Plan Ledger DOL Form 5500 · updated monthly

Evolent Health LLC401(k)

EVOLENT HEALTH 401(K) PLAN · ARLINGTON, VA · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Evolent Health LLC reported $585,269 in plan administrative expenses for 2024: 0.22% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,266 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 0.27% to 0.22%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other finance & insurance employers. By assets it is the 117th-largest of 2,266 plans among Virginia employers on file, and the 459th of 4,798 in finance & insurance. In 2024, employees put in $2.39 for every $1.00 the employer contributed; active participation has grown from 2,615 to 3,226 since 2022.

Plan summary
Net assets, end of year$289,219,187
Participants with balances4,661
Active participants3,226
Employer contributions$10,535,047
Employee contributions$25,196,452
Employer contribution per active participant$3,266
Average account balance$62,051
Benefits paid to participants$29,190,341
Plan auditUnmodified (clean) audit opinion
AuditorAPRIO LLP
Plan history3
Yearassets · accounts · employer contribution
2024$289.2M · 4,661 accts · $10.5M emplr
2023$243.3M · 4,900 accts · $10.1M emplr
2022$175.2M · 3,899 accts · $13.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$405,139
Investment management$150,121
Audit (IQPA)$30,009
Total administrative$585,269
The Evolent Health LLC 401(k) match · 2024
Employer contribution per active participant$3,266
Median for plans this size$4,294
2024$3,266 per active participant
2023$2,953 per active participant
2022$5,330 per active participant

Evolent Health LLC's 2024 employer contribution ran below the $4,294 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 · 20244
THE VANGUARD GROUP, INC. · Consulting · Trustee (directed)$426,288
KESTRA ADVISORY SERVICES, LLC · Consulting$120,000
VANGUARD ADVISERS INC. · Investment advisory (participants)$30,121
APRIO LLP$30,009

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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Administrative cost history3
2024$585,269 · 0.22%
2023$627,189 · 0.30%
2022$483,032 · 0.27%
Same employer
Similar plansFinance & Insurance · Virginia
Davenport & Company LLC VA$416.4M · 0.00%
Townebank VA$391.6M · 0.10%
James a. Scott & Son, Inc. VA$228.4M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 453084136 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.