Everi Payments Inc. 401(k) Review & Grade
Everi Holdings Inc. 401(k) Plan
Las Vegas, NVArts, Entertainment & Recreation1,808 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,515Employer $ per active participant
$8,688Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$172.9MNet plan assets, end of year
$79,166Average balance per account
Score breakdown
- Employer generosity46.4 / 5093th percentile for employer $ per participant
- Low cost14.8 / 2559th percentile for low admin cost vs. same-size plans
- Employee saving14.4 / 1596th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score86 / 100 · Grade A
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 93th |
| Lower admin cost | 59th |
| Employee saving | 96th |
| Peers that auto-enroll | 38% |
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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
- Everi Payments put in about $3,515 per active participant, more than the typical peer ($995). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $6,355,997 |
| Participant (employee) contributions | $15,712,376 |
| Other contributions (incl. rollovers in) | $4,029,046 |
| Administrative expenses paid from the plan | $270,101 |
| Investment advisory & management fees | $38,000 |
| Other admin expenses | $41,233 |
| Benefits paid out | $14,108,896 |
| Net assets, start / end of year | $141.7M / $172.9M |
| Active participants, start / end of year | 1,793 / 1,824 |
| Participants with account balances | 2,184 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Holdsworth, Russo & Company, P.C |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $190,868 reported compensation |
| Sageview Advisory Group LLC | $38,000 reported compensation |
| Empower Financial Services,inc | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250725161125NAL0017656242001, received 2025-07-25, EIN 94-3309549, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.