Retirement plan

MOLINA SALARY SAVINGS PLAN OF PUERTO RICO

Name: MOLINA HEALTHCARE OF PUERTO RICO - MOLINA SALARY SAVINGS PLAN OF PUERTO RICO (2024) Form 5500
Creator: MOLINA HEALTHCARE OF PUERTO RICO
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MOLINA SALARY SAVINGS PLAN OF PUERTO RICO, MOLINA HEALTHCARE OF PUERTO RICO

MOLINA HEALTHCARE OF PUERTO RICOEIN 66-0817946Plan #001PY 2024

PO BOX 364988 - SAN JUAN, PR 009364988787-200-3419

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$6.2M

+7.8% from 2023

Total participants

152

-42.9% from 2023

Average account balance

$53,619

+92.1% from 2023

Annual return

13.88%

-4.84 pp from 2023

Benchmarks

See 7,159 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,159 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.17M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

115

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.

31.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$454K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+13.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$19

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

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 codes2F2G2J3C2E

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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$2K

$41 / participant

Contract admin$2K100.0%

% of EOY assets

0.036%

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: RODRIGUEZ-SANABRIA & CO., CPA'S PSC
Auditor EIN: 660757092
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,619

$138,366-61.2%

$184,185-70.9%

$80,911-33.7%

Participation rate

31.5%

83.9%-52.4pp

86.8%-55.3pp

67.6%-36.2pp

Annual return

13.88%

20.02%-6.1pp

28.81%-14.9pp

35.63%-21.7pp

Employer contribution / active EE

$3,579

$4,849-26.2%

$6,426-44.3%

$2,756+29.9%

Participant deferral / active EE

$4,835

$7,074-31.7%

$9,132-47.1%

$4,297+12.5%

Admin fee / account holder

$19

$10,484-99.8%

$13,909-99.9%

$6,935-99.7%

MOLINA SALARY SAVINGS PLAN OF PUERTO RICO

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MOLINA SALARY SAVINGS PLAN OF PUERTO RICO

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