Plan Ledger DOL Form 5500 · updated monthly

Sasnak Management Corporation401(k)

THRIVE TOGETHER, LLC 401(K) PROFIT SHARING PLAN · WICHITA, KS · plan year 2024

Reported admin expense ratio · 2024
0.44%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Sasnak Management Corporation reported $61,770 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $399 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.40% to 0.44%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 373rd-largest of 828 plans among Kansas employers on file, and 6,496th of 11,654 in professional & technical services. In 2024, employees put in $2.91 for every $1.00 the employer contributed; active participation has grown from 987 to 1,122 since 2022.

Plan summary
Net assets, end of year$15,327,247
Participants with balances417
Active participants1,122
Employer contributions$447,950
Employee contributions$1,304,215
Employer contribution per active participant$399
Average account balance$36,756
Benefits paid to participants$688,541
Plan auditUnmodified (clean) audit opinion
AuditorPLANCHECK CPAS LLC
Plan history3
Yearassets · accounts · employer contribution
2024$15.3M · 417 accts · $448K emplr
2023$12.5M · 374 accts · $409K emplr
2022$9.3M · 346 accts · $276K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$61,770
Total administrative$61,770
The Sasnak Management Corporation 401(k) match · 2024
Employer contribution per active participant$399
Median for plans this size$2,416
2024$399 per active participant
2023$497 per active participant
2022$280 per active participant

Sasnak Management Corporation's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
ADP, INC. · Loan processing · Recordkeeping$61,812
ADP BROKER-DEALER · Other servicesindirect comp
MESIROW FINANCIAL INVESTMENT MANAGE · Loan processingindirect comp
MORGAN STANLEY SMITH BARNEY LLC · Other servicesindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADP
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$61,770 · 0.44%
2023$50,421 · 0.46%
2022$41,555 · 0.40%
Same employer
Similar plansProfessional & Technical Services · Kansas
Cartesian, Inc. KS$17.2M · 0.22%
Argus Consulting, Inc. KS$16.9M · 0.25%
Protect LLC KS$15.7M · 0.34%
Pivot Intermediary, Inc. KS$15.2M · 0.02%
Xenotech, L.L.C. KS$13.8M · 0.22%
Glmv Architecture, Inc. KS$13.4M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 480851041 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.