Radiology Imaging Associates 401(k) Review & Grade
Radiology Imaging Associates, LLC 401(k) Profit Sharing Plan
Daytona Beach, FLHealth Care & Social Assistance501 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$8,232Employer $ per active participant
$5,174Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$112.4MNet plan assets, end of year
$207,090Average balance per account
Score breakdown
- Employer generosity48.3 / 5097th percentile for employer $ per participant
- Low cost19.7 / 2579th percentile for low admin cost vs. same-size plans
- Employee saving12.1 / 1581th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score87 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 79th |
| Employee saving | 81th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $325 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Radiology Imaging Associates put in about $8,232 per active participant, more than the typical peer ($976). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $4,124,328 |
| Participant (employee) contributions | $2,592,284 |
| Other contributions (incl. rollovers in) | $993,925 |
| Administrative expenses paid from the plan | $84,287 |
| Investment advisory & management fees | $8,453 |
| Other admin expenses | $1,266 |
| Benefits paid out | $7,096,338 |
| Net assets, start / end of year | $97.0M / $112.4M |
| Active participants, start / end of year | 443 / 559 |
| Participants with account balances | 543 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Purvis Gray & Company, LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $72,568 reported compensation |
| Mchenry Advisers, Inc | $30,600 reported compensation |
| Gray Robinson Attorney at Law | $8,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015135533NAL0002403635001, received 2025-10-15, EIN 59-1289802, plan #005, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.