Plan Ledger DOL Form 5500 · updated monthly

Thrive Business Development401(k)

THRIVE BUSINESS DEVELOPMENT 401(K) PLAN · FRESNO, CA · plan year 2024

Reported admin expense ratio · 2024
2.75%

Thrive Business Development reported $5,751 in plan administrative expenses for 2024: 2.75% of average plan assets, higher than ~75% of peers. 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 fell from 4.79% to 2.75%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is among the smaller plans on file in California (9,232nd of 9,483), and 1,290th of 1,311 in arts, entertainment & recreation. active participation has grown from 140 to 259 since 2022.

Plan summary
Net assets, end of year$240,617
Participants with balances137
Active participants259
Employer contributions—
Employee contributions$104,859
Employer contribution per active participant—
Average account balance$1,756
Benefits paid to participants$65,989
Plan auditQualified audit opinion
AuditorBDG-CPAS - BEN SUIDA
Plan history3
Yearassets · accounts · employer contribution
2024$241K · 137 accts
2023$178K · 144 accts
2022$91K · 148 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,751
Total administrative$5,751
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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$5,751
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$5,751 · 2.75%
2023$5,518 · 4.10%
2022$2,865 · 4.79%
Similar plansArts, Entertainment & Recreation · California
Sffit Ventures, LLC CA$395K · 1.68%
Rooftop Cinema Club Inc CA$321K · 6.78%
Pocket Pilates, LLC CA$182K · 0.21%
The Bicycle Casino, L.P. CA$114K · 1.36%
Sgm, Inc. CA$72K · 0.80%

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Source: U.S. Department of Labor, Form 5500 series, EIN 830633811 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.