Brand new Mac Studio keeps freezing up when I use plugins in Premiere or After Effects

I’ve been working on several video projects and have been trying to employ some video plugins for my videos, but am having rendering issues. I’m running on a brand new Mac Studio, so I can’t imagine it’s a hardware issue. When I upload the plugins and insert them into my timelines, they instantly freeze up and even have issues when I pre-render them. I reached out to Adobe first, to see if I was doing something wrong, but after nearly two hours of trial-and-error, they concluded that envato’s plugins were at fault:

I’m originally a Final Cut Pro user who made the change to Premiere several months ago. I like to think I have a solid grasp on it, but I’m at a total loss. Help!