Retirement plan

DISCOVER PUERTO RICO RETIREMENT PLAN

Name: CORP PARA LA PROMOCION DE PR COMO DESTINO - DISCOVER PUERTO RICO RETIREMENT PLAN (2020) Form 5500
Creator: CORP PARA LA PROMOCION DE PR COMO DESTINO
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DISCOVER PUERTO RICO RETIREMENT PLAN, CORP PARA LA PROMOCION DE PR COMO DESTINO

CORP PARA LA PROMOCION DE PR COMO DESTINOEIN 66-0888522Plan #001PY 2020

OCHOA BUILDING 500, CALLE TANCA SUITE 402B - SAN JUAN, PR 009011969787-925-7277

Other plans on this EIN

1 filing

#002Retirement-$202K assets

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$544K

+73.6% from 2019

Total participants

-18.4% from 2019

Average account balance

$18,743

+61.7% from 2019

Annual return

18.86%

+18.86 pp from 2019

Benchmarks

See 26,418 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort26,418 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.13M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

109.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$278K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+9.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4531

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

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$4K

$147 / participant

Other / not subdivided$4K100.0%

% of EOY assets

0.782%

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

$18,743

$98,776-81.0%

$149,745-87.5%

$79,856-76.5%

Participation rate

93.1%

75.8%+17.3pp

82.5%+10.6pp

69.6%+23.5pp

Annual return

18.86%

27.38%-8.5pp

276.72%-257.9pp

31.71%-12.8pp

Employer contribution / active EE

$2,008

$3,217-37.6%

$4,646-56.8%

$2,471-18.8%

Participant deferral / active EE

$4,051

$5,681-28.7%

$6,843-40.8%

$3,741+8.3%

Admin fee / account holder

$147

$6,053-97.6%

$9,312-98.4%

$5,306-97.2%

DISCOVER PUERTO RICO RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DISCOVER PUERTO RICO RETIREMENT 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