Plan Ledger DOL Form 5500 · updated monthly

TIAA, Fsb to Be Known As Everbank, N.A.401(k)

EVERBANK, N.A. 401(K) PLAN · JACKSONVILLE, FL · plan year 2024

Reported admin expense ratio · 2024
0.79%

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

TIAA, Fsb to Be Known As Everbank, N.A. reported $235,605 in plan administrative expenses for 2024: 0.79% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,218 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 0.19% to 0.79%. 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 608th-largest of 3,644 plans among Florida employers on file, and the 1,871st of 4,798 in finance & insurance. In 2024, employees put in $2.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$42,867,084
Participants with balances1,613
Active participants1,576
Employer contributions$5,071,073
Employee contributions$13,148,091
Employer contribution per active participant$3,218
Average account balance$26,576
Benefits paid to participants$2,277,884
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$42.9M · 1,613 accts · $5.1M emplr
2023$16.7M · 1,478 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$99,595
Investment management$135,810
Total administrative$235,605
The TIAA, Fsb to Be Known As Everbank, N.A. 401(k) match · 2024
Employer contribution per active participant$3,218
Median for plans this size$2,416
2024$3,218 per active participant
2023$1,155 per active participant

TIAA, Fsb to Be Known As Everbank, N.A.'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 · 20246
MERCER INVESTMENTS, LLC · Consulting · Insurance services$110,462
EMPOWER ADVISORY GROUP, LLC · Investment management$25,348
EMPOWER FINANCIAL SERVICES, INC. · Securities brokerage$200

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

Administrative cost history2
2024$235,605 · 0.79%
2023$31,225 · 0.19%
Same employer
Similar plansFinance & Insurance · Florida
Florida Credit Union FL$43.5M · 0.09%
Duval Holdings, Inc. FL$43.2M · 0.14%
Crews Bank & Trust FL$41.9M · 0.26%
Campus USA Credit Union FL$41.9M · 0.25%
Pen Air Credit Union FL$37.4M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593531592 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.