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Radius Financial Group, Inc. 401k Employee Savings Plan


Plan Information

  • Plan Year01/01/2006 — 12/31/2006
  • Date of Plan10/01/1999
  • Net Assets as of 12/31/2006 $1,215,341
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program? No
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2006

  • Active (Eligible) Participants18
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits10
  • Subtotal28
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total28
  • Total number of participants as of 01/01/200634
  • Number of participants with account balances20
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0
  • Number of participants required to be reported on Schedule SSA6


  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address1200 Crown Colony Dr Fl 7
  • CityQuincy
  • StateMA
  • Zip02169-0938
  • Telephone(781) 742-6500
  • EIN04-3483190
  • Industry Code522292
  • Named AdministratorKeith E. Polaski
  • Named Plan SponsorKeith E. Polaski

Plan Administrator Information

  • Administrator NameSAME
  • Administrator EIN

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2K Code section 401(m) arrangement Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $300,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan at any time hold 20% or more of its assets in any single security, debt, mortgage, parcel of real estate, or partnership/joint venture interest? No $0
Are you claiming a waiver of the annual examination and report of an independent qualified public accountant (IQPA) under 29 CFR 2520.104-46? Yes
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No


Income and Expense Statement

Income $195,356
Contributions $0
Cash Contributions $69,672
Cash from Employers $8,963
Cash from Participants $60,709
Others (including rollovers) $0
Noncash Contributions $0
Other Income $125,684
Expenses $437,788
Total Benefit Payments $432,984
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Other Expenses $4,804
Net Income $-242,432
Transfers of Assets to (from) this Plan $0

Asset and Liability Statement

12/31/2006 12/31/2005 Change YOY
Total Assets $1,215,341 $1,457,773 -16.63%
Total Liabilities $0 $0 0.0%
Net Assets $1,215,341 $1,457,773 -16.63%

Specific Assets Statement

Held? Amount
Total Specific Assets No $138,852
Partnership/joint venture interests Yes $0
Employer Real Property Yes $0
Real Estate Yes $0
Employer Securities Yes $0
Participant Loans No $138,852
Loans (other than to participants) Yes $0
Tangible Personal Property Yes $0

Service Providers

Service Providers

There are no service providers listed for this plan.



Name of Investment Investment Manager Type of Investment Dollar Value
Map Contract Separate Account D Ing Life Insurance and Annuity Co DFE: Pooled Separate Account $668,594
Total $668,594

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Ing Life Insurance and Annuity Company 20
EIN 71-0294708
Industry Code 86509
Contract Number 888271
Contract Year 01/01/2006 — 12/31/2006
Value in General Account at Year End $0
Value in Separate Accounts at Year End $668,594
Insurance Fees and Commissions $4,570
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Sbhu Life Ins Agcy of Ma, Inc. 333 W 34th St, 7th Floor New York, NY 10001 Insurance Agent or Broker $3,965 $0
The Angell Pension Group Inc 10 Hemingway Drive East Providence, RI 02915 Third Party Administrator $0 $605 TPA SERVICE FEES
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract
Balance at the end of the previous year $25,995
Additions $8,209
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $202
Transferred from separate account $0
Other $8,007
Total of Balance and Additions $34,204
Deductions $34,204
Disbursed from fund to pay benefits or purchase annuities during the year $18,186
Administration charge made by carrier $4
Transferred to Separate Account $8,007
Other $8,007
Balance at the end of the current year $0