Plan Ledger DOL Form 5500 · updated monthly

Everly Health, Inc.401(k)

EVERLY WELL 401(K) PLAN · AUSTIN, TX · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Everly Health, Inc. reported $21,157 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $3,496 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 3 years on file its reported administrative ratio has held roughly steady near 0.132%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 2,163rd-largest of 5,688 plans among Texas employers on file, and the 3,964th of 11,911 in health care & social assistance. In 2024, employees put in $3.13 for every $1.00 the employer contributed; active participation has shrunk from 462 to 253 since 2022.

Plan summary
Net assets, end of year$18,066,601
Participants with balances401
Active participants253
Employer contributions$884,398
Employee contributions$2,768,463
Employer contribution per active participant$3,496
Average account balance$45,054
Benefits paid to participants$2,462,153
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$18.1M · 401 accts · $884K emplr
2023$13.9M · 473 accts · $1.1M emplr
2022$10.5M · 791 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,157
Total administrative$21,157
The Everly Health, Inc. 401(k) match · 2024
Employer contribution per active participant$3,496
Median for plans this size$2,416
2024$3,496 per active participant
2023$3,416 per active participant
2022$2,896 per active participant

Everly Health, Inc.'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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$21,157

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

Administrative cost history3
2024$21,157 · 0.13%
2023$18,758 · 0.15%
2022$9,672 · 0.13%
Same employer
Similar plansHealth Care & Social Assistance · Texas
Texas Medical Center TX$18.9M · 0.04%
People's Community Clinic TX$18.1M · 0.42%
Oncology Consultants, P.A. TX$18.0M · 0.34%
Pmc Hospital, LLC TX$17.9M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 862670281 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.