Theranest, Llc 401(k) Plan: Login, Facts & Contact Information

Theranest, Llc 401(k) Plan Facts

Plan name
THERAPY BRANDS 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
THERANEST, LLC
Participants
596 (423 active employees)
Former employees with a balance
184
Plan assets
$11,927,041 at Dec 31, 2022
Average account balance
$20,284 across 588 accounts
Employer contributions
$1,318,013 in plan year 2022 (33% of all contributions)
Recordkeeper
Empower Annuity Ins Co Of America
Plan year
Jan 1, 2022 – Dec 31, 2022
Plan established
Nov 1, 2016
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments✓ Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2022 (Jan 1, 2022 – Dec 31, 2022), filed Jul 26, 2023. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2022

  • $4.01 million went into the plan in contributions, $1.32 million of it from the employer (33%).
  • $1.65 million was paid out to participants.
  • Administrative expenses were $117,338, about $200 per account.

How the Theranest, Llc 401(k) changed, 2017–2022

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
201713$104,052—$564
201829$2.04 million——
2019254$4.96 million$599,082$2.84 million
2020389$9.18 million$1.03 million$538,523
2021513$11.8 million$884,443$2.03 million
2022596$11.9 million$1.32 million$1.65 million

Theranest, Llc 401(k) Contact Information

Phone
205-540-0014
Mailing address
2 NORTH 20TH STREET, STE 500, BIRMINGHAM AL 35203
Plan sponsor
THERANEST, LLC
Plan administrator
PENTEGRA SERVICES, INC.
Employer identification number (EIN)
46-3580910
Plan number
001

Questions about the Theranest, Llc 401(k)

Does Theranest, Llc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2022 the employer contributed $1.32 million, 33% of all contributions.

Does the Theranest, Llc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Theranest, Llc 401(k) plan?

596 participants at the start of plan year 2022, 423 of them active employees, and 184 former employees who still had money in the plan.

What is the average 401(k) balance at Theranest, Llc?

About $20,284 per account: $11.9 million in plan assets across 588 accounts with a balance at the end of plan year 2022.

Who manages the Theranest, Llc 401(k) accounts?

Empower (listed on the filing as EMPOWER ANNUITY INS CO OF AMERICA) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Theranest, Llc. How do I access my 401(k)?

Your account stays with Empower after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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