Plan Snapshot
- Plan Sponsor: Step Up On Second Street, INC.
- Sponsor EIN: 954109386
- Sponsor Address: 1328 2ND ST, SANTA MONICA, CA, 90401
- Plan Type: 401(k)
- Total Participants: 456
- Total Assets: $6.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 456 | $6.9M | $222,120 | $740,548 |
| 2023 | 462 | $5.4M | $199,911 | $668,859 |
| 2022 | 389 | $3.6M | $173,266 | $624,529 |
| 2021 | 340 | $4.1M | $0 | $0 |
| 2020 | 366 | $3.0M | $0 | $0 |
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 |
|---|---|---|---|---|
| VALIC | RECORDKEEPER FINANCIAL | $17,353 | — | $17,353 |
| WINDES | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $17,353
- Estimated Expense Ratio: 0.251% 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 | $17,353 | — | $17,353 | — | — |
| 2023 | $690 | — | $690 | — | — |
| 2022 | $462 | — | — | — | $462 |
| 2021 | $589 | $589 | — | — | — |
| 2020 | $383 | $383 | — | — | — |