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FIRST STEP FUNDING, INC. SAVINGS PLAN 401k Plan overview

Plan NameFIRST STEP FUNDING, INC. SAVINGS PLAN
Plan identification number 001

FIRST STEP FUNDING, INC. SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

FIRST STEP FUNDING, INC. has sponsored the creation of one or more 401k plans.

Company Name:FIRST STEP FUNDING, INC.
Employer identification number (EIN):810583733
NAIC Classification:522292
NAIC Description:Real Estate Credit

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST STEP FUNDING, INC. SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01ALI JIHA
0012017-01-01
0012016-01-01ALI JIHA
0012015-01-01ALI JIHA

Plan Statistics for FIRST STEP FUNDING, INC. SAVINGS PLAN

401k plan membership statisitcs for FIRST STEP FUNDING, INC. SAVINGS PLAN

Measure Date Value
2023: FIRST STEP FUNDING, INC. SAVINGS PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-014
Total number of active participants reported on line 7a of the Form 55002023-01-011
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-013
Total of all active and inactive participants2023-01-014
Total participants2023-01-014
Number of participants with account balances2023-01-014
2022: FIRST STEP FUNDING, INC. SAVINGS PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-014
Total number of active participants reported on line 7a of the Form 55002022-01-014
Total of all active and inactive participants2022-01-014
Total participants2022-01-014
Number of participants with account balances2022-01-014
2021: FIRST STEP FUNDING, INC. SAVINGS PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-014
Total number of active participants reported on line 7a of the Form 55002021-01-012
Number of other retired or separated participants entitled to future benefits2021-01-012
Total of all active and inactive participants2021-01-014
Total participants2021-01-014
Number of participants with account balances2021-01-014
2020: FIRST STEP FUNDING, INC. SAVINGS PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-014
Total number of active participants reported on line 7a of the Form 55002020-01-012
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-012
Total of all active and inactive participants2020-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-014
Number of participants with account balances2020-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: FIRST STEP FUNDING, INC. SAVINGS PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-014
Total number of active participants reported on line 7a of the Form 55002019-01-012
Number of other retired or separated participants entitled to future benefits2019-01-012
Total of all active and inactive participants2019-01-014
Total participants2019-01-014
Number of participants with account balances2019-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: FIRST STEP FUNDING, INC. SAVINGS PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-014
Total number of active participants reported on line 7a of the Form 55002018-01-012
Number of other retired or separated participants entitled to future benefits2018-01-012
Total of all active and inactive participants2018-01-014
Total participants2018-01-014
Number of participants with account balances2018-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: FIRST STEP FUNDING, INC. SAVINGS PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-014
Total number of active participants reported on line 7a of the Form 55002017-01-012
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-012
Total of all active and inactive participants2017-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-014
Number of participants with account balances2017-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: FIRST STEP FUNDING, INC. SAVINGS PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-014
Total number of active participants reported on line 7a of the Form 55002016-01-012
Number of retired or separated participants receiving benefits2016-01-012
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-014
Number of participants with account balances2016-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: FIRST STEP FUNDING, INC. SAVINGS PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-014
Total number of active participants reported on line 7a of the Form 55002015-01-014
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-010
Total of all active and inactive participants2015-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-014
Number of participants with account balances2015-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-014

Financial Data on FIRST STEP FUNDING, INC. SAVINGS PLAN

Measure Date Value
2023 : FIRST STEP FUNDING, INC. SAVINGS PLAN 2023 401k financial data
Total income from all sources2023-12-31$38,711
Expenses. Total of all expenses incurred2023-12-31$0
Total plan assets at end of year2023-12-31$2,306,953
Total plan assets at beginning of year2023-12-31$2,268,242
Total contributions received or receivable from participants2023-12-31$25,000
Other income received2023-12-31$11
Net income (gross income less expenses)2023-12-31$38,711
Net plan assets at end of year (total assets less liabilities)2023-12-31$2,306,953
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$2,268,242
Assets. Value of assets in partnership/joint-venture interests2023-12-31$1,513,524
Assets. Value of real-estate (other than employer real property)2023-12-31$182,772
Total contributions received or receivable from employer(s)2023-12-31$13,700
2022 : FIRST STEP FUNDING, INC. SAVINGS PLAN 2022 401k financial data
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$43,125
Expenses. Total of all expenses incurred2022-12-31$0
Total plan assets at end of year2022-12-31$2,268,242
Total plan assets at beginning of year2022-12-31$2,225,117
Total contributions received or receivable from participants2022-12-31$25,000
Net income (gross income less expenses)2022-12-31$43,125
Net plan assets at end of year (total assets less liabilities)2022-12-31$2,268,242
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$2,225,117
Assets. Value of assets in partnership/joint-venture interests2022-12-31$1,474,124
Assets. Value of real-estate (other than employer real property)2022-12-31$222,161
Total contributions received or receivable from employer(s)2022-12-31$18,125
2021 : FIRST STEP FUNDING, INC. SAVINGS PLAN 2021 401k financial data
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$78,219
Expenses. Total of all expenses incurred2021-12-31$0
Total plan assets at end of year2021-12-31$2,225,117
Total plan assets at beginning of year2021-12-31$2,146,898
Total contributions received or receivable from participants2021-12-31$25,000
Other income received2021-12-31$34,594
Net income (gross income less expenses)2021-12-31$78,219
Net plan assets at end of year (total assets less liabilities)2021-12-31$2,225,117
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$2,146,898
Assets. Value of assets in partnership/joint-venture interests2021-12-31$1,474,124
Assets. Value of real-estate (other than employer real property)2021-12-31$650,654
Total contributions received or receivable from employer(s)2021-12-31$18,625
2020 : FIRST STEP FUNDING, INC. SAVINGS PLAN 2020 401k financial data
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$69,035
Expenses. Total of all expenses incurred2020-12-31$0
Total plan assets at end of year2020-12-31$2,146,898
Total plan assets at beginning of year2020-12-31$2,077,863
Total contributions received or receivable from participants2020-12-31$25,000
Expenses. Other expenses not covered elsewhere2020-12-31$0
Other income received2020-12-31$25,410
Net income (gross income less expenses)2020-12-31$69,035
Net plan assets at end of year (total assets less liabilities)2020-12-31$2,146,898
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$2,077,863
Assets. Value of assets in partnership/joint-venture interests2020-12-31$1,451,824
Assets. Value of real-estate (other than employer real property)2020-12-31$428,510
Total contributions received or receivable from employer(s)2020-12-31$18,625
2019 : FIRST STEP FUNDING, INC. SAVINGS PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total income from all sources2019-12-31$52,465
Expenses. Total of all expenses incurred2019-12-31$0
Total plan assets at end of year2019-12-31$2,077,863
Total plan assets at beginning of year2019-12-31$2,025,398
Total contributions received or receivable from participants2019-12-31$25,000
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$9,340
Net income (gross income less expenses)2019-12-31$52,465
Net plan assets at end of year (total assets less liabilities)2019-12-31$2,077,863
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$2,025,398
Assets. Value of assets in partnership/joint-venture interests2019-12-31$1,087,131
Assets. Value of real-estate (other than employer real property)2019-12-31$747,645
Total contributions received or receivable from employer(s)2019-12-31$18,125
2018 : FIRST STEP FUNDING, INC. SAVINGS PLAN 2018 401k financial data
Total income from all sources2018-12-31$42,850
Expenses. Total of all expenses incurred2018-12-31$0
Total plan assets at end of year2018-12-31$2,025,398
Total plan assets at beginning of year2018-12-31$1,982,548
Total contributions received or receivable from participants2018-12-31$24,500
Other income received2018-12-31$350
Net income (gross income less expenses)2018-12-31$42,850
Net plan assets at end of year (total assets less liabilities)2018-12-31$2,025,398
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$1,982,548
Assets. Value of assets in partnership/joint-venture interests2018-12-31$982,714
Assets. Value of real-estate (other than employer real property)2018-12-31$767,645
Total contributions received or receivable from employer(s)2018-12-31$18,000
2017 : FIRST STEP FUNDING, INC. SAVINGS PLAN 2017 401k financial data
Total income from all sources2017-12-31$264,964
Expenses. Total of all expenses incurred2017-12-31$0
Total plan assets at end of year2017-12-31$1,982,548
Total plan assets at beginning of year2017-12-31$1,717,584
Total contributions received or receivable from participants2017-12-31$16,750
Assets. Value of loans (other than to participants)2017-12-31$174,604
Other income received2017-12-31$231,464
Net income (gross income less expenses)2017-12-31$264,964
Net plan assets at end of year (total assets less liabilities)2017-12-31$1,982,548
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$1,717,584
Assets. Value of assets in partnership/joint-venture interests2017-12-31$593,035
Total contributions received or receivable from employer(s)2017-12-31$16,750
2016 : FIRST STEP FUNDING, INC. SAVINGS PLAN 2016 401k financial data
Total income from all sources2016-12-31$168,102
Expenses. Total of all expenses incurred2016-12-31$0
Total plan assets at end of year2016-12-31$1,717,584
Total plan assets at beginning of year2016-12-31$1,549,482
Total contributions received or receivable from participants2016-12-31$18,500
Assets. Value of loans (other than to participants)2016-12-31$174,610
Other income received2016-12-31$131,602
Net income (gross income less expenses)2016-12-31$168,102
Net plan assets at end of year (total assets less liabilities)2016-12-31$1,717,584
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$1,549,482
Assets. Value of assets in partnership/joint-venture interests2016-12-31$912,959
Total contributions received or receivable from employer(s)2016-12-31$18,000
2015 : FIRST STEP FUNDING, INC. SAVINGS PLAN 2015 401k financial data
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$45,846
Expenses. Total of all expenses incurred2015-12-31$0
Benefits paid (including direct rollovers)2015-12-31$0
Total plan assets at end of year2015-12-31$1,549,482
Total plan assets at beginning of year2015-12-31$1,503,636
Total contributions received or receivable from participants2015-12-31$22,750
Assets. Value of loans (other than to participants)2015-12-31$174,610
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$5,096
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$45,846
Net plan assets at end of year (total assets less liabilities)2015-12-31$1,549,482
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$1,503,636
Assets. Value of assets in partnership/joint-venture interests2015-12-31$183,285
Total contributions received or receivable from employer(s)2015-12-31$18,000
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$0

Form 5500 Responses for FIRST STEP FUNDING, INC. SAVINGS PLAN

2023: FIRST STEP FUNDING, INC. SAVINGS PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: FIRST STEP FUNDING, INC. SAVINGS PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: FIRST STEP FUNDING, INC. SAVINGS PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01First time form 5500 has been submittedYes
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: FIRST STEP FUNDING, INC. SAVINGS PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: FIRST STEP FUNDING, INC. SAVINGS PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: FIRST STEP FUNDING, INC. SAVINGS PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: FIRST STEP FUNDING, INC. SAVINGS PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: FIRST STEP FUNDING, INC. SAVINGS PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: FIRST STEP FUNDING, INC. SAVINGS PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes

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