Evercore Partners Services East, LLC 401(k) Review & Grade
Evercore Partners Services East, LLC Retirement Plan
New York, NYFinance & Insurance1,702 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,603Employer $ per active participant
$17,523Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$355.1MNet plan assets, end of year
$151,745Average balance per account
Score breakdown
- Employer generosity7.9 / 5016th percentile for employer $ per participant
- Low cost24.0 / 2596th percentile for low admin cost vs. same-size plans
- Employee saving14.1 / 1594th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 16th |
| Lower admin cost | 96th |
| Employee saving | 94th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $53,499 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Evercore Partners Services East put in about $1,603 per active participant, below the typical peer ($3,606). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $2,727,896 |
| Participant (employee) contributions | $29,824,772 |
| Other contributions (incl. rollovers in) | $8,461,215 |
| Administrative expenses paid from the plan | $55,878 |
| Contract administrator fees | $900 |
| Benefits paid out | $16,991,293 |
| Net assets, start / end of year | $282.0M / $355.1M |
| Active participants, start / end of year | 1,641 / 1,763 |
| Participants with account balances | 2,340 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eisneramper LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $55,878 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250919111818NAL0001055891001, received 2025-09-19, EIN 01-0552543, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.