Plan Snapshot
- Plan Sponsor: Step One Automotive Group LLC
- Sponsor EIN: 815293402
- Sponsor Address: 541 MARY ESTHER CUTOFF, FORT WALTON BEACH, FL, 32548
- Plan Type: 401(k)
- Total Participants: 423
- Total Assets: $7.0M
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. |
|---|---|---|---|---|
| 2024 | 423 | $7.0M | $14,700 | $864,742 |
| 2023 | 590 | $7.3M | $308,327 | $1.3M |
| 2022 | 622 | $6.2M | $386,297 | $1.6M |
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 |
|---|---|---|---|---|
| HENDERSONHUTCHERSON&MCCULLOUGH PLLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 |
|---|---|---|---|---|---|
| 2024 | $14,193 | — | $14,193 | — | — |
| 2023 | $15,066 | — | $15,066 | — | — |
| 2022 | $11,805 | — | $11,805 | — | — |