Retirement plan

PUERTO RICO WIRE PRODUCTS, INC. 1165(E) PLAN

Name: PUERTO RICO WIRE PRODUCTS, INC. - PUERTO RICO WIRE PRODUCTS, INC. 1165(E) PLAN (2024) Form 5500
Creator: PUERTO RICO WIRE PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PUERTO RICO WIRE PRODUCTS, INC. 1165(E) PLAN, PUERTO RICO WIRE PRODUCTS, INC.

PUERTO RICO WIRE PRODUCTS, INC.EIN 66-0213750Plan #002PY 2024

PO BOX 363167 - SAN JUAN, PR 009363167787-288-8080

Prospect flagsLow returnsLow assets / participantLow employer contributionLow participant contributionLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$4M

+21.0% from 2023

Total participants

333

-3.5% from 2023

Average account balance

$14,327

+8.8% from 2023

Annual return

9.96%

-54.69 pp from 2023

Benchmarks

See 1,403 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,403 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.97M

Not enough data

1 years with asset history on file

Average account balance

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

$14K

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.

277

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.

78.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$444K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+9.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$148

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$38,967
OSAIC WEALTH INC1 year Filed as: OSAIC FS INC Service code 55 PO BOX 2201 · FORT WAYNE, IN 46801	Other Commissions	$15,003
A & A EMPLOYEE BENEFITS CONSULTING2 years Service code 13 PO BOX 13928 · SAN JUAN, PR 00908	Contract Administrator	$3,611
ENVESTNET RETIREMENT SOLUTIONS, LLC2 years Filed as: ENVESTNET RETIREMENT SOLUTIONS LLC Service code 27 1801 CALIFORNIA ST · DENVER, CO 80202	Advisory (Plan)	$1,724
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWERADVISORY GROUP LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,021

Plan features & details

Pension benefit codes2E2F2G2J3C

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

6 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$41K

$160 / participant

Other / not subdivided$41K100.0%

% of EOY assets

1.030%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: UMPIERRE PSC
Auditor EIN: 300116076
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,327

$89,465-84.0%

$165,100-91.3%

$77,762-81.6%

Participation rate

78.1%

78.6%-0.5pp

70.6%+7.5pp

Annual return

9.96%

28.86%-18.9pp

70.21%-60.2pp

31.27%-21.3pp

Employer contribution / active EE

$359

$2,565-86.0%

$4,348-91.8%

$2,728-86.9%

Participant deferral / active EE

$1,374

$4,904-72.0%

$6,035-77.2%

$4,651-70.4%

Admin fee / account holder

$148

$340-56.6%

$12,696-98.8%

$433-65.9%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE CO

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$38,967

OSAIC WEALTH INC1 year

Filed as: OSAIC FS INC

Service code 55

PO BOX 2201 · FORT WAYNE, IN 46801

Other Commissions

$15,003

A & A EMPLOYEE BENEFITS CONSULTING2 years

Service code 13

PO BOX 13928 · SAN JUAN, PR 00908

Contract Administrator

$3,611

ENVESTNET RETIREMENT SOLUTIONS, LLC2 years

Filed as: ENVESTNET RETIREMENT SOLUTIONS LLC

Service code 27

1801 CALIFORNIA ST · DENVER, CO 80202

Advisory (Plan)

$1,724

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWERADVISORY GROUP LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,021

PUERTO RICO WIRE PRODUCTS, INC. 1165(E) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PUERTO RICO WIRE PRODUCTS, INC. 1165(E) 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