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 (2023) 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 2023

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)

$2.2M

+33.4% from 2022

Total participants

370

+1.1% from 2022

Average account balance

$5,977

+31.9% from 2022

Annual return

11.96%

+30.49 pp from 2022

Benchmarks

See 664 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort664 peers

Snapshot2023

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

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

Service providers

Top 8 by compensation

Provider	Service type	Compensation
401K ADVISORS INC9+ years Filed as: THE 401K COMPANY OF PR, INC. Service code 13 · EIN 66-0708309	Contract Administrator	$18,482
AQUINO DE CORDOVA, ALFARO & CO., LL1 year Filed as: AQUINO DE CORDOVA, LLC Service code 10 · EIN 66-0546035	Accounting	$18,150
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE CO Service code 64 8515 EAST ORCHAD RD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$17,085
LUIS CANDELARIO ROSARIO1 year Service code 99 HC 71 BOX 7224 · CAYEY, PR 00736	Other Fees	$7,800
NATIONWIDE1 year Filed as: NATIONWIDE PLANNING ASOCIATES, INC Service code 55	Other Commissions	$5,259
THE 401K COMPANY OF PUERTO RICO INC2 years Service code 13	Contract Administrator	$886
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHAD RD · GREENWOOD VILLAGE, CO 80111	Investment Management	$6
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

$62K

$169 / participant

Contract admin$62K100.0%

% of EOY assets

2.823%

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, LLC
Auditor EIN: 660546032
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$5,977

$49,763-88.0%

$70,565-91.5%

$74,473-92.0%

Participation rate

100.0%

64.6%+35.4pp

68.4%+31.6pp

70.7%+29.3pp

Annual return

11.96%

21.21%-9.2pp

32.79%-20.8pp

34.36%-22.4pp

Employer contribution / active EE

$793

$1,776-55.3%

$2,976-73.3%

$2,638-69.9%

Participant deferral / active EE

$450

$3,379-86.7%

$4,568-90.2%

$4,530-90.1%

Admin fee / account holder

$169

$316-46.6%

$6,430-97.4%

$347-51.4%

Provider

Service type

Compensation

401K ADVISORS INC9+ years

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

Service code 13 · EIN 66-0708309

Contract Administrator

$18,482

AQUINO DE CORDOVA, ALFARO & CO., LL1 year

Filed as: AQUINO DE CORDOVA, LLC

Service code 10 · EIN 66-0546035

Accounting

$18,150

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE CO

Service code 64

8515 EAST ORCHAD RD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$17,085

LUIS CANDELARIO ROSARIO1 year

Service code 99

HC 71 BOX 7224 · CAYEY, PR 00736

Other Fees

$7,800

NATIONWIDE1 year

Filed as: NATIONWIDE PLANNING ASOCIATES, INC

Service code 55

Other Commissions

$5,259

THE 401K COMPANY OF PUERTO RICO INC2 years

Service code 13

Contract Administrator

$886

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHAD RD · GREENWOOD VILLAGE, CO 80111

Investment Management

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