Retirement plan

EVERBRIDGE, INC. 401(K) PROFIT SHARING PLAN & TRUST

Name: EVERBRIDGE, INC. - EVERBRIDGE, INC. 401(K) PROFIT SHARING PLAN & TRUST (2024) Form 5500
Creator: EVERBRIDGE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EVERBRIDGE, INC. 401(K) PROFIT SHARING PLAN & TRUST, EVERBRIDGE, INC.

EVERBRIDGE, INC.EIN 26-2919312Plan #001PY 2024

8300 BOONE BLVD, SUITE 800 - VIENNA, VA 21182781-859-4457everbridge.comLinkedIn1001-5000 employeescomputer software

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$92.5M

+18.2% from 2023

Total participants

1,092

-9.4% from 2023

Average account balance

$87,142

+28.0% from 2023

Annual return

17.51%

-4.82 pp from 2023

Benchmarks

See 4,141 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,141 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$92.54M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$87K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

1,062

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

95.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.51M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+17.51%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$170

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

See the 10-year trajectory. $4.99 for your first month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL8 years Service code 37 · EIN 04-2647786	Loan Processing	$99,104
HAYS FINANCIAL GROUP4 years Service code 27 · EIN 41-1931920	Advisory (Plan)	$65,000
TURNER, WARREN, HWANG & CONRAD ACCO3 years Filed as: TURNER, WARREN, HWANG & CONRAD AC Service code 10 · EIN 95-4083485	Accounting	$16,150
WEALTH MANAGEMENT SYSTEMS INC2 years Service code 49 · EIN 22-3734996	Other Services	$0

Plan features & details

Pension benefit codes2F2G2J2K2S2T3D3H2E

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$180K

$265 / participant

Recordkeeping$99K55.0%
Investment mgmt$65K36.1%
Other / not subdivided$16K9.0%

% of EOY assets

0.195%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: TURNER, WARREN, HWANG & CONRAD
Auditor EIN: 954083485
Audit fees: $16,150
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$87,142

$50,815+71.5%

$155,509-44.0%

$77,643+12.2%

Participation rate

95.6%

63.1%+32.5pp

78.2%+17.4pp

70.6%+25.0pp

Annual return

17.51%

34.80%-17.3pp

64.67%-47.2pp

31.24%-13.7pp

Employer contribution / active EE

$3,683

$1,993+84.8%

$4,672-21.2%

$2,726+35.1%

Participant deferral / active EE

$14,715

$2,822+421.4%

$5,626+161.6%

$4,647+216.6%

Admin fee / account holder

$170

$437-61.1%

$15,912-98.9%

$430-60.6%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL8 years

Service code 37 · EIN 04-2647786

Loan Processing

$99,104

HAYS FINANCIAL GROUP4 years

Service code 27 · EIN 41-1931920

Advisory (Plan)

$65,000

TURNER, WARREN, HWANG & CONRAD ACCO3 years

Filed as: TURNER, WARREN, HWANG & CONRAD AC

Service code 10 · EIN 95-4083485

Accounting

$16,150

WEALTH MANAGEMENT SYSTEMS INC2 years

Service code 49 · EIN 22-3734996

Other Services

EVERBRIDGE, INC. 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EVERBRIDGE, INC. 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion