · 1,114 accts · $8.6M emplr
2023$399.8M · 1,059 accts · $8.3M emplr
2022$345.8M · 1,015 accts · $7.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,222
Investment management$186,758
Total administrative$214,980
The Steptoe LLP 401(k) match · 2024
Employer contribution per active participant$11,767
Median for plans this size$4,294
2024$11,767 per active participant
2023$12,002 per active participant
2022$11,717 per active participant

Steptoe LLP's 2024 employer contribution ran above the $4,294 median for plans its size, placing it in the top 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.

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 · 20247
SCHWAB RETIREMENT PLAN SERVICES, IN · Recordkeeping$28,221
FRONTIER ASSET MANAGEMENT LLC · Investment advisory (participants)$62,360
CREATIVE PLANNING LLC · Investment advisory (participants)$59,617
MAY BARNHARD INVESTMENTS LLC D · Investment advisory (participants)$31,468
PRIVATE ADVISOR GROUP LLC · Investment advisory (participants)$14,041
MESIROW FINANCIAL INVESTMENT M · Investment advisory (participants)$8,265
CHARLES SCHWAB & CO., INC. · Securities brokerage$5,055

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$214,980 · 0.05%
2023$212,364 · 0.06%
2022$243,702 · 0.06%
Same employer
Similar plansProfessional & Technical Services · District of Columbia
Crowell & Moring LLP DC$694.9M · 0.03%
Stagwell Global LLC DC$678.0M · 0.27%
Stagwell Marketing Group LLC DC$503.4M · 0.14%
American Chemical Society DC$404.7M · 0.01%
National Academy of Sciences DC$398.2M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521349790 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.