Plan Ledger DOL Form 5500 · updated monthly

Thrive Partners, LLC401(k)

THRIVE PEO 401(K) PLAN · TULSA, OK · plan year 2024

Reported admin expense ratio · 2024
0.74%

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

Thrive Partners, LLC reported $272,788 in plan administrative expenses for 2024: 0.74% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,707 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 fell from 1.02% to 0.74%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 107th-largest of 724 plans among Oklahoma employers on file, and the 282nd of 2,534 in administrative & support services. In 2024, employees put in $2.06 for every $1.00 the employer contributed; active participation has grown from 428 to 675 since 2022.

Plan summary
Net assets, end of year$54,998,091
Participants with balances803
Active participants675
Employer contributions$1,827,174
Employee contributions$3,756,887
Employer contribution per active participant$2,707
Average account balance$68,491
Benefits paid to participants$4,799,509
Plan auditUnmodified (clean) audit opinion
AuditorJASON F. CLAUSEN, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$55.0M · 803 accts · $1.8M emplr
2023$18.8M · 795 accts · $578K emplr
2022$14.7M · 260 accts · $425K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$272,788
Total administrative$272,788
The Thrive Partners, LLC 401(k) match · 2024
Employer contribution per active participant$2,707
Median for plans this size$2,416
2024$2,707 per active participant
2023$974 per active participant
2022$993 per active participant

Thrive Partners, LLC's 2024 employer contribution ran above 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 · 20245
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$130,778
NOVA 401(K) ASSOCIATES LP · Recordkeeping · Loan processing$34,785
KESTRA ADVISORY SERVICES LLC · Investment advisory (plan)$60,768
RELATION WEALTH MANAGEMENT INC · Investment advisory (plan)$48,103
GRANT MILLMAN & JOHNSON PC · Accounting / audit$20,125

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

Recordkeeper by year2
2024NOVA 401(K) ASSOCIATES LP, Transamerica
2023NOVA 401(K) ASSOCIATES LP, Transamerica

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

Administrative cost history3
2024$272,788 · 0.74%
2023$155,595 · 0.93%
2022$109,849 · 1.02%
Same employer
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Ahtna, Incorporated AK$56.8M · 0.31%
Lg Chem America GA$56.1M · 0.41%
Data-Mail, Inc. CT$56.1M · 0.10%
Ati Payroll Services, LLC CA$55.6M · 0.25%
Hope Network MI$54.6M · 0.37%
Curana Health LLC TX$54.2M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 844818583 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.