Plan5500

Evolve Bancorp 401(K) Plan — Form 5500 plan (Evolve Bancorp Inc)

Plain-English plan 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, Evolve Bancorp 401(K) Plan is a benefit plan reported by Evolve Bancorp Inc under EIN 71-0646078 and plan number 002. The latest loaded filing year is 2023. The filing reports 504 participants and $18,548,598 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Evolve Bancorp Inc
EIN
71-0646078
Plan number
002
Plan type
2
Location
Memphis, TN
Latest filing year
2023
Participants
504
End-of-year plan assets
$18,548,598

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023504H, C20241015165304NAL0029172977001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$18,548,598
Net assets (EOY)
$18,548,598
Net assets (BOY)
$14,806,357

Income & contributions

Employer contributions
$503,468
Participant contributions
$1,935,216
Total contributions
$3,065,760
Total income / additions
$5,902,445

Expenses & distributions

Benefits paid
$2,014,531
Administrative expenses
$145,673
Total expenses
$2,160,204
Net increase / (decrease)
$3,742,241

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$66,713$02023
Duncan Williams Asset ManagementINVESTMENT ADVISORY$64,867$152023
Burleigh Consulting GroupOTHER SERVICES$14,085$7,8252023
Wilshire Advisors LLCINVESTMENT ADVISORY$0$02023

Related Form 5500 pages