Retirement plan

NEW PORT INVESTMENTS, S. E. SAVINGS AND RETIREMENT PLAN NEW PORT INVESTMENTS, S. E. SAVINGS

Name: NEW PORT INVESTMENTS, SE - NEW PORT INVESTMENTS, S. E. SAVINGS AND RETIREMENT PLAN NEW PORT INVESTMENTS, S. E. SAVINGS (2023) Form 5500
Creator: NEW PORT INVESTMENTS, SE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEW PORT INVESTMENTS, S. E. SAVINGS AND RETIREMENT PLAN NEW PORT INVESTMENTS, S. E. SAVINGS, NEW PORT INVESTMENTS, SE

NEW PORT INVESTMENTS, SEEIN 66-0449111Plan #001PY 2023

342 CALLE SAN LUIS STE 201 - SAN JUAN, PR 00920787-993-0330

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$560K

+42.0% from 2022

Total participants

0.0% from 2022

Average account balance

$55,981

+42.0% from 2022

Annual return

22.53%

+44.23 pp from 2022

Benchmarks

See 19,279 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants<25

Cohort19,279 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$685K

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$89K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+15.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5779

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 codes2E2G2F2T3C

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

2 tripped

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

$12K

$1234 / participant

Other / not subdivided$12K100.0%

% of EOY assets

2.204%

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

$55,981

$202,440-72.3%

$169,390-67.0%

$139,466-59.9%

Participation rate

100.0%

81.1%+18.9pp

77.2%+22.8pp

80.3%+19.7pp

Annual return

22.53%

532.36%-509.8pp

406.07%-383.5pp

373.66%-351.1pp

Employer contribution / active EE

$5,152

$4,693+9.8%

$4,013+28.4%

$4,754+8.4%

Participant deferral / active EE

$3,719

$6,940-46.4%

$6,222-40.2%

$6,712-44.6%

Admin fee / account holder

$1,234

$10,722-88.5%

$9,015-86.3%

$11,409-89.2%

NEW PORT INVESTMENTS, S. E. SAVINGS AND RETIREMENT PLAN NEW PORT INVESTMENTS, S. E. SAVINGS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEW PORT INVESTMENTS, S. E. SAVINGS AND RETIREMENT PLAN NEW PORT INVESTMENTS, S. E. SAVINGS

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