Retirement plan

THRIVEDX 401(K) PROFIT SHARING PLAN AND TRUST

Name: HACKERUSA, INC. D/B/A THRIVEDX - THRIVEDX 401(K) PROFIT SHARING PLAN AND TRUST (2024) Form 5500
Creator: HACKERUSA, INC. D/B/A THRIVEDX
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THRIVEDX 401(K) PROFIT SHARING PLAN AND TRUST, HACKERUSA, INC. D/B/A THRIVEDX

HACKERUSA, INC. D/B/A THRIVEDXEIN 30-0997446Plan #001PY 2024

10440 LITTLE PATUXENT PARKWAY, SUITE 1100 - COLUMBIA, MD 21044954-849-4221

Prospect flagsHigh retiree %Low participationLow assets / participantLow participant contributionLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.5M

+26.3% from 2023

Total participants

621

-30.3% from 2023

Average account balance

$14,174

+22.1% from 2023

Annual return

13.82%

-1.23 pp from 2023

Benchmarks

See 3,296 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,296 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$5.53M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$14K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

390

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

31.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.45M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.82%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$120

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 4 by compensation

Provider	Service type	Compensation
WORLD INVESTMENT ADVISORS LLC1 year Filed as: WORLD INVESTMENT ADVISORS, LLC Service code 27 24 E. COTA STREET, SUITE 200 · SANTA BARBARA, CA 93101	Advisory (Plan)	$23,769
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INS. CO. OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$16,653
PENSION SERVICES, INC.2 years Service code 13 3150 SW 38 AVENUE · MIAMI, FL 33146	Contract Administrator	$7,200
JP MORGAN INVESTMENT MANAGEMENT INC2 years Filed as: COTA STREET INVESTMENT MANAGEMENT Service code 28 24 E. COTA STREET, SUITE 200 · SANTA BARBARA, CA 93101	Investment Management	$3,252

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$47K

$138 / participant

Recordkeeping$47K100.0%

% of EOY assets

0.846%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: VERDEJA & ALVAREZ, LLP
Auditor EIN: 204989621
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,174

$106,264-86.7%

$147,117-90.4%

$77,762-81.8%

Participation rate

31.7%

78.4%-46.8pp

82.2%-50.5pp

70.6%-38.9pp

Annual return

13.82%

56.94%-43.1pp

420.54%-406.7pp

31.27%-17.5pp

Employer contribution / active EE

$1,547

$4,074-62.0%

$4,932-68.6%

$2,728-43.3%

Participant deferral / active EE

$2,748

$8,003-65.7%

$8,065-65.9%

$4,651-40.9%

Admin fee / account holder

$120

$334-64.1%

$12,993-99.1%

$433-72.3%

Provider

Service type

Compensation

WORLD INVESTMENT ADVISORS LLC1 year

Filed as: WORLD INVESTMENT ADVISORS, LLC

Service code 27

24 E. COTA STREET, SUITE 200 · SANTA BARBARA, CA 93101

Advisory (Plan)

$23,769

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INS. CO. OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$16,653

PENSION SERVICES, INC.2 years

Service code 13

3150 SW 38 AVENUE · MIAMI, FL 33146

Contract Administrator

$7,200

JP MORGAN INVESTMENT MANAGEMENT INC2 years

Filed as: COTA STREET INVESTMENT MANAGEMENT

Service code 28

24 E. COTA STREET, SUITE 200 · SANTA BARBARA, CA 93101

Investment Management

$3,252

THRIVEDX 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THRIVEDX 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion