Retirement plan

RADIANS, INC. 401(K) PLAN

Name: RADIANS, INC. - RADIANS, INC. 401(K) PLAN (2020) Form 5500
Creator: RADIANS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RADIANS, INC. 401(K) PLAN, RADIANS, INC.

RADIANS, INC.EIN 62-1747516Plan #001PY 2020

5305 DISTRIPLEX FARMS DRIVE - MEMPHIS, TN 38141901-266-2523radians.comLinkedIn201-500 employeeswholesale

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$15.4M

+27.1% from 2019

Total participants

369

-10.7% from 2019

Average account balance

$46,523

+50.2% from 2019

Annual return

20.60%

-4.64 pp from 2019

Benchmarks

See 253 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants250-999

Cohort253 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.97M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

459

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.

90.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.32M

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

+15.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$186

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 3 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE5 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$54,660
REGIONS BANK5 years Service code 99 P O BOX 11007 · BIRMINGHAM, AL 35288	Other Fees	$39,937
ACUFF & ASSOCIATES, INC.5 years Service code 13 320 SEVEN SPRINGS WAY, SUITE 115 · BRENTWOOD, TN 37027	Contract Administrator	$6,760

Plan features & details

Pension benefit codes2F2G2J2K2S2T3D2E3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$102K

$355 / participant

Investment mgmt$93K91.7%
Other / not subdivided$8K8.3%

% of EOY assets

0.664%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: JACKSON, HOWELL & ASSOCIATES, PLLC
Auditor EIN: 203538074
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,523

$82,093-43.3%

$379,746-87.7%

$73,412-36.6%

Participation rate

86.4%

76.8%+9.6pp

78.4%+8.0pp

72.2%+14.2pp

Annual return

20.60%

18.89%+1.7pp

34.90%-14.3pp

59.30%-38.7pp

Employer contribution / active EE

$1,751

$2,847-38.5%

$3,540-50.5%

$2,234-21.6%

Participant deferral / active EE

$3,961

$4,697-15.7%

$6,024-34.2%

$3,806+4.1%

Admin fee / account holder

$309

$128+142.0%

$7,927-96.1%

$158+95.7%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE5 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$54,660

REGIONS BANK5 years

Service code 99

P O BOX 11007 · BIRMINGHAM, AL 35288

Other Fees

$39,937

ACUFF & ASSOCIATES, INC.5 years

Service code 13

320 SEVEN SPRINGS WAY, SUITE 115 · BRENTWOOD, TN 37027

Contract Administrator

$6,760

RADIANS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RADIANS, INC. 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