Plan Snapshot
- Plan Sponsor: Everyage
- Sponsor EIN: 566056582
- Sponsor Address: 100 LEONARD AVENUE, NEWTON, NC, 286589649
- Plan Type: 403(b)
- Plan Number: 001
- Total Participants: 1,490
- Total Assets: $29.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 1,490 | $29.0M | $0 | $0 |
| 2024 | 1,187 | $23.0M | $934,279 | $2.1M |
| 2023 | 964 | $19.1M | $936,686 | $1.7M |
| 2022 | 975 | $16.8M | $728,406 | $1.5M |
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 | $190,294 | — | $190,294 |
| CREATIVE PLANNING, LLC | Investment Advisor | — | $21,492 | $21,492 |
| MMA SECURITIES LLC | Investment Advisor | — | $15,000 | $15,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $226,786
- Estimated Expense Ratio: 0.783% 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 | $2,696,781 | $2,250 | $190,294 | — | — |
| 2024 | $149,385 | — | $149,385 | — | — |
| 2023 | $139,743 | — | $139,743 | — | — |
| 2022 | $110,631 | — | $110,631 | — | — |