Plan Ledger DOL Form 5500 · updated monthly

Radiology Associates of Richmond, Inc.401(k)

RADIOLOGY ASSOCIATES OF RICHMOND, INC. 401(K) PROFIT SHARING PLAN · RICHMOND, VA · plan year 2024

Reported admin expense ratio · 2024
0.05%

Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works

Radiology Associates of Richmond, Inc. reported $42,956 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $22,647 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.16% to 0.05%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 324th-largest of 2,266 plans among Virginia employers on file, and the 1,235th of 11,911 in health care & social assistance. In 2024, the employer put in $1.87 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$85,482,583
Participants with balances160
Active participants129
Employer contributions$2,921,408
Employee contributions$1,564,543
Employer contribution per active participant$22,647
Average account balance$534,266
Benefits paid to participants$13,177,085
Plan auditUnmodified (clean) audit opinion
AuditorHARRIS, HARDY & JOHNSTONE, PC
Plan history3
Yearassets · accounts · employer contribution
2024$85.5M · 160 accts · $2.9M emplr
2023$80.7M · 154 accts · $2.9M emplr
2022$67.2M · 153 accts · $2.1M emplr
Administrative expenses, itemized · 2024
Investment management$120,795
Audit (IQPA)$7,500
Total administrative$42,956
The Radiology Associates of Richmond, Inc. 401(k) match · 2024
Employer contribution per active participant$22,647
Median for plans this size$3,635
2024$22,647 per active participant
2023$22,157 per active participant
2022$15,616 per active participant

Radiology Associates of Richmond, Inc.'s 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
HEARTWOOD WEALTH ADVISORS · Investment advisory (plan)$120,793
HARRIS, HARDY & JOHNSTONE, P.C. · Accounting / audit$7,500
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$42,956 · 0.05%
2023$85,917 · 0.12%
2022$116,182 · 0.16%
Same employer
Similar plansHealth Care & Social Assistance · Virginia
Lifenet Health VA$105.2M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540888075 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.