Plan Snapshot
- Plan Sponsor: Evertree Insurance LLC
- Sponsor EIN: 883442469
- Sponsor Address: 2929 SABRE ST, VIRGINIA BEACH, VA, 23452
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 244
- Total Assets: $8.5M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 244 | $8.5M | $0 | $0 |
| 2024 | 213 | $5.1M | $559,368 | $1.2M |
| 2023 | 11 | $230,144 | $73,715 | $138,988 |
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 |
|---|---|---|---|---|
| EMPOWER LIFE & ANNUITY INSURANCE CO | Recordkeeper | $18,434 | — | $18,434 |
| ALERA GROUP DBA ALERA INVESTMENT AD | Investment Advisor | $18,342 | — | $18,342 |
| HUNNEX & SHOEMAKER, INC. | Other Service Provider | $13,293 | — | $13,293 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $50,069
- Estimated Expense Ratio: 0.586% 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 |
|---|---|---|---|---|---|
| 2025 | $695,862 | $50,732 | — | — | — |
| 2024 | $31,636 | $13,268 | $9,269 | — | — |
| 2023 | $124 | — | — | — | — |