Retirement plan

UNION DE OFICINISTAS DE COMPANIA CERVECERA DE PUERTO RICO, INC. PLAN

Name: COMPANIA CERVECERA DE PUERTO RICO - UNION DE OFICINISTAS DE COMPANIA CERVECERA DE PUERTO RICO, INC. PLAN (2020) Form 5500
Creator: COMPANIA CERVECERA DE PUERTO RICO
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNION DE OFICINISTAS DE COMPANIA CERVECERA DE PUERTO RICO, INC. PLAN, COMPANIA CERVECERA DE PUERTO RICO

COMPANIA CERVECERA DE PUERTO RICOEIN 66-0175664Plan #002PY 2020

POX 1690 - MAYAGUEZ, PR 00681787-834-1000

Other plans on this EIN

2 filings

#003Retirement-$4.4M assets #001Retirement-$4.1M assets

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$506K

-2.5% from 2019

Total participants

-8.3% from 2019

Average account balance

$50,612

+17.0% from 2019

Annual return

5.58%

-8.20 pp from 2019

Benchmarks

See 3,641 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort3,641 peers

Snapshot2020

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$506K

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$51K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

90.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$26K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+5.58%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$6830

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2J2E3C

Plan features

2E
Profit-sharing
Profit-sharing plan.
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 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of 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
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
3C
Plan not intended to be qualified
A plan not intended to be qualified under Code sections 401 403 or 408.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$68K

$6830 / participant

Other / not subdivided$68K100.0%

% of EOY assets

13.496%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,612

$105,931-52.2%

$81,930-38.2%

$158,931-68.2%

Participation rate

90.0%

75.6%+14.4pp

72.0%+18.0pp

82.0%+8.0pp

Annual return

5.58%

38.17%-32.6pp

29.49%-23.9pp

302.86%-297.3pp

Employer contribution / active EE

$1,374

$7,800-82.4%

$4,310-68.1%

$4,761-71.1%

Participant deferral / active EE

$1,215

$13,003-90.7%

$7,107-82.9%

$5,982-79.7%

Admin fee / account holder

$6,830

$8,489-19.5%

$5,158+32.4%

$11,247-39.3%

UNION DE OFICINISTAS DE COMPANIA CERVECERA DE PUERTO RICO, INC. PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNION DE OFICINISTAS DE COMPANIA CERVECERA DE PUERTO RICO, INC. PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion