Steptoe & Johnson PLLC 401(k) Review & Grade
Steptoe & Johnson PLLC 401(k) Plan
Bridgeport, WVProfessional, Scientific & Technical Services684 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$9,440Employer $ per active participant
$8,591Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$188.9MNet plan assets, end of year
$214,148Average balance per account
Score breakdown
- Employer generosity44.8 / 5090th percentile for employer $ per participant
- Low cost16.3 / 2565th percentile for low admin cost vs. same-size plans
- Employee saving7.0 / 1546th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score78 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 90th |
| Lower admin cost | 65th |
| Employee saving | 46th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Steptoe & Johnson PLLC put in about $9,440 per active participant, more than the typical peer ($3,082). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $6,461,439 |
| Participant (employee) contributions | $5,880,759 |
| Other contributions (incl. rollovers in) | $1,036,550 |
| Administrative expenses paid from the plan | $249,110 |
| Contract administrator fees | $110,440 |
| Investment advisory & management fees | $124,046 |
| Other admin expenses | $14,624 |
| Benefits paid out | $11,357,982 |
| Net assets, start / end of year | $166.7M / $188.9M |
| Active participants, start / end of year | 645 / 724 |
| Participants with account balances | 882 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US LLP |
Largest service providers (Schedule C)
| Oneamerica Retirement Services | $111,005 reported compensation |
| Geoffrey Korwan/morgan Stanley | $27,734 reported compensation |
| Undra J. Johnson | $25,225 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015110601NAL0002186851001, received 2025-10-15, EIN 55-0286140, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.