Plan Snapshot
- Plan Sponsor: Evolvehr V, INC.
- Sponsor EIN: 454287502
- Sponsor Address: 7234 W NORTH AVE, CHICAGO, IL, 60707
- Plan Type: 401(k)
- Total Participants: 659
- Total Assets: $40.6M
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. |
|---|---|---|---|---|
| 2024 | 659 | $40.6M | $1.2M | $2.4M |
| 2023 | 145 | $25.5M | $181,565 | $616,900 |
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 |
|---|---|---|---|---|
| AMERITAS LIFE INSURANCE CORP | Recordkeeper | $66,533 | — | $66,533 |
| BKS FINANCIAL INVESTMENTS LLC | Other Service Provider | $49,411 | — | $49,411 |
| EVOLVEHR V, INC. | Other Service Provider | $10,153 | — | $10,153 |
| JASON F. CLAUSEN, P.C. | Other Service Provider | $10,000 | — | $10,000 |
| CHARLES SCHWAB BANK | Recordkeeper | $7,625 | — | $7,625 |
| LPL FINANCIAL | Other Service Provider | $5,235 | — | $5,235 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AMERITAS LIFE INSURANCE CORP — Recordkeeper
- CHARLES SCHWAB BANK — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $148,957
- Estimated Expense Ratio: 0.367% 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 | $148,957 | $54,646 | $76,686 | $10,000 | — |
| 2023 | $30,680 | $11,921 | $16,552 | — | — |