Evolve Bancorp, Inc. 401(k) Plan: Login, Facts & Contact Information

Evolve Bancorp, Inc. 401(k) Plan Facts

Plan name
EVOLVE BANCORP 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
EVOLVE BANCORP, INC.
Participants
508 (433 active employees)
Former employees with a balance
83
Plan assets
$21,461,823 at Dec 31, 2024
Average account balance
$56,478 across 380 accounts
Employer contributions
$529,246 in plan year 2024 (17% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 2005
✓ Employer contributions— Automatic enrollment— Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 14, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $3.17 million went into the plan in contributions, $529,246 of it from the employer (17%).
  • $2.77 million was paid out to participants.
  • Investment and other income added $2.67 million.
  • Administrative expenses were $144,649, about $381 per account.

How the Evolve Bancorp, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019336$8.59 million$268,935$1.31 million
2020338$11.4 million$368,045$654,019
2021380$15.0 million$509,621$1.43 million
2022476$14.8 million$460,966$1.17 million
2023504$18.5 million$503,468$2.01 million
2024508$21.5 million$529,246$2.77 million

Evolve Bancorp, Inc. 401(k) Contact Information

Phone
901-624-5500
Mailing address
6000 POPLAR AVENUE, SUITE 300, MEMPHIS TN 38119
Plan sponsor
EVOLVE BANCORP, INC.
Employer identification number (EIN)
71-0646078
Plan number
002

Questions about the Evolve Bancorp, Inc. 401(k)

Does Evolve Bancorp, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $529,246, 17% of all contributions.

Does the Evolve Bancorp, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Evolve Bancorp, Inc 401(k) plan?

508 participants at the start of plan year 2024, 433 of them active employees, and 83 former employees who still had money in the plan.

What is the average 401(k) balance at Evolve Bancorp, Inc?

About $56,478 per account: $21.5 million in plan assets across 380 accounts with a balance at the end of plan year 2024.

Who manages the Evolve Bancorp, Inc 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Evolve Bancorp, Inc. How do I access my 401(k)?

Your account stays with Principal after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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