Retirement plan

VALDES GARCIA MARIN & MARTINEZ, LLP 1165(E) PLAN

Name: VALDES GARCIA MARIN & MARTINEZ, LLP - VALDES GARCIA MARIN & MARTINEZ, LLP 1165(E) PLAN (2023) Form 5500
Creator: VALDES GARCIA MARIN & MARTINEZ, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VALDES GARCIA MARIN & MARTINEZ, LLP 1165(E) PLAN, VALDES GARCIA MARIN & MARTINEZ, LLP

VALDES GARCIA MARIN & MARTINEZ, LLPEIN 66-0345595Plan #001PY 2023

PO BOX 364831 - SAN JUAN, PR 009364831787-725-1600

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$863K

+14.4% from 2022

Total participants

+10.5% from 2022

Average account balance

$53,955

+14.4% from 2022

Annual return

15.39%

+32.58 pp from 2022

Benchmarks

See 41,808 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort41,808 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$974K

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

58.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$39K

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

+11.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2893

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 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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$51K

$2972 / participant

Other / not subdivided$51K100.0%

% of EOY assets

5.852%

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

$53,955

$96,678-44.2%

$86,640-37.7%

$139,466-61.3%

Participation rate

70.6%

74.4%-3.8pp

71.7%-1.1pp

80.3%-9.7pp

Annual return

15.39%

106.69%-91.3pp

592.52%-577.1pp

373.66%-358.3pp

Employer contribution / active EE

$3,265-100.0%

$3,024-100.0%

$4,754-100.0%

Participant deferral / active EE

$1,799

$4,837-62.8%

$4,438-59.5%

$6,712-73.2%

Admin fee / account holder

$3,157

$6,410-50.7%

$5,616-43.8%

$11,409-72.3%

VALDES GARCIA MARIN & MARTINEZ, LLP 1165(E) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VALDES GARCIA MARIN & MARTINEZ, LLP 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