A retractable step assembly for a vehicle includes a track assembly mounted on a vehicle frame beneath a workbed, a step assembly, and a pivot assembly that engages the track and step assemblies together. The step assembly moves between a storage position where it is disposed between tracks of the track assembly, and an operational position where it extends outwardly from the tracks, through an aperture in the vehicle's wall panel, and angles downwardly toward the ground. A foldable handrail on the step assembly is selectively movable between a collapsed position and an extended position. The handrail is in the extended position when the step assembly is operational and folds to the collapsed position when the step assembly is stored. First and second supports are provided for the step assembly to rest upon when in either of the storage position and the operational position.