Retirement plan

RADIOLOGY PARTNERS, INC. 401(K) PROFIT SHARING PLAN

Name: RADIOLOGY PARTNERS INC - RADIOLOGY PARTNERS, INC. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: RADIOLOGY PARTNERS INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RADIOLOGY PARTNERS, INC. 401(K) PROFIT SHARING PLAN, RADIOLOGY PARTNERS INC

RADIOLOGY PARTNERS INCEIN 46-1413340Plan #001PY 2022

2101 EL SEGUNDO BLVD SUITE 401 E - EL SEGUNDO, CA 90245424-290-8283rpgulfcoast.comLinkedIn51-200 employeesmedical practice

Other plans on this EIN

2 filings

#003Retirement-$676.9M assets #002Retirement-$78.9M assets

Prospect flagsLow returnsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$311.7M

-35.5% from 2016

Total participants

6,601

-23.8% from 2016

Average account balance

$51,947

-16.5% from 2016

Annual return

-73.09%

+117.10 pp from 2016

Benchmarks

See 229 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants5,000-9,999

Cohort229 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$412.45M

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.

6,800

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.

92.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$40.14M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+14.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$63

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 10 of 17 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.4 years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833	Recordkeeping	$315,662
LOCKTON INVESTMENT ADVISORS, LLC3 years Filed as: LOCKTON INVESMTENT ADVISORS Service code 28 · EIN 20-8874282	Investment Management	$58,130
BUCKINGHAM STRATEGIC PARTNERS4 years Filed as: BUCKINGHAM STRATEGIC WEALTH LL Service code 26 · EIN 20-8306720	Advisory (Participants)	$50,846
NIGHT OWL CAPITAL4 years Service code 26 · EIN 20-3008023	Advisory (Participants)	$28,806
FIRST NATIONAL CORPORATION5 years Service code 26 · EIN 04-2541452	Advisory (Participants)	$19,167
SC FINANCIAL SERVICES INC5 years Service code 26 · EIN 41-2091820	Advisory (Participants)	$12,776
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTEMENT SERVICE Service code 26 · EIN 36-3297908	Advisory (Participants)	$11,210
FRANKLIN STREET ADVISORS2 years Filed as: FRANKLIN STREET ADVISORS INC Service code 26 · EIN 56-1749652	Advisory (Participants)	$10,135
DEPENDABLE ALTERNATIVE1 year Service code 26 · EIN 83-3413387	Advisory (Participants)	$8,234
CAPFINANCIAL PARTNERS LLC4 years Service code 26 · EIN 26-0058143	Advisory (Participants)	$7,173

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$588K

$116 / participant

Investment mgmt$272K46.3%
Other / not subdivided$315K53.7%

% of EOY assets

0.188%

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: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,947

$52,346-0.8%

$143,801-63.9%

$78,104-33.5%

Participation rate

88.1%

72.7%+15.4pp

80.3%+7.8pp

74.5%+13.6pp

Annual return

-73.09%

-14.19%-58.9pp

-0.04%-73.1pp

10.90%-84.0pp

Employer contribution / active EE

$2,854

$2,131+33.9%

$4,952-42.4%

$3,128-8.7%

Participant deferral / active EE

$4,068

$3,800+7.0%

$5,639-27.9%

$5,089-20.1%

Admin fee / account holder

$98

$63+54.3%

$14,680-99.3%

$79+24.0%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.4 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES INC

Service code 15 · EIN 34-1479833

Recordkeeping

$315,662

LOCKTON INVESTMENT ADVISORS, LLC3 years

Filed as: LOCKTON INVESMTENT ADVISORS

Service code 28 · EIN 20-8874282

Investment Management

$58,130

BUCKINGHAM STRATEGIC PARTNERS4 years

Filed as: BUCKINGHAM STRATEGIC WEALTH LL

Service code 26 · EIN 20-8306720

Advisory (Participants)

$50,846

NIGHT OWL CAPITAL4 years

Service code 26 · EIN 20-3008023

Advisory (Participants)

$28,806

FIRST NATIONAL CORPORATION5 years

Service code 26 · EIN 04-2541452

Advisory (Participants)

$19,167

SC FINANCIAL SERVICES INC5 years

Service code 26 · EIN 41-2091820

Advisory (Participants)

$12,776

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTEMENT SERVICE

Service code 26 · EIN 36-3297908

Advisory (Participants)

$11,210

FRANKLIN STREET ADVISORS2 years

Filed as: FRANKLIN STREET ADVISORS INC

Service code 26 · EIN 56-1749652

Advisory (Participants)

$10,135

DEPENDABLE ALTERNATIVE1 year

Service code 26 · EIN 83-3413387

Advisory (Participants)

$8,234

CAPFINANCIAL PARTNERS LLC4 years

Service code 26 · EIN 26-0058143

Advisory (Participants)

$7,173

RADIOLOGY PARTNERS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RADIOLOGY PARTNERS, INC. 401(K) PROFIT SHARING 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