Plan Ledger DOL Form 5500 · updated monthly

Evans Bank, N.A.401(k)

EVANS BANK, N.A. EMPLOYEES SAVINGS PLAN · WILLIAMSVILLE, NY · plan year 2024

Reported admin expense ratio · 2024
0.25%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Evans Bank, N.A. reported $95,194 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $4,004 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.22% to 0.25%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,656th-largest of 5,648 plans among New York employers on file, and the 2,028th of 4,798 in finance & insurance. In 2024, employees put in $1.77 for every $1.00 the employer contributed; active participation has shrunk from 372 to 266 since 2022.

Plan summary
Net assets, end of year$38,296,556
Participants with balances400
Active participants266
Employer contributions$1,065,006
Employee contributions$1,887,834
Employer contribution per active participant$4,004
Average account balance$95,741
Benefits paid to participants$7,349,369
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$0 · $262K emplr
2024$38.3M · 400 accts · $1.1M emplr
2023$38.1M · 465 accts · $1.4M emplr
2022$31.7M · 477 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$53,168
Investment management$42,026
Total administrative$95,194
The Evans Bank, N.A. 401(k) match · 2024
Employer contribution per active participant$4,004
Median for plans this size$2,416
2024$4,004 per active participant
2023$4,723 per active participant
2022$3,819 per active participant

Evans Bank, N.A.'s 2024 employer contribution ran above the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
SCHWAB RETIREMENT PLAN SERVICES INC · Recordkeeping · Investment advisory (participants)$55,618
CBIZ INVESTMENT ADVISORY SERVI · Investment management$39,576

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year3
2025Charles Schwab
2024Charles Schwab
2023Charles Schwab

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history4
2025Not separately reported
2024$95,194 · 0.25%
2023$83,830 · 0.24%
2022$76,721 · 0.22%
Same employer
Similar plansFinance & Insurance · New York
Tiger Global Management LLC NY$38.7M · 0.31%
Nippon Life Group NY$38.6M · 0.18%
Bregal Investments Inc. NY$38.1M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 160426523 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.