Step by Step 401(k) match, vesting and fees
What Step by Step's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Insurance Company | Schedule C ↗ |
| Independent auditor | Baker Tilly US LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 1,281 defined-contribution plans in health care and social assistance with 1,000 to 4,999 participants.
| Step by Step: employer contribution per participant | $1,164 | |
| Peer median | $1,358 |
| Step by Step: average balance | $19,327 | |
| Peer median | $44,442 |
| Step by Step: admin expenses ÷ assets | 0.39% | |
| Peer median | 0.21% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $17.5M at the end of plan year 2021 to $23.8M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,547 | $23.8M | $1.4M | $1,164 | 0.39% | Not published | Form 5500 ↗ |
| 2023 | 1,586 | $21.4M | $1.4M | $1,186 | 0.13% | Not published | Form 5500 ↗ |
| 2022 | 1,418 | $19.3M | $1.2M | $1,166 | 0.21% | Not published | Form 5500 ↗ |
| 2021 | 1,374 | $17.5M | $1.4M | $1,253 | 0.22% | Not published | Form 5500 ↗ |
Common questions
Does Step by Step match 401(k) contributions?
The match terms for the Retirement Plan for Employees of Step by Step, Inc have not been published from its filing yet. The plan year 2024 filing reports $1.4M in employer contributions, about $1,164 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Step by Step 401(k) match vested?
The vesting schedule for the Retirement Plan for Employees of Step by Step, Inc is not in the data published so far. Your Summary Plan Description states it.
Who manages the Step by Step 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company. The plan administrator is Step by Step, Inc..
I left Step by Step. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Step by Step, Inc., (570) 829-3477) or the recordkeeper, Empower Annuity Insurance Company. The Step by Step old 401(k) page lists the contacts from every plan filing. Find an old Step by Step 401(k)
Data from the public Form 5500 annual reports Step by Step filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Step by Step. Not financial advice. Report a correction · Methodology