Retirement plan

THRIVEWAY, LLC 401(K) PLAN

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

THRIVEWAY, LLCEIN 82-2223571Plan #001PY 2024

361 COMMERCIAL PARK DRIVE SUITE A - FAIRHOPE, AL 36532844-705-1981

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$130K

+98.8% from 2023

Total participants

+28.6% from 2023

Average account balance

$18,569

+13.6% from 2023

Annual return

4.61%

+0.50 pp from 2023

Benchmarks

See 8,071 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort8,071 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$130K

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

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.

77.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$62K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+4.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,569

$72,396-74.4%

$67,511-72.5%

$145,959-87.3%

Participation rate

77.8%

76.9%+0.9pp

72.9%+4.9pp

80.3%-2.5pp

Annual return

4.61%

7194.07%-7189.5pp

3517.41%-3512.8pp

561.95%-557.3pp

Employer contribution / active EE

$3,164

$3,071+3.0%

$2,733+15.8%

$4,661-32.1%

Participant deferral / active EE

$3,681

$4,781-23.0%

$4,000-8.0%

$6,689-45.0%

Admin fee / account holder

$5,538-100.0%

$3,999-100.0%

$13,398-100.0%

THRIVEWAY, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

THRIVEWAY, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion