Plan Ledger DOL Form 5500 · updated monthly

Evolvehr V, Inc.401(k)

EVOLVEHR RETIREMENT PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Evolvehr V, Inc. reported $148,957 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $1,804 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 1 year on file its reported administrative ratio rose from 0.12% to 0.45%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 1,082nd-largest of 3,702 plans among Illinois employers on file, and the 362nd of 2,534 in administrative & support services. In 2024, employees put in $2.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$40,636,461
Participants with balances531
Active participants659
Employer contributions$1,189,162
Employee contributions$2,384,786
Employer contribution per active participant$1,804
Average account balance$76,528
Benefits paid to participants$1,083,921
Plan auditUnmodified (clean) audit opinion
AuditorJASON F. CLAUSEN, P.C.
Plan history2
Yearassets · accounts · employer contribution
2024$40.6M · 531 accts · $1.2M emplr
2023$25.5M · 170 accts · $182K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$76,686
Investment management$54,646
Audit (IQPA)$10,000
Trustee / custodial$7,625
Total administrative$148,957
The Evolvehr V, Inc. 401(k) match · 2024
Employer contribution per active participant$1,804
Median for plans this size$2,416
2024$1,804 per active participant
2023$1,252 per active participant

Evolvehr V, Inc.'s 2024 employer contribution ran below 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 · 20246
AMERITAS LIFE INSURANCE CORP · Claims processing · Contract administrator$66,533
EVOLVEHR V, INC. · Claims processing · Recordkeeping$10,153
BKS FINANCIAL INVESTMENTS LLC · Investment advisory (participants) · Investment advisory (plan)$49,411
JASON F. CLAUSEN, P.C. · Accounting / audit$10,000
CHARLES SCHWAB BANK · Custodial (securities) · Trustee (directed)$7,625
LPL FINANCIAL · Investment advisory (participants) · Investment advisory (plan)$5,235

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

Recordkeeper by year2
2024Ameritas, EVOLVEHR V, INC.
2023Ameritas

This plan has changed recordkeepers within these filings. If you left Evolvehr V, Inc. 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 history2
2024$148,957 · 0.45%
2023$30,680 · 0.12%
Similar plansAdministrative & Support Services · Illinois
Entact, LLC IL$52.9M · 0.29%
Medhq, LLC IL$45.4M · 0.87%
Set Environmental, Inc. IL$44.0M · 0.46%
Thoma Bravo, L.P. IL$40.7M · 0.20%
Lessen LLC IL$40.1M · 0.62%
Staff Management, Inc. IL$32.8M · 0.64%
Dhr International, Inc. IL$30.9M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 454287502 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.