Evergreen Senior Management LLC 401(k) Review & Grade
Evergreen Senior Management LLC 401(k) Plan
Blue Bell, PAHealth Care & Social Assistance864 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$544Employer $ per active participant
$844Employee $ saved per active participant
1.00%Direct admin cost, % of plan assets
$9.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity18.7 / 5037th percentile for employer $ per participant
- Low cost1.6 / 256th percentile for low admin cost vs. same-size plans
- Employee saving2.8 / 1519th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score16 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 6th |
| Employee saving | 19th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($528,200 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Evergreen Senior Management put in about $544 per active participant, below the typical peer ($976). 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.
- Direct plan expenses (1.00% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $469,730 |
| Participant (employee) contributions | $729,594 |
| Other contributions (incl. rollovers in) | $8,586 |
| Administrative expenses paid from the plan | $92,372 |
| Contract administrator fees | $92,372 |
| Benefits paid out | $1,423,399 |
| Net assets, start / end of year | $8.9M / $9.5M |
| Active participants, start / end of year | 895 / 833 |
| Participants with account balances | 416 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Alliant Insurance Services | $45,946 reported compensation |
| Empower Annuity Insurance Company O | $34,057 reported compensation |
| Empower Advisory Group, LLC | $20,625 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251023071902NAL0001983153001, received 2025-10-23, EIN 46-3140763, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.