Retirement plan

STATRAD, LLC 401(K) PLAN

Name: STATRAD, LLC - STATRAD, LLC 401(K) PLAN (2022) Form 5500
Creator: STATRAD, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STATRAD, LLC 401(K) PLAN, STATRAD, LLC

STATRAD, LLCEIN 26-3267821Plan #001PY 2022

13280 EVENING CREEK DRIVE SOUTH, SUITE 110 - SAN DIEGO, CA 92128858-546-3800statrad.comLinkedIn51-200 employeeshospital & health care

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$2.6M

-7.2% from 2021

Total participants

142

+16.4% from 2021

Average account balance

$30,896

-15.1% from 2021

Annual return

-16.80%

-31.90 pp from 2021

Benchmarks

See 5,349 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,349 peers

Snapshot2022

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$5.77M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$61K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

80.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$724K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+17.70%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$1082

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 5 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850	Recordkeeping	$6,025
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LYNCH PIERCE FENNER Service code 27 1400 AMERICA BLVD BLDG #4 · PENNINGTON, NJ 08534	Advisory (Plan)	$5,840
ASCENSUS LLC1 year Filed as: ASCENSUS HOLDINGS DBA FUTUREPLAN Service code 13 101 W BROADWAY STE 1420 · SAN DIEGO, CA 92101	Contract Administrator	$1,056
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$332
MERRILL LYNCH PIERCE FENNER & SMITH3 years Filed as: MERRILL LYNCH PIERCE FENNER SMITH I Service code 22 · EIN 13-5674085	Insurance Broker	$0

Plan features & details

Pension benefit codes2E2F2G2J3D2T3B

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$16K

$145 / participant

Contract admin$16K95.4%
Other / not subdivided$7504.6%

% of EOY assets

0.635%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LEE CPA AUDIT GROUP
Auditor EIN: 814637885
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,896

$65,092-52.5%

$143,799-78.5%

$66,938-53.8%

Participation rate

47.3%

65.2%-17.9pp

80.3%-33.0pp

69.8%-22.5pp

Annual return

-16.80%

-11.14%-5.7pp

-0.04%-16.8pp

1.58%-18.4pp

Employer contribution / active EE

$1,208

$2,362-48.8%

$4,952-75.6%

$2,545-52.5%

Participant deferral / active EE

$2,789

$2,920-4.5%

$5,638-50.5%

$4,238-34.2%

Admin fee / account holder

$196

$502-61.0%

$14,677-98.7%

$594-67.0%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 15 · EIN 04-1590850

Recordkeeping

$6,025

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LYNCH PIERCE FENNER

Service code 27

1400 AMERICA BLVD BLDG #4 · PENNINGTON, NJ 08534

Advisory (Plan)

$5,840

ASCENSUS LLC1 year

Filed as: ASCENSUS HOLDINGS DBA FUTUREPLAN

Service code 13

101 W BROADWAY STE 1420 · SAN DIEGO, CA 92101

Contract Administrator

$1,056

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$332

MERRILL LYNCH PIERCE FENNER & SMITH3 years

Filed as: MERRILL LYNCH PIERCE FENNER SMITH I

Service code 22 · EIN 13-5674085

Insurance Broker

STATRAD, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STATRAD, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion