Retirement plan

UNION DE TRONQUISTAS DE PUERTO RICO LOCAL 901 1165(E) PLAN

Name: UNION DE TRONQUISTAS DE PUERTO RICO - UNION DE TRONQUISTAS DE PUERTO RICO LOCAL 901 1165(E) PLAN (2022) Form 5500
Creator: UNION DE TRONQUISTAS DE PUERTO RICO
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNION DE TRONQUISTAS DE PUERTO RICO LOCAL 901 1165(E) PLAN, UNION DE TRONQUISTAS DE PUERTO RICO

UNION DE TRONQUISTAS DE PUERTO RICOEIN 66-0344357Plan #002PY 2022

352 CALLE DEL PARQUE - SAN JUAN, PR 00912787-721-8980

Other plans on this EIN

1 filing

#001Retirement-$1.4M assets

Prospect flagsLow returnsLow assets / participantLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$1.7M

-34.9% from 2021

Total participants

366

+14.0% from 2021

Average account balance

$4,530

-42.9% from 2021

Annual return

-18.53%

-28.45 pp from 2021

Benchmarks

See 670 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort670 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.63M

Not enough data

1 years with asset history on file

Average account balance

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

$7K

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.

368

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$431K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+7.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$185

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

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
CONSULTIVA INTERNATIONAL7 years Filed as: CONSULTIVA INTERNACIONAL, INC. Service code 26 · EIN 66-0569863	Advisory (Participants)	$11,290
THE 401K COMPANY OF PUERTO RICO INC1 year Service code 13 · EIN 66-0708309	Contract Administrator	$9,822
AQUINO DE CORDOVA, ALFARO & CO., LL8+ years Service code 10 · EIN 66-0546035	Accounting	$7,700
401K ADVISORS INC8+ years Filed as: THE 401K COMPANY OF PR, INC. Service code 14 · EIN 66-0708309	Plan Administrator	$3,932
NATIONWIDE8+ years Service code 27 ONE NATIONWIDE · COLUMBUS, OH 43215	Advisory (Plan)	$1,961
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE CO Service code 64 8515 EAST ORCHAD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0
NATIONWIDE1 year Filed as: NATIONWIDE PLANNING ASSOCIATES INC Service code 55 115 W CENTURY RD SUITE 360 · PARAMUS, NJ 07652	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3C

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.
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 to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
3C
Plan not intended to be qualified
A plan not intended to be qualified under Code sections 401 403 or 408.

Opportunity flags

4 tripped

OpportunityLow participant contribution
Participant 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.
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

$61K

$167 / participant

Contract admin$61K100.0%

% of EOY assets

3.696%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: AQUINO DE CORDOVA, ALFARO & CO.
Auditor EIN: 660546032
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$4,530

$44,764-89.9%

$68,803-93.4%

$64,824-93.0%

Participation rate

100.0%

64.8%+35.2pp

69.0%+31.0pp

71.5%+28.5pp

Annual return

-18.53%

-10.91%-7.6pp

-6.37%-12.2pp

32.84%-51.4pp

Employer contribution / active EE

$541

$1,775-69.5%

$2,656-79.6%

$2,507-78.4%

Participant deferral / active EE

$832

$3,238-74.3%

$3,942-78.9%

$4,311-80.7%

Admin fee / account holder

$167

$151+10.6%

$4,936-96.6%

$188-10.9%

Provider

Service type

Compensation

CONSULTIVA INTERNATIONAL7 years

Filed as: CONSULTIVA INTERNACIONAL, INC.

Service code 26 · EIN 66-0569863

Advisory (Participants)

$11,290

THE 401K COMPANY OF PUERTO RICO INC1 year

Service code 13 · EIN 66-0708309

Contract Administrator

$9,822

AQUINO DE CORDOVA, ALFARO & CO., LL8+ years

Service code 10 · EIN 66-0546035

Accounting

$7,700

401K ADVISORS INC8+ years

Filed as: THE 401K COMPANY OF PR, INC.

Service code 14 · EIN 66-0708309

Plan Administrator

$3,932

NATIONWIDE8+ years

Service code 27

ONE NATIONWIDE · COLUMBUS, OH 43215

Advisory (Plan)

$1,961

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE CO

Service code 64

8515 EAST ORCHAD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

NATIONWIDE1 year

Filed as: NATIONWIDE PLANNING ASSOCIATES INC

Service code 55

115 W CENTURY RD SUITE 360 · PARAMUS, NJ 07652

Other Commissions

UNION DE TRONQUISTAS DE PUERTO RICO LOCAL 901 1165(E) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNION DE TRONQUISTAS DE PUERTO RICO LOCAL 901 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