401(k) · DOL Form 5500 · 2024

Evolve Bancorp, Inc. 401(k) Plan

Data updated 2026-08-25

$21M
Total assets Small plan by assets: 430
Participants Below avg headcount: 72nd
Percentile by assets National rank: $49,911
Avg per participant Low balance/head

PlainRetire home → About this data RSS: change history

Official DOL plan name: Evolve Bancorp 401(k) Plan · Sponsored by Evolve Bancorp, Inc. · Tennessee · Finance & Insurance

$21M in assets, 430 participants

Evolve Bancorp, Inc.'s Evolve Bancorp 401(k) Plan reported $21M in total assets and 430 participants in its 2024 DOL Form 5500 filing, ranking in the 72nd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

#4,873 in Finance & Insurance (8,549 peers)

Coverage in Tennessee

Evolve Bancorp 401(k) Plan covers 430 participants in Tennessee, about 38% of the average Tennessee filer (state average ~1,126 per filing). Assets: $21M.

#4,873
in Finance & Insurance (8,549 peers): +15.7%
assets growth YoY

Evolve Bancorp 401(k) Plan's outsized position by total assets

Evolve Bancorp 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$21,461,823 Top 28% higher than 72% of 123,620 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Evolve Bancorp 401(k) Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Evolve Bancorp 401(k) Plan sits mid-pack in the medium band (430 participants).

Micro (1-10) 33,766 filings (27%) Small (11-100) 26,107 filings (21%) Medium (101-1,000) 54,251 filings (43%) Large (1,001-10,000) 10,349 filings (8%) Mega (10,000+) 1,399 filings (1%)

Evolve Bancorp 401(k) Plan reported net income fell from $4M in the plan year 2023 filing to $3M in the plan year 2024 filing.
Evolve Bancorp 401(k) Plan end-of-year assets rose from $19M in the plan year 2023 filing to $21M in the plan year 2024 filing.
Evolve Bancorp 401(k) Plan reported participants fell from 443 in the plan year 2023 filing to 430 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 710646078 · Evolve Bancorp, Inc. PY 2024 · 401(k)

Evolve Bancorp 401(k) Plan · $21M · 430 · 72nd

TYPE $21M
TYPE 430
TYPE 72nd
TYPE 401(k)
TYPE near Central Coast Home Health Retirement Plan
TYPE ind #4873

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Tennessee →

End-of-year total assets ($M) among Evolve Bancorp 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Tennessee filing particulars

Total Assets (Beginning of Year)	$19M
Net Assets (End of Year)	$21M
Net Income	$3M
Employer EIN	710646078
Plan Effective Date	2005-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Evolve Bancorp, Inc.)

Latest sponsor-wide plan assets: $21M 44.95005760025913% vs 2022; 2024 filing year

Year	Plans	Participants	Total Assets
2022	1	417	$15M
2023	1	443	$19M
2024	1	430	$21M

Nearby 401(k) Plans in Tennessee

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Evolve Bancorp 401(k) Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants

Fedex Corporation Retirement Savings Plan $25.4B · 113,079
Hca 401(k) Plan $23.8B · 307,086
Federal Express Corporation Pilots Retirement Savings Plan $5.3B · 5,830
International Paper Company Salaried Savings Plan $5.0B · 12,564
Chs/Community Health Systems, Inc. Retirement Savings Plan $4.8B · 59,441

Compare Evolve Bancorp 401(k) Plan side-by-side with 3 peers →

Evolve Bancorp 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Tennessee, the nearest 401(k) by assets is Central Coast Home Health Retirement Plan in CA ($21M); by covered participants it is Vericity Holdings, Inc. 401(k) Plan in IL (430 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($21M here).

Central Coast Home Health Retirement Plan (CA) $21M · 374
Vandeveer Garzia Retirement Plan (MI) $21M · 78
Williams Companies Retirement Savings Plan (PA) $21M · 934
Anthony Wade, Inc. Dba Stephen Wade Auto Center 401(k) Plan (UT) $21M · 571

Similar participant headcount

Nearest other-state filings by covered participants (430 participants); asset peers above are excluded.

Vericity Holdings, Inc. 401(k) Plan (IL) 430 · 0 off
Betterment 401(k) Savings Plan (NY) 430 · 0 off
Medely 401(k) Plan (CA) 430 · 0 off
Psi America 401(k) Plan (PA) 430 · 0 off

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Evolve Bancorp 401(k) Plan assets move in 2024? ▼

Evolve Bancorp 401(k) Plan grew sharply - up 15.7% during 2024, from $19M to $21M. Reported net income was $3M.

How have Evolve Bancorp, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Evolve Bancorp, Inc.'s sponsor-wide assets grew 45.0%, from $15M to $21M.

Which 401(k) plans are similar in size to Evolve Bancorp 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Central Coast Home Health Retirement Plan in CA ($21M, 374 participants).

Which 401(k) plans cover a similar participant headcount to Evolve Bancorp 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by covered participants is Vericity Holdings, Inc. 401(k) Plan in IL (430 participants, $45M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 710646078.