2023 Form 5500 filing — Evolve Bancorp 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241015165304NAL0029172977001) for Evolve Bancorp 401(K) Plan, reported by Evolve Bancorp Inc under EIN 71-0646078 and plan number 002. It reports 504 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015165304NAL0029172977001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Evolve Bancorp Inc
- EIN
- 71-0646078
- Plan number
- 002
- Location
- Memphis, TN
- Participants
- 504
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $18,548,598
- Net assets (EOY)
- $18,548,598
- Employer contributions
- $503,468
- Participant contributions
- $1,935,216
- Total income / additions
- $5,902,445
- Benefits paid
- $2,014,531
- Administrative expenses
- $145,673
- Total expenses
- $2,160,204
- Net increase / (decrease)
- $3,742,241
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $66,713 | $0 |
| Duncan Williams Asset Management | INVESTMENT ADVISORY | $64,867 | $15 |
| Burleigh Consulting Group | OTHER SERVICES | $14,085 | $7,825 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 |