Plan Snapshot
- Plan Sponsor: Enverus, INC.
- Sponsor EIN: 742934857
- Sponsor Address: 2901 VIA FORTUNA STE 100 BLDG 6, AUSTIN, TX, 787460007
- Plan Type: 401(k)
- Total Participants: 883
- Total Assets: $112.8M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 883 | $112.8M | $4.6M | $9.4M |
| 2023 | 872 | $93.4M | $4.8M | $8.9M |
| 2022 | 942 | $74.1M | $4.2M | $8.7M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $145,953 | — | $145,953 |
| PENSIONMARK FINANCIAL GROUP, LLC | Investment Advisor | — | $40,000 | $40,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $185,953
- Estimated Expense Ratio: 0.165% 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 | $145,953 | — | $145,953 | — | — |
| 2023 | $115,754 | — | $115,754 | — | — |
| 2022 | $102,239 | — | $102,239 | — | — |