Everon 401(k) Review & Grade
Everon 401(k) Plan
Boca Raton, FLAdministrative, Support & Staffing Services4,568 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,336Employer $ per active participant
$1,470Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$398.0MNet plan assets, end of year
$92,226Average balance per account
Score breakdown
- Employer generosity43.1 / 5086th percentile for employer $ per participant
- Low cost24.5 / 2598th percentile for low admin cost vs. same-size plans
- Employee saving7.9 / 1552th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score79 / 100 · Grade A
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 2,500–9,999 active participants (125 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 86th |
| Lower admin cost | 98th |
| Employee saving | 52th |
| Peers that auto-enroll | 22% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Everon put in about $2,336 per active participant, more than the typical peer ($342). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $10,670,696 |
| Participant (employee) contributions | $6,715,629 |
| Other contributions (incl. rollovers in) | $569,311 |
| Administrative expenses paid from the plan | $32,588 |
| Other admin expenses | $19,750 |
| Benefits paid out | $12,166,887 |
| Net assets, start / end of year | $0 / $398.0M |
| Active participants, start / end of year | 3,831 / 5,306 |
| Participants with account balances | 4,316 |
| Auto-enrollment (feature code 2S) | Not reported |
Largest service providers (Schedule C)
| Capfinancial Partners LLC | $19,750 reported compensation |
| Fidelity Investments Institutional | $12,838 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013141453NAL0001402273001, received 2025-10-13, EIN 90-0008456, plan #001, plan year 2024-10-01 to 2024-12-31. Verify at efast.dol.gov.