Radnet, Inc. 401(k) Review & Grade
Radnet 401(k) Plan
Los Angeles, CAHealth Care & Social Assistance9,558 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$382Employer $ per active participant
$4,945Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$436.6MNet plan assets, end of year
$38,597Average balance per account
Score breakdown
- Employer generosity19.9 / 5040th percentile for employer $ per participant
- Low cost8.0 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving10.7 / 1571th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 32th |
| Employee saving | 71th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $22,872 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Radnet put in about $382 per active participant, below the typical peer ($800). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- Direct plan expenses (0.22% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $3,647,168 |
| Participant (employee) contributions | $47,266,166 |
| Other contributions (incl. rollovers in) | $11,391,705 |
| Administrative expenses paid from the plan | $867,565 |
| Contract administrator fees | $782,565 |
| Investment advisory & management fees | $85,000 |
| Benefits paid out | $40,487,261 |
| Net assets, start / end of year | $366.4M / $436.6M |
| Active participants, start / end of year | 9,328 / 9,787 |
| Participants with account balances | 11,311 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Miller Kaplan Arase LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $782,565 reported compensation |
| Raymond James & Associates Inc. | $85,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009133102NAL0006651457001, received 2025-10-09, EIN 95-4377348, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.