Retirement plan

FONDOS UNIDOS DE PUERTO RICO, INC. CODA PROFIT SHARING PLAN

Name: FONDOS UNIDOS DE PUERTO RICO, INC. - FONDOS UNIDOS DE PUERTO RICO, INC. CODA PROFIT SHARING PLAN (2023) Form 5500
Creator: FONDOS UNIDOS DE PUERTO RICO, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FONDOS UNIDOS DE PUERTO RICO, INC. CODA PROFIT SHARING PLAN, FONDOS UNIDOS DE PUERTO RICO, INC.

FONDOS UNIDOS DE PUERTO RICO, INC.EIN 66-0269222Plan #001PY 2023

P.O. BOX 191914 - SAN JUAN, PR 009191914787-728-8500

Prospect flagsLow returnsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.8M

+11.9% from 2022

Total participants

+10.5% from 2022

Average account balance

$54,992

+8.5% from 2022

Annual return

9.31%

+24.18 pp from 2022

Benchmarks

See 9,811 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,811 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.16M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

97.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$74K

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

+10.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2588

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 codes2E2G3C2T2F

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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3C
Plan not intended to be qualified
A plan not intended to be qualified under Code sections 401 403 or 408.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$52K

$1633 / participant

Other / not subdivided$52K100.0%

% of EOY assets

2.879%

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

$54,992

$57,305-4.0%

$86,640-36.5%

$75,173-26.8%

Participation rate

71.9%

63.2%+8.7pp

71.7%+0.2pp

67.2%+4.7pp

Annual return

9.31%

2674.24%-2664.9pp

592.52%-583.2pp

160.72%-151.4pp

Employer contribution / active EE

$664

$2,316-71.3%

$3,024-78.0%

$2,671-75.1%

Participant deferral / active EE

$1,856

$3,320-44.1%

$4,438-58.2%

$4,126-55.0%

Admin fee / account holder

$1,583

$4,116-61.5%

$5,616-71.8%

$5,651-72.0%

FONDOS UNIDOS DE PUERTO RICO, INC. CODA PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FONDOS UNIDOS DE PUERTO RICO, INC. CODA PROFIT SHARING 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