Retirement plan

THRIVE BEHAVIORAL HEALTH, LLC 401(K) PLAN

Name: THRIVE BEHAVIORAL HEALTH, LLC - THRIVE BEHAVIORAL HEALTH, LLC 401(K) PLAN (2024) Form 5500
Creator: THRIVE BEHAVIORAL HEALTH, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THRIVE BEHAVIORAL HEALTH, LLC 401(K) PLAN, THRIVE BEHAVIORAL HEALTH, LLC

THRIVE BEHAVIORAL HEALTH, LLCEIN 45-5559101Plan #001PY 2024

9627 PHILADELPHIA ROAD, SUITE 160 - ROSEDALE, MD 21237410-780-4320thrivebh.comLinkedIn201-500 employeesmental health care

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$9.9M

+27.8% from 2023

Total participants

395

+15.8% from 2023

Average account balance

$59,321

+22.4% from 2023

Annual return

14.16%

-6.64 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.91M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

167

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.

36.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.35M

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

+14.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$628

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
WELLS FARGO BANK, N.A.7 years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 48-1305000	Advisory (Plan)	$40,282
POLLARD & ASSOCIATES, INC.5 years Service code 13 · EIN 52-0909772	Contract Administrator	$36,923
CAPTIAL BANK AND TRUST7 years Service code 64 · EIN 95-6817943	Recordkeeping Fees	$16,679
GWLM, LLP6 years Service code 99 · EIN 52-2334868	Other Fees	$13,075

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

Plan features

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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$105K

$294 / participant

Recordkeeping$17K15.9%
Investment mgmt$39K37.1%
Contract admin$36K34.5%
Other / not subdivided$13K12.5%

% of EOY assets

1.058%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GRANDIZIO, WILKINS, LITTLE AND MATT
Auditor EIN: 522334868
Audit fees: $13,075
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,321

$50,919+16.5%

$155,556-61.9%

$77,762-23.7%

Participation rate

36.1%

63.1%-27.0pp

78.2%-42.1pp

70.6%-34.5pp

Annual return

14.16%

34.84%-20.7pp

64.84%-50.7pp

31.27%-17.1pp

Employer contribution / active EE

$1,373

$1,991-31.1%

$4,675-70.6%

$2,728-49.7%

Participant deferral / active EE

$2,408

$2,824-14.7%

$5,631-57.2%

$4,651-48.2%

Admin fee / account holder

$628

$437+43.7%

$15,885-96.0%

$433+45.0%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.7 years

Filed as: WELLS FARGO ADVISORS

Service code 27 · EIN 48-1305000

Advisory (Plan)

$40,282

POLLARD & ASSOCIATES, INC.5 years

Service code 13 · EIN 52-0909772

Contract Administrator

$36,923

CAPTIAL BANK AND TRUST7 years

Service code 64 · EIN 95-6817943

Recordkeeping Fees

$16,679

GWLM, LLP6 years

Service code 99 · EIN 52-2334868

Other Fees

$13,075

THRIVE BEHAVIORAL HEALTH, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THRIVE BEHAVIORAL HEALTH, LLC 401(K) PLAN

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