Plan Ledger DOL Form 5500 · updated monthly

Everquote, Inc.401(k)

EVERQUOTE 401(K) PLAN · CAMBRIDGE, MA · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Everquote, Inc. reported $5,218 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $9,739 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 fell from 0.05% to 0.02%. 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 971st-largest of 2,726 plans among Massachusetts employers on file, and the 2,338th of 4,798 in finance & insurance. In 2024, employees put in $1.17 for every $1.00 the employer contributed; active participation has shrunk from 582 to 247 since 2022.

Plan summary
Net assets, end of year$31,606,915
Participants with balances439
Active participants247
Employer contributions$2,405,601
Employee contributions$2,813,530
Employer contribution per active participant$9,739
Average account balance$71,998
Benefits paid to participants$3,358,058
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$31.6M · 439 accts · $2.4M emplr
2023$25.4M · 389 accts · $692K emplr
2022$21.0M · 486 accts · $796K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,218
Total administrative$5,218
The Everquote, Inc. 401(k) match · 2024
Employer contribution per active participant$9,739
Median for plans this size$2,416
2024$9,739 per active participant
2023$2,298 per active participant
2022$1,367 per active participant

Everquote, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$7,204

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$5,218 · 0.02%
2023$13,095 · 0.06%
2022$11,350 · 0.05%
Same employer
Similar plansFinance & Insurance · Massachusetts
Scs Capital Management MA$33.7M · 0.00%
Cornerstone Bank MA$33.4M · 0.21%
Bluestone Bank MA$32.4M · 0.34%
Liberty Bay Credit Union MA$31.3M · 0.10%
Ugsoa Board of Trustees MA$29.5M · 1.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263101161 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.