Retirement plan

RADIUS GLOBAL SOLUTIONS 401(K) PLAN

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

RADIUS HOLDINGS LLCEIN 32-0403214Plan #001PY 2022

50 WEST SKIPPACK PIKE - AMBLER, PA 19002267-419-1111radiushauling.comLinkedIn1-10 employees

Prospect flagsHigh feesLow participationLow employer contributionLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$15.6M

-13.5% from 2021

Total participants

602

-18.1% from 2021

Average account balance

$43,689

-10.8% from 2021

Annual return

-16.38%

-31.78 pp from 2021

Benchmarks

See 1,529 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,529 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.69M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

388

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.

40.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.71M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+18.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$424

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS2 years Filed as: TRANSAMERICA RETIREMENT SOLUTIONS, Service code 15 · EIN 13-3689044 160 GOULD ST, UNIT 202 · NEEDHAM HEIGHTS, MA 02494	Recordkeeping	$117,594
RADIUS HOLDINGS LLC2 years Service code 35 · EIN 32-0403214 50 WEST SKIPPACK PIKE · AMBLER, PA 19002	Employee (plan sponsor)	$19,100
EMPLOYEE BENEFIT SYSTEMS, INC.7 years Filed as: EMPLOYEE BENEFIT SYSTEMS, INC Service code 15 · EIN 13-4266176 PO BOX 609 · KRESGEVILLE, PA 183330609	Recordkeeping	$8,511
MORGAN STANLEY SMITH BARNEY1 year Service code 22 · EIN 51-0116113 388 GREENWICH STREET, 17TH FLOOR · NEW YORK, NY 10013	Insurance Broker	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$144K

$300 / participant

Contract admin$118K81.8%
Other / not subdivided$26K18.2%

% of EOY assets

0.924%

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: MARCUM, LLP
Auditor EIN: 111986323
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,689

$86,897-49.7%

$151,639-71.2%

$64,819-32.6%

Participation rate

48.6%

87.3%-38.6pp

87.5%-38.8pp

71.5%-22.8pp

Annual return

-16.38%

-3.57%-12.8pp

3.34%-19.7pp

32.84%-49.2pp

Employer contribution / active EE

$361

$4,010-91.0%

$6,165-94.1%

$2,507-85.6%

Participant deferral / active EE

$2,774

$6,690-58.5%

$8,363-66.8%

$4,311-35.6%

Admin fee / account holder

$404

$153+163.9%

$11,613-96.5%

$188+114.9%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2 years

Filed as: TRANSAMERICA RETIREMENT SOLUTIONS,

Service code 15 · EIN 13-3689044

160 GOULD ST, UNIT 202 · NEEDHAM HEIGHTS, MA 02494

Recordkeeping

$117,594

RADIUS HOLDINGS LLC2 years

Service code 35 · EIN 32-0403214

50 WEST SKIPPACK PIKE · AMBLER, PA 19002

Employee (plan sponsor)

$19,100

EMPLOYEE BENEFIT SYSTEMS, INC.7 years

Filed as: EMPLOYEE BENEFIT SYSTEMS, INC

Service code 15 · EIN 13-4266176

PO BOX 609 · KRESGEVILLE, PA 183330609

Recordkeeping

$8,511

MORGAN STANLEY SMITH BARNEY1 year

Service code 22 · EIN 51-0116113

388 GREENWICH STREET, 17TH FLOOR · NEW YORK, NY 10013

Insurance Broker

RADIUS GLOBAL SOLUTIONS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RADIUS GLOBAL SOLUTIONS 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