Plan Snapshot
- Plan Sponsor: First Step, INC.
- Sponsor EIN: 710307372
- Sponsor Address: 407 CARSON STREET, HOT SPRINGS, AR, 71914
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 688
- Total Assets: $16.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 688 | $16.3M | $0 | $0 |
| 2024 | 563 | $14.2M | $624,577 | $822,596 |
| 2023 | 597 | $14.5M | $603,076 | $756,762 |
| 2022 | 619 | $12.6M | $611,920 | $706,107 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PRIME CAPITAL INVESTMENT ADVISORS L | Investment Advisor | $35,793 | — | $35,793 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $30,453 | — | $30,453 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $66,246
- Estimated Expense Ratio: 0.407% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $1,659,051 | $35,793 | — | — | — |
| 2024 | $105,601 | $10,907 | — | — | — |
| 2023 | $79,904 | $33,707 | — | — | — |
| 2022 | $84,704 | — | — | — | — |