Evo Transportation and Energy Services 401(k) Review & Grade
Evo 401(k) Plan
Phoenix, AZTransportation & Warehousing1,638 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$331Employer $ per active participant
$530Employee $ saved per active participant
1.94%Direct admin cost, % of plan assets
$7.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity8.2 / 5016th percentile for employer $ per participant
- Low cost0.3 / 251th percentile for low admin cost vs. same-size plans
- Employee saving0.8 / 155th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-5 pts1 issue reported on the filing
Total score4 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 16th |
| Lower admin cost | 1th |
| Employee saving | 5th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
What to do if you're in this plan
- Evo Transportation and Energy Services put in about $331 per active participant, below the typical peer ($1,070). 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 (1.94% 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 | $542,864 |
| Participant (employee) contributions | $868,750 |
| Other contributions (incl. rollovers in) | $213,041 |
| Administrative expenses paid from the plan | $150,112 |
| Contract administrator fees | $32,383 |
| Investment advisory & management fees | $35,700 |
| Benefits paid out | $2,277,162 |
| Net assets, start / end of year | $7.7M / $7.8M |
| Active participants, start / end of year | 1,757 / 1,519 |
| Participants with account balances | 592 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bas Partners, LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $75,279 reported compensation |
| Usi Advisors Inc | $35,700 reported compensation |
| Premier Retirement Partners | $32,383 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006115034NAL0003358849001, received 2025-10-06, EIN 83-3508235, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.