Plan Snapshot
- Plan Sponsor: Everus Construction Group, INC.
- Sponsor EIN: 991952207
- Sponsor Address: 1730 BURNT BOAT DRIVE, BISMARCK, ND, 585030911
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 1,946
- Total Assets: $229.7M
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 | 1,946 | $229.7M | $0 | $0 |
| 2024 | 1,603 | $194.5M | $4.3M | $3.8M |
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 | $170,233 | $14,936 | $185,169 |
| EDELMAN FINANCIAL ENGINES, LLC | Other Service Provider | $56,990 | — | $56,990 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $242,159
- Estimated Expense Ratio: 0.105% 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 | $21,904,495 | $56,990 | $170,233 | — | — |
| 2024 | $52,949 | $14,020 | $38,929 | — | — |