Retirement plan

RADIOLOGY ASSOCIATES OF BIRMINGHAM, P.C. 401(K) PROFIT SHARING PLAN

Name: RADIOLOGY ASSOCIATES OF BIRMINGHAM, P.C. - RADIOLOGY ASSOCIATES OF BIRMINGHAM, P.C. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: RADIOLOGY ASSOCIATES OF BIRMINGHAM, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RADIOLOGY ASSOCIATES OF BIRMINGHAM, P.C. 401(K) PROFIT SHARING PLAN, RADIOLOGY ASSOCIATES OF BIRMINGHAM, P.C.

RADIOLOGY ASSOCIATES OF BIRMINGHAM, P.C.EIN 63-0574300Plan #001PY 2024

2204 LAKESHORE DRIVE, SUITE 140 - BIRMINGHAM, AL 352096741205-824-8000radbham.comLinkedIn11-50 employeesmedical practice

Other plans on this EIN

1 filing

#005Retirement-$1.8M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$31.9M

-1.6% from 2023

Total participants

+36.7% from 2023

Average account balance

$840,442

-24.9% from 2023

Annual return

23.53%

+12.19 pp from 2023

Benchmarks

See 21,710 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,710 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$31.94M

Not enough data

1 years with asset history on file

Average account balance

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

$840K

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.

90.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$54K

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

+23.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$263406

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$10.0M

$303316 / participant

Other / not subdivided$10M100.0%

% of EOY assets

31.341%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$840,442

$81,331+933.4%

$155,534+440.4%

$80,935+938.4%

Participation rate

90.9%

66.3%+24.7pp

78.2%+12.7pp

67.7%+23.2pp

Annual return

23.53%

33.37%-9.8pp

64.92%-41.4pp

35.66%-12.1pp

Employer contribution / active EE

$33,207

$3,105+969.6%

$4,675+610.3%

$2,757+1104.6%

Participant deferral / active EE

$21,292

$3,454+516.4%

$5,630+278.2%

$4,299+395.2%

Admin fee / account holder

$263,406

$7,999+3192.9%

$15,900+1556.7%

$6,924+3704.0%

RADIOLOGY ASSOCIATES OF BIRMINGHAM, P.C. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RADIOLOGY ASSOCIATES OF BIRMINGHAM, P.C. 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