Retirement plan

RAD SOURCE TECHNOLOGIES, INC. 401K PLAN

Name: RAD SOURCE TECHNOLOGIES, INC. - RAD SOURCE TECHNOLOGIES, INC. 401K PLAN (2024) Form 5500
Creator: RAD SOURCE TECHNOLOGIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RAD SOURCE TECHNOLOGIES, INC. 401K PLAN, RAD SOURCE TECHNOLOGIES, INC.

RAD SOURCE TECHNOLOGIES, INC.EIN 65-0882844Plan #001PY 2024

4907 GOLDEN PARKWAY, SUITE 400 - BUFORD, GA 30518678-765-7900radsource.comLinkedIn51-200 employeesmedical devices

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$8.1M

+33.5% from 2023

Total participants

177

+2.3% from 2023

Average account balance

$63,421

+28.3% from 2023

Annual return

14.64%

-9.91 pp from 2023

Benchmarks

See 4,099 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,099 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.05M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

127

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.

68.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.45M

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

+14.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$100

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
JANNEY MONTGOMERY SCOTT LLC1 year Service code 27 · EIN 23-0731260	Advisory (Plan)	$10,143
STRATEGIC ADVISORS, INC.1 year Service code 27 · EIN 04-2654524	Advisory (Plan)	$7,841
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 60 · EIN 04-2647786	Sub-TA Fees	-$5,239

Plan features & details

Pension benefit codes3H2E2F2G2J2T3D2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

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

$13K

$81 / participant

Investment mgmt$18K142.1%

% of EOY assets

0.157%

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: MERSEREAU LAZENBY & ROCKAS LLC
Auditor EIN: 582115374
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$63,421

$79,223-19.9%

$102,460-38.1%

$74,478-14.8%

Participation rate

68.2%

74.8%-6.6pp

76.5%-8.4pp

67.2%+0.9pp

Annual return

14.64%

54.98%-40.3pp

29.47%-14.8pp

1370.56%-1355.9pp

Employer contribution / active EE

$3,934

$2,363+66.5%

$3,025+30.1%

$2,626+49.8%

Participant deferral / active EE

$5,312

$4,417+20.3%

$5,056+5.1%

$4,350+22.1%

Admin fee / account holder

$100

$2,003-95.0%

$9,460-98.9%

$1,946-94.9%

Provider

Service type

Compensation

JANNEY MONTGOMERY SCOTT LLC1 year

Service code 27 · EIN 23-0731260

Advisory (Plan)

$10,143

STRATEGIC ADVISORS, INC.1 year

Service code 27 · EIN 04-2654524

Advisory (Plan)

$7,841

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 60 · EIN 04-2647786

Sub-TA Fees

-$5,239

RAD SOURCE TECHNOLOGIES, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RAD SOURCE TECHNOLOGIES, INC. 401K 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