Strategies to Empower People, Inc. (S.T.E.P.)401(k)
THE STEP PROGRAM, INC. 401(K) PROFIT SHARING PLAN · SACRAMENTO, CA · plan year 2023
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Strategies to Empower People, Inc. (S.T.E.P.) reported $47,409 in plan administrative expenses for 2023: 0.51% of average plan assets, above the peer median. Employer contributions averaged $694 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 0.56%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in California (5,442nd of 9,483), and the 5,682nd of 11,911 in health care & social assistance. In 2023, employees put in $1.91 for every $1.00 the employer contributed; active participation has grown from 358 to 444 since 2022.
Strategies to Empower People, Inc. (S.T.E.P.)'s 2023 employer contribution ran below the $1,308 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.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 680361600 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.