Step Forward 403(B) Retirement Plan — Form 5500 plan (Step Forward)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Step Forward 403(B) Retirement Plan is a benefit plan reported by Step Forward under EIN 34-0965350 and plan number 002. The latest loaded filing year is 2023. The filing reports 484 participants and $21,932,721 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Step Forward
- EIN
- 34-0965350
- Plan number
- 002
- Plan type
- 2
- Location
- Cleveland, OH
- Latest filing year
- 2023
- Participants
- 484
- End-of-year plan assets
- $21,932,721
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 484 | H, C | 20241015105854NAL0016190131001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $21,932,721
- Total liabilities (EOY)
- $103
- Net assets (EOY)
- $21,932,618
- Net assets (BOY)
- $20,044,318
Income & contributions
- Employer contributions
- $1,230,910
- Participant contributions
- $620,969
- Total contributions
- $1,970,936
- Total income / additions
- $4,201,756
Expenses & distributions
- Benefits paid
- $2,289,446
- Administrative expenses
- $24,010
- Total expenses
- $2,313,456
- Net increase / (decrease)
- $1,888,300
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $24,604 | $0 | 2023 |
| M2b Retirement Consulting, LLC | OTHER SERVICES | $0 | $5,283 | 2023 |