Plan Snapshot
- Plan Sponsor: Evernest Holdings, LLC
- Sponsor EIN: 800158684
- Sponsor Address: 1701 OXMOOR ROAD, BIRMINGHAM, AL, 35209
- Plan Type: 401(k)
- Total Participants: 174
- Total Assets: $2.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 174 | $2.2M | $298,300 | $541,169 |
| 2023 | 173 | $2.2M | $294,361 | $494,713 |
| 2022 | 107 | $589,286 | $168,275 | $254,129 |
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 | $23,018 | — | $23,018 |
| WARREN AVERETT BENEFIT CONSULTANTS | Investment Advisor | $18,208 | $4 | $18,212 |
| WAVERLY ADVISORS LLC | Recordkeeper | $4,979 | $790 | $5,769 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $46,999
- Estimated Expense Ratio: 2.106% 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 | $46,208 | $18,211 | $27,997 | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |