Plan Snapshot
- Plan Sponsor: Therapy Brands Thrive, LLC
- Sponsor EIN: 883340006
- Sponsor Address: 2 NORTH 20TH STREET, BIRMINGHAM, AL, 35203
- Plan Type: 401(k)
- Total Participants: 499
- Total Assets: $31.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 499 | $31.6M | $1.8M | $3.8M |
| 2023 | 460 | $26.9M | $1.6M | $3.3M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $77,833 | — | $77,833 |
| COMMONWEALTH FINANCIAL NETWORK | Investment Advisor | $34,582 | — | $34,582 |
| THE ASCENT GROUP LLC | Investment Advisor | $18,943 | — | $18,943 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $5,550 | — | $5,550 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
- COMMONWEALTH FINANCIAL NETWORK — Investment Advisor
- STRATEGIC ADVISORS, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $136,908
- Estimated Expense Ratio: 0.433% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $136,909 | $59,076 | — | — | — |
| 2023 | $101,675 | $29,444 | — | — | — |