Plan Snapshot
- Plan Sponsor: Thrive Partners, LLC
- Sponsor EIN: 844818583
- Sponsor Address: 2642 E 21ST STREET, TULSA, OK, 741141345
- Plan Type: 401(k)
- Total Participants: 675
- Total Assets: $55.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 675 | $55.0M | $1.8M | $3.8M |
| 2023 | 594 | $18.8M | $578,307 | $1.3M |
| 2022 | 428 | $14.7M | $424,881 | $976,287 |
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 |
|---|---|---|---|---|
| TRANSAMERICA LIFE INSURANCE COMPANY | Recordkeeper | $130,778 | — | $130,778 |
| KESTRA ADVISORY SERVICES LLC | Investment Advisor | $60,768 | — | $60,768 |
| RELATION WEALTH MANAGEMENT INC | Investment Advisor | $48,103 | — | $48,103 |
| NOVA 401(K) ASSOCIATES LP | Recordkeeper | $34,785 | $1,037 | $35,822 |
| GRANT MILLMAN & JOHNSON PC | Auditor | $20,125 | — | $20,125 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA LIFE INSURANCE COMPANY — Recordkeeper
- KESTRA ADVISORY SERVICES LLC — Investment Advisor
- GRANT MILLMAN & JOHNSON PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $295,596
- Estimated Expense Ratio: 0.537% 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 | $272,788 | — | — | — | — |
| 2023 | $155,595 | — | — | — | — |
| 2022 | $109,849 | — | $109,849 | — | — |