Evervet Operations, LLC 401(k) Review & Grade
Evervet 401(k) Retirement Plan
West Conshohocken, PAProfessional, Scientific & Technical Services647 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,047Employer $ per active participant
$3,862Employee $ saved per active participant
1.16%Direct admin cost, % of plan assets
$13.2MNet plan assets, end of year
$18,102Average balance per account
Score breakdown
- Employer generosity17.2 / 5034th percentile for employer $ per participant
- Low cost1.2 / 255th percentile for low admin cost vs. same-size plans
- Employee saving2.9 / 1519th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score24 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 34th |
| Lower admin cost | 5th |
| Employee saving | 19th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Evervet Operations put in about $2,047 per active participant, below the typical peer ($3,082). 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 (1.16% 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.
- 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 | $1,324,605 |
| Participant (employee) contributions | $2,498,414 |
| Other contributions (incl. rollovers in) | $1,091,156 |
| Administrative expenses paid from the plan | $121,806 |
| Other admin expenses | $3,600 |
| Benefits paid out | $734,909 |
| Net assets, start / end of year | $7.8M / $13.2M |
| Active participants, start / end of year | 634 / 660 |
| Participants with account balances | 727 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Co | $59,093 reported compensation |
| Valley Forge Investment Consultants | $39,160 reported compensation |
| The Mandmarblestne Group LLC | $6,168 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250905142004NAL0028968544001, received 2025-09-05, EIN 85-1152420, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.