Plan Snapshot
- Plan Sponsor: Step Up For Students-Florida, INC.
- Sponsor EIN: 593649371
- Sponsor Address: 4655 SALISBURY RD SUITE 400, JACKSONVILLE, FL, 32256
- Plan Type: 401(k)
- Total Participants: 397
- Total Assets: $20.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 397 | $20.9M | $1.5M | $2.3M |
| 2023 | 309 | $17.4M | $1.1M | $1.8M |
| 2022 | 246 | $13.2M | $825,499 | $1.4M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $42,026 | — | $42,026 |
| GLOBAL RETIREMENT PARTNERS LLC | INVESTMENT ADVISOR | $30,803 | — | $30,803 |
| WELLTH ADVISORY SERVICES LLC | INVESTMENT ADVISOR | $24,575 | — | $24,575 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $17,646 | — | $17,646 |
| ASSURANCEDIMENSIONS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ASSURANCEDIMENSIONS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $115,050
- Estimated Expense Ratio: 0.551% 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 |
|---|---|---|---|---|---|
| 2024 | $115,050 | $73,024 | — | — | — |
| 2023 | $91,080 | $57,254 | — | — | — |
| 2022 | $87,280 | $50,804 | $36,476 | — | — |