Radian Group, Inc. 401(k) Review & Grade
Radian Group Inc. Savings Incentive Plan
Wayne, PAFinance & Insurance1,107 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,276Employer $ per active participant
$11,422Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$333.1MNet plan assets, end of year
$183,229Average balance per account
Score breakdown
- Employer generosity42.6 / 5085th percentile for employer $ per participant
- Low cost24.0 / 2596th percentile for low admin cost vs. same-size plans
- Employee saving12.1 / 1580th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score86 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 96th |
| Employee saving | 80th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $93 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Radian Group put in about $7,276 per active participant, more than the typical peer ($3,606). 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 | $8,054,487 |
| Participant (employee) contributions | $12,644,531 |
| Other contributions (incl. rollovers in) | $2,490,356 |
| Administrative expenses paid from the plan | $55,773 |
| Contract administrator fees | $900 |
| Benefits paid out | $28,165,713 |
| Net assets, start / end of year | $293.9M / $333.1M |
| Active participants, start / end of year | 1,178 / 1,036 |
| Participants with account balances | 1,818 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Grant Thornton LLP |
| Employer stock held by plan | $12,868,739 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $55,755 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250902080131NAL0008309843001, received 2025-09-02, EIN 23-2691170, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.