Evolution US, LLC 401(k) Review & Grade
Evolution's Retirement Savings Plan
Atlantic City, NJArts, Entertainment & Recreation2,051 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$299Employer $ per active participant
$1,561Employee $ saved per active participant
6.87%Direct admin cost, % of plan assets
$5.6MNet plan assets, end of year
$2,210Average balance per account
Score breakdown
- Employer generosity9.6 / 5019th percentile for employer $ per participant
- Low cost0.0 / 250th percentile for low admin cost vs. same-size plans
- Employee saving5.1 / 1534th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score25 / 100 · Grade F
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 19th |
| Lower admin cost | 0th |
| Employee saving | 34th |
| Peers that auto-enroll | 38% |
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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
- Evolution US put in about $299 per active participant, below the typical peer ($995). 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 (6.87% 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $612,485 |
| Participant (employee) contributions | $3,201,119 |
| Other contributions (incl. rollovers in) | $111,515 |
| Administrative expenses paid from the plan | $303,408 |
| Investment advisory & management fees | $5,558 |
| Benefits paid out | $1,653,429 |
| Net assets, start / end of year | $3.2M / $5.6M |
| Active participants, start / end of year | 2,006 / 2,096 |
| Participants with account balances | 2,549 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Withum Smith and Brown |
Largest service providers (Schedule C)
| Adp, Inc. | $300,899 reported compensation |
| Axa Advisors, LLC | $5,558 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013153601NAL0003496146001, received 2025-10-13, EIN 42-1776073, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.