Plan Ledger DOL Form 5500 · updated monthly

Evolution US, LLC401(k)

EVOLUTION'S RETIREMENT SAVINGS PLAN · ATLANTIC CITY, NJ · plan year 2024

Reported admin expense ratio · 2024
6.87%

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

Evolution US, LLC reported $303,408 in plan administrative expenses for 2024: 6.87% of average plan assets, higher than ~90% of peers. Employer contributions averaged $292 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 9.05% to 6.87%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is among the smaller plans on file in New Jersey (1,831st of 2,419), and 892nd of 1,311 in arts, entertainment & recreation. In 2024, employees put in $5.23 for every $1.00 the employer contributed; active participation has grown from 1,320 to 2,096 since 2022.

Plan summary
Net assets, end of year$5,634,075
Participants with balances2,549
Active participants2,096
Employer contributions$612,485
Employee contributions$3,201,119
Employer contribution per active participant$292
Average account balance$2,210
Benefits paid to participants$1,653,429
Plan auditUnmodified (clean) audit opinion
AuditorWITHUM SMITH AND BROWN
Plan history3
Yearassets · accounts · employer contribution
2024$5.6M · 2,549 accts · $612K emplr
2023$3.2M · 2,190 accts · $46K emplr
2022$1.7M · 1,961 accts · $24K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$297,850
Investment management$5,558
Total administrative$303,408
The Evolution US, LLC 401(k) match · 2024
Employer contribution per active participant$292
Median for plans this size$1,313
2024$292 per active participant
2023$25 per active participant
2022$18 per active participant

Evolution US, LLC's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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 · 20243
ADP, INC. · Loan processing · Recordkeeping$300,899
AXA ADVISORS, LLC · Recordkeeping · Trustee$5,558
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, AXA ADVISORS, LLC
2023ADP

This plan has changed recordkeepers within these filings. If you left Evolution US, LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$303,408 · 6.87%
2023$25,580 · 1.05%
2022$99,864 · 9.05%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 421776073 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.