Thrive Operations, LLC 401(k) Review & Grade
Thrive Operations, LLC 401(k) Plan
Foxboro, MAProfessional, Scientific & Technical Services827 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,492Employer $ per active participant
$6,160Employee $ saved per active participant
0.45%Direct admin cost, % of plan assets
$55.0MNet plan assets, end of year
$73,241Average balance per account
Score breakdown
- Employer generosity13.3 / 5027th percentile for employer $ per participant
- Low cost6.6 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving4.6 / 1531th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score28 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 27th |
| Lower admin cost | 26th |
| Employee saving | 31th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Thrive Operations put in about $1,492 per active participant, below the typical peer ($3,082). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.45% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,234,240 |
| Participant (employee) contributions | $5,094,171 |
| Other contributions (incl. rollovers in) | $887,442 |
| Administrative expenses paid from the plan | $225,886 |
| Contract administrator fees | $21,041 |
| Investment advisory & management fees | $117,221 |
| Benefits paid out | $3,706,150 |
| Net assets, start / end of year | $44.7M / $55.0M |
| Active participants, start / end of year | 805 / 849 |
| Participants with account balances | 751 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Aafcpas, Inc. |
Largest service providers (Schedule C)
| Ubs Financial Services | $117,221 reported compensation |
| Stancorp Financial Group | $87,624 reported compensation |
| Compass 360 | $45,749 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930083653NAL0011443041001, received 2025-09-30, EIN 81-4498230, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.