Plan Snapshot
- Plan Sponsor: Stepstone Hospitality INC.
- Sponsor EIN: 205320681
- Sponsor Address: 333 WESTMINSTER ST 4, PROVIDENCE, RI, 02903
- Plan Type: 401(k)
- Total Participants: 1,217
- Total Assets: $5.9M
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 | 1,217 | $5.9M | $553,597 | $1.4M |
| 2023 | 430 | $4.0M | $292,731 | $782,506 |
| 2022 | 254 | $2.8M | $142,076 | $423,646 |
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 |
|---|---|---|---|---|
| KAHN, LITWIN, RENZA & CO, LTD. | Auditor | $35,190 | — | $35,190 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $35,190
- Estimated Expense Ratio: 0.596% 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 | $124,015 | $21,332 | — | $35,190 | — |
| 2023 | $55,259 | $5,741 | — | $21,950 | — |
| 2022 | $42,512 | — | $26,012 | — | $16,500 |