Plan Ledger DOL Form 5500 · updated monthly

Thrive Operations, LLC401(k)

THRIVE OPERATIONS, LLC 401(K) PLAN · FOXBORO, MA · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Thrive Operations, LLC reported $225,886 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $1,454 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 0.28% to 0.45%. 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 661st-largest of 2,726 plans among Massachusetts employers on file, and the 2,575th of 11,654 in professional & technical services. In 2024, employees put in $4.13 for every $1.00 the employer contributed; active participation has grown from 692 to 849 since 2022.

Plan summary
Net assets, end of year$55,004,246
Participants with balances751
Active participants849
Employer contributions$1,234,240
Employee contributions$5,094,171
Employer contribution per active participant$1,454
Average account balance$73,241
Benefits paid to participants$3,706,150
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$55.0M · 751 accts · $1.2M emplr
2023$44.7M · 705 accts · $1.1M emplr
2022$35.1M · 611 accts · $805K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$108,665
Investment management$117,221
Total administrative$225,886
The Thrive Operations, LLC 401(k) match · 2024
Employer contribution per active participant$1,454
Median for plans this size$2,416
2024$1,454 per active participant
2023$1,348 per active participant
2022$1,163 per active participant

Thrive Operations, LLC's 2024 employer contribution ran below the $2,416 median for plans its size. 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 · 20243
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$87,624
UBS FINANCIAL SERVICES · Investment advisory (plan)$117,221
COMPASS 360 · Accounting / audit · Investment advisory (plan)$21,041

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

Recordkeeper by year2
2024The Standard
2023The Standard

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

Administrative cost history3
2024$225,886 · 0.45%
2023$186,003 · 0.47%
2022$78,665 · 0.28%
Same employer
Similar plansProfessional & Technical Services · Massachusetts
Dept US Holdings LLC MA$55.9M · 0.20%
Globoforce, Inc. MA$55.8M · 0.06%
Stoneturn Group, LLP MA$53.8M · 0.09%
Revenue Solutions, Inc. MA$53.6M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 814498230 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.