Evi Industries, Inc. 401(k) Review & Grade
Evi Industries, Inc. 401(k) Plan
Miami, FLWholesale Trade722 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,157Employer $ per active participant
$3,573Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$37.5MNet plan assets, end of year
$91,634Average balance per account
Score breakdown
- Employer generosity15.0 / 5030th percentile for employer $ per participant
- Low cost10.6 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving4.8 / 1532th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score20 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 30th |
| Lower admin cost | 42th |
| Employee saving | 32th |
| Peers that auto-enroll | 53% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($402,243 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $99,243 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Evi Industries put in about $1,157 per active participant, below the typical peer ($1,792). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $835,001 |
| Participant (employee) contributions | $2,577,798 |
| Other contributions (incl. rollovers in) | $44,212 |
| Administrative expenses paid from the plan | $101,789 |
| Contract administrator fees | $39,101 |
| Investment advisory & management fees | $16,000 |
| Benefits paid out | $4,136,848 |
| Net assets, start / end of year | $33.7M / $37.5M |
| Active participants, start / end of year | 727 / 716 |
| Participants with account balances | 409 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Lerrosarbey, PLLC |
Largest service providers (Schedule C)
| Ingham & Company | $77,278 reported compensation |
| National Financial Services | $16,000 reported compensation |
| Fidelity Trust | $8,853 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015092918NAL0002169795001, received 2025-10-15, EIN 11-2014231, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.