Sasnak Management Corporation 401(k) Review & Grade
Thrive Together, LLC 401(k) Profit Sharing Plan
Wichita, KSProfessional, Scientific & Technical Services1,074 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$417Employer $ per active participant
$1,214Employee $ saved per active participant
0.44%Direct admin cost, % of plan assets
$15.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity6.0 / 5012th percentile for employer $ per participant
- Low cost6.7 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving0.9 / 156th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score17 / 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 | 12th |
| Lower admin cost | 27th |
| Employee saving | 6th |
| 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
- Sasnak Management put in about $417 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 (0.44% 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 | $447,950 |
| Participant (employee) contributions | $1,304,215 |
| Other contributions (incl. rollovers in) | $171,803 |
| Administrative expenses paid from the plan | $61,770 |
| Benefits paid out | $688,541 |
| Net assets, start / end of year | $12.5M / $15.3M |
| Active participants, start / end of year | 1,026 / 1,122 |
| Participants with account balances | 417 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plancheck Cpas LLC |
Largest service providers (Schedule C)
| Adp, Inc. | $61,812 reported compensation |
| Mesirow Financial Investment Manage | $0 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250818051103NAL0001944562001, received 2025-08-18, EIN 48-0851041, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.