Retirement plan

RETIREMENT PLAN FOR SALARIED EMPLOYEES OF PUERTO RICO TELEPHONE COMPANY II

Name: PUERTO RICO TELEPHONE COMPANY - RETIREMENT PLAN FOR SALARIED EMPLOYEES OF PUERTO RICO TELEPHONE COMPANY II (2017) Form 5500
Creator: PUERTO RICO TELEPHONE COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RETIREMENT PLAN FOR SALARIED EMPLOYEES OF PUERTO RICO TELEPHONE COMPANY II, PUERTO RICO TELEPHONE COMPANY

PUERTO RICO TELEPHONE COMPANYEIN 66-0564397Plan #006PY 2017

GPO BOX 360998, 1513 ROOSEVELT AVENUE, 10TH FLOOR - SAN JUAN, PR 009360998787-706-6360

Other plans on this EIN

5 filings

#007Retirement-$445.3M assets #005Retirement-$34.5M assets #004Retirement-$31.3M assets #001Retirement--#002Retirement--

Prospect flagsHigh retiree %Low participation

How to read this page

Total assets (EOY)

$741.1M

+14.8% from 2018

Total participants

5,139

+0.8% from 2018

Average account balance

No prior year

Annual return

0.00%

+9.94 pp from 2018

Benchmarks

See 1,145 peers

Peer group

Industryany (size+type match)

Plan typeDefined benefit

Participants1,000-4,999

Cohort1,145 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-100.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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Service providers

Top 9 by compensation

Provider	Service type	Compensation
INDEPENDENT FINANCIAL PARTNERS1+ years Filed as: EPOCH INVESTMENT PARTNERS, INC. Service code 28 · EIN 20-1003862	Investment Management	$233,212
AB FUNDS1+ years Filed as: ALLIANCEBERNSTEIN L.P. Service code 28 · EIN 13-4064930	Investment Management	$161,172
MERCER1+ years Service code 11 · EIN 61-0736136	Actuarial	$108,200
KBI GLOBAL INVESTORS1+ years Service code 28 · EIN 98-0460079	Investment Management	$105,772
BLUEBAY ASSET MANAGEMENT LLP1+ years Service code 28 · EIN 98-1028247	Investment Management	$102,557
PIMCO FUNDS1+ years Filed as: PIMCO Service code 28 · EIN 33-0629048	Investment Management	$92,509
BANCO POPULAR DE PUERTO RICO1+ years Service code 21 · EIN 66-0561870	Bank Trustee	$61,817
JPMORGAN INVEST HOLDINGS LLC1+ years Filed as: JPMORGAN CHASE BANK, N.A. Service code 21 · EIN 13-4994650	Bank Trustee	$49,831
BDO USA, LLP1+ years Filed as: BDO PUERTO RICO PSC Service code 10 · EIN 66-0578857	Accounting	$17,005

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A1C3J

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
3J
U.S.-based Puerto Rico dual-qualified plan
U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$931K

$585 / participant

Investment mgmt$738K79.3%
Other / not subdivided$193K20.7%

% of EOY assets

0.126%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BDO PUERTO RICO PSC
Auditor EIN: 660578857
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$256,121-100.0%

Participation rate

0.0%

0.0%0pp

37.7%-37.7pp

0.0%0pp

Annual return

0.00%

17.84%-17.8pp

9.60%-9.6pp

17.84%-17.8pp

Employer contribution / active EE

$3,962

$14,688-73.0%

$45,595-91.3%

$14,688-73.0%

Participant deferral / active EE

$770-100.0%

$255-100.0%

$770-100.0%

Admin fee / account holder

$9,523-100.0%

Provider

Service type

Compensation

INDEPENDENT FINANCIAL PARTNERS1+ years

Filed as: EPOCH INVESTMENT PARTNERS, INC.

Service code 28 · EIN 20-1003862

Investment Management

$233,212

AB FUNDS1+ years

Filed as: ALLIANCEBERNSTEIN L.P.

Service code 28 · EIN 13-4064930

Investment Management

$161,172

MERCER1+ years

Service code 11 · EIN 61-0736136

Actuarial

$108,200

KBI GLOBAL INVESTORS1+ years

Service code 28 · EIN 98-0460079

Investment Management

$105,772

BLUEBAY ASSET MANAGEMENT LLP1+ years

Service code 28 · EIN 98-1028247

Investment Management

$102,557

PIMCO FUNDS1+ years

Filed as: PIMCO

Service code 28 · EIN 33-0629048

Investment Management

$92,509

BANCO POPULAR DE PUERTO RICO1+ years

Service code 21 · EIN 66-0561870

Bank Trustee

$61,817

JPMORGAN INVEST HOLDINGS LLC1+ years

Filed as: JPMORGAN CHASE BANK, N.A.

Service code 21 · EIN 13-4994650

Bank Trustee

$49,831

BDO USA, LLP1+ years

Filed as: BDO PUERTO RICO PSC

Service code 10 · EIN 66-0578857

Accounting

$17,005

RETIREMENT PLAN FOR SALARIED EMPLOYEES OF PUERTO RICO TELEPHONE COMPANY II

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RETIREMENT PLAN FOR SALARIED EMPLOYEES OF PUERTO RICO TELEPHONE COMPANY II

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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