Retirement plan

US RADIOLOGY PHYSICIAN PRACTICE 401(K) RETIREMENT PLAN

Name: US RADIOLOGY SPECIALISTS, INC. - US RADIOLOGY PHYSICIAN PRACTICE 401(K) RETIREMENT PLAN (2021) Form 5500
Creator: US RADIOLOGY SPECIALISTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, US RADIOLOGY PHYSICIAN PRACTICE 401(K) RETIREMENT PLAN, US RADIOLOGY SPECIALISTS, INC.

US RADIOLOGY SPECIALISTS, INC.EIN 82-3626023Plan #001PY 2021

305 CHURCH AT NORTH HILLS STREET,, SUITE 1250 - RALEIGH, NC 27609704-334-7800

Other plans on this EIN

1 filing

#002Retirement-$46.0M assets

Prospect flagsHigh feesHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$390.2M

-21.2% from 2019

Total participants

1,427

-16.6% from 2019

Average account balance

$321,178

-8.0% from 2019

Annual return

64.78%

-29.38 pp from 2019

Benchmarks

See 1,316 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,316 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$571.01M

Not enough data

1 years with asset history on file

Average account balance

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

$129K

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.

4,428

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.

76.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$44.64M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+30.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$287

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

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Service providers

Top 10 of 23 by compensation

Provider	Service type	Compensation
LOCKTON INVESTMENT ADVISORS, LLC2 years Service code 27 P.O. BOX 219153 · KANSAS CITY, MO 641219153	Advisory (Plan)	$222,021
UBS FINANCIAL SERVICES INC4+ years Filed as: UBS FINANCIAL SERVICES Service code 26 · EIN 13-2638166	Advisory (Participants)	$116,991
MERRILL LYNCH PIERCE FENNER & SMITH4+ years Filed as: MERRILL LYNCH Service code 26 · EIN 13-5674085	Advisory (Participants)	$94,331
BRAGG FINANCIAL ADVISORS4+ years Service code 26 1031 SOUTH CALDWELL ST, #200 · CHARLOTTE, NC 28203	Advisory (Participants)	$50,863
SUNTRUST BANKS, INC.4+ years Filed as: SUNTRUST ADVISORY SERVICES, INC. Service code 26 4777 SHARON ROAD, 2ND FLOOR · CHARLOTTE, NC 28210	Advisory (Participants)	$41,484
AMERICAN UNITED LIFE INSURANCE CO2 years Filed as: ONEAMERICA RETIREMENT SERVICES LLC Service code 15 · EIN 46-5378846	Recordkeeping	$39,158
MORGAN STANLEY SMITH BARNEY4+ years Filed as: MORGAN STANLEY WEALTH MANAGEMENT Service code 26 · EIN 26-4310632	Advisory (Participants)	$27,500
THE WADSWORTH GROUP4+ years Service code 26 122-A ST. ALBANS LANE · DAVIDSON, NC 28036	Advisory (Participants)	$25,042
CBIZ RETIREMENT PLAN SERVICES2 years Service code 17 1845 WALNUT STREET, 14TH FLOOR · PHILADELPHIA, PA 19103	Pension Consulting	$16,748
BKD, LLP3 years Filed as: DIXON HUGHES WEALTH ADVISOR Service code 26 · EIN 56-2072681	Advisory (Participants)	$16,010

Plan features & details

Pension benefit codes2A2E2F2G2J2R2T3D3H

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.
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

3 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).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$769K

$638 / participant

Investment mgmt$483K62.8%
Contract admin$39K5.1%
Other / not subdivided$247K32.1%

% of EOY assets

0.197%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$321,178

$67,512+375.7%

$185,854+72.8%

$93,010+245.3%

Participation rate

82.4%

67.1%+15.3pp

81.7%+0.7pp

73.9%+8.5pp

Annual return

64.78%

21.04%+43.7pp

122.12%-57.3pp

158.70%-93.9pp

Employer contribution / active EE

$10,870

$1,783+509.6%

$5,169+110.3%

$2,705+301.8%

Participant deferral / active EE

$6,186

$3,035+103.8%

$5,569+11.1%

$4,561+35.6%

Admin fee / account holder

$633

$318+99.2%

$16,246-96.1%

$152+317.2%

Provider

Service type

Compensation

LOCKTON INVESTMENT ADVISORS, LLC2 years

Service code 27

P.O. BOX 219153 · KANSAS CITY, MO 641219153

Advisory (Plan)

$222,021

UBS FINANCIAL SERVICES INC4+ years

Filed as: UBS FINANCIAL SERVICES

Service code 26 · EIN 13-2638166

Advisory (Participants)

$116,991

MERRILL LYNCH PIERCE FENNER & SMITH4+ years

Filed as: MERRILL LYNCH

Service code 26 · EIN 13-5674085

Advisory (Participants)

$94,331

BRAGG FINANCIAL ADVISORS4+ years

Service code 26

1031 SOUTH CALDWELL ST, #200 · CHARLOTTE, NC 28203

Advisory (Participants)

$50,863

SUNTRUST BANKS, INC.4+ years

Filed as: SUNTRUST ADVISORY SERVICES, INC.

Service code 26

4777 SHARON ROAD, 2ND FLOOR · CHARLOTTE, NC 28210

Advisory (Participants)

$41,484

AMERICAN UNITED LIFE INSURANCE CO2 years

Filed as: ONEAMERICA RETIREMENT SERVICES LLC

Service code 15 · EIN 46-5378846

Recordkeeping

$39,158

MORGAN STANLEY SMITH BARNEY4+ years

Filed as: MORGAN STANLEY WEALTH MANAGEMENT

Service code 26 · EIN 26-4310632

Advisory (Participants)

$27,500

THE WADSWORTH GROUP4+ years

Service code 26

122-A ST. ALBANS LANE · DAVIDSON, NC 28036

Advisory (Participants)

$25,042

CBIZ RETIREMENT PLAN SERVICES2 years

Service code 17

1845 WALNUT STREET, 14TH FLOOR · PHILADELPHIA, PA 19103

Pension Consulting

$16,748

BKD, LLP3 years

Filed as: DIXON HUGHES WEALTH ADVISOR

Service code 26 · EIN 56-2072681

Advisory (Participants)

$16,010

US RADIOLOGY PHYSICIAN PRACTICE 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

US RADIOLOGY PHYSICIAN PRACTICE 401(K) RETIREMENT 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