US Radiology Specialists, Inc. 401(k) Review & Grade
US Radiology Specialists 401(k) Retirement Plan
Raleigh, NCHealth Care & Social Assistance4,773 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,275Employer $ per active participant
$4,079Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$571.0MNet plan assets, end of year
$128,954Average balance per account
Score breakdown
- Employer generosity46.5 / 5093th percentile for employer $ per participant
- Low cost7.0 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving9.5 / 1563th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score53 / 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 | 93th |
| Lower admin cost | 28th |
| Employee saving | 63th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($514,510 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $78,528 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- US Radiology Specialists put in about $5,275 per active participant, more than the typical peer ($800). 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.
- Direct plan expenses (0.25% 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $25,177,164 |
| Participant (employee) contributions | $19,467,295 |
| Other contributions (incl. rollovers in) | $4,816,193 |
| Administrative expenses paid from the plan | $1,269,309 |
| Contract administrator fees | $439,211 |
| Other admin expenses | $9,743 |
| Benefits paid out | $59,649,423 |
| Net assets, start / end of year | $447.5M / $571.0M |
| Active participants, start / end of year | 4,882 / 4,664 |
| Participants with account balances | 4,428 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Oneamerica Retirement Services LLC | $443,396 reported compensation |
| Creative Planning, LLC | $269,500 reported compensation |
| Merrill Lynch | $148,041 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015060743NAL0007949250001, received 2025-10-15, EIN 82-3626023, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.