Plan Snapshot
- Plan Sponsor: Evo Merchant Services, LLC
- Sponsor EIN: 454145354
- Sponsor Address: 515 BROADHOLLOW ROAD, MELVILLE, NY, 11747
- Plan Type: 401(k)
- Total Participants: 0
- Total Assets: $0
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2023 | 0 | $0 | $1.4M | $4.5M |
| 2022 | 678 | $45.8M | $1.3M | $4.0M |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORD KEEPER | $163,057 | — | $163,057 |
| KESTRA ADVISORY SERVICES, LLC | INVESTMENT ADVISORY | $70,125 | — | $70,125 |
| SMITH & HOWARD, PC | Auditor | $42,000 | — | $42,000 |
| THE BENEFIT PRACTICE | THIRD PARTY ADMIN | $12,298 | — | $12,298 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORD KEEPER
- KESTRA ADVISORY SERVICES, LLC — INVESTMENT ADVISORY
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $287,480
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 |
|---|---|---|---|---|---|
| 2023 | $282,944 | $110,043 | — | $42,000 | — |
| 2022 | $245,480 | — | $245,480 | — | — |