Plan Ledger DOL Form 5500 · updated monthly

Thistle Health Inc.401(k)

THISTLE HEALTH INC. 401(K) PLAN · SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
1.98%

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

Thistle Health Inc. reported $34,033 in plan administrative expenses for 2024: 1.98% of average plan assets, higher than ~90% of peers. Employer contributions averaged $33 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 1.79% to 1.98%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in California (8,316th of 9,483), and 4,675th of 5,215 in retail trade. In 2024, employees put in $26.65 for every $1.00 the employer contributed; active participation has grown from 608 to 676 since 2022.

Plan summary
Net assets, end of year$1,978,861
Participants with balances196
Active participants676
Employer contributions$22,384
Employee contributions$596,544
Employer contribution per active participant$33
Average account balance$10,096
Benefits paid to participants$263,261
Plan auditUnmodified (clean) audit opinion
AuditorREDWITZ, INC
Plan history3
Yearassets · accounts · employer contribution
2024$2.0M · 196 accts · $22K emplr
2023$1.5M · 146 accts
2022$1.0M · 144 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,033
Total administrative$34,033
The Thistle Health Inc. 401(k) match · 2024
Employer contribution per active participant$33
Median for plans this size$1,313

Thistle Health Inc.'s 2024 employer contribution ran below the $1,313 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 · 20241
VESTWELL · Contract administrator · Investment advisory (plan)$34,033

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

Administrative cost history3
2024$34,033 · 1.98%
2023$24,928 · 2.00%
2022$16,634 · 1.79%
Same employer
Similar plansRetail Trade · California
Sliding Door Company CA$2.1M · 1.11%
Urth Caffe Corporation CA$2.0M · 0.02%
The Woodlands Store, Inc. CA$1.9M · 0.05%
Oso Home Care, Inc. CA$1.9M · 0.01%
Maximum Wholesale Inc CA$1.9M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 471212552 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.