Finthrive 401(k) Review & Grade
Finthrive 401(k) Plan
Plano, TXProfessional, Scientific & Technical Services1,353 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,115Employer $ per active participant
$8,683Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$183.5MNet plan assets, end of year
$93,159Average balance per account
Score breakdown
- Employer generosity17.5 / 5035th percentile for employer $ per participant
- Low cost17.9 / 2572th percentile for low admin cost vs. same-size plans
- Employee saving7.0 / 1547th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 35th |
| Lower admin cost | 72th |
| Employee saving | 47th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,946 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Finthrive put in about $2,115 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $2,861,801 |
| Participant (employee) contributions | $11,747,969 |
| Other contributions (incl. rollovers in) | $2,995,322 |
| Administrative expenses paid from the plan | $192,877 |
| Other admin expenses | $49,738 |
| Benefits paid out | $23,571,226 |
| Net assets, start / end of year | $166.9M / $183.5M |
| Active participants, start / end of year | 1,218 / 1,488 |
| Participants with account balances | 1,970 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $123,845 reported compensation |
| Greenspring Advisors | $49,632 reported compensation |
| Hancock Askew & Co, LLP | $19,400 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001115605NAL0013184913001, received 2025-10-01, EIN 47-4470095, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.