Retirement plan

ALCON PUERTO RICO SAVINGS AND RETIREMENT PLAN

Name: ALCON PUERTO RICO INC. - ALCON PUERTO RICO SAVINGS AND RETIREMENT PLAN (2024) Form 5500
Creator: ALCON PUERTO RICO INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALCON PUERTO RICO SAVINGS AND RETIREMENT PLAN, ALCON PUERTO RICO INC.

ALCON PUERTO RICO INC.EIN 75-1596851Plan #011PY 2024

6201 SOUTH FREEWAY - FORT WORTH, TX 76134817-551-8215

Prospect flagsWind-down / frozen

How to read this page

Total assets (EOY)

$31.2M

+10.8% from 2023

Total participants

162

-5.8% from 2023

Average account balance

$195,085

+17.7% from 2023

Annual return

12.18%

-2.88 pp from 2023

Benchmarks

See 14,164 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,164 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$31.21M

Not enough data

1 years with asset history on file

Average account balance

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

$195K

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.

160

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.

93.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$542K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+12.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$91

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

Top 2 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INVESTMENTS Service code 37 · EIN 04-2647786	Loan Processing	$7,420
BAKER TILLY US, LLP1 year Filed as: BAKER TILLY Service code 10 · EIN 30-1413443	Accounting	$7,089

Plan features & details

Pension benefit codes2E2G2J2K2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$15K

$484 / participant

Recordkeeping$7K51.1%
Other / not subdivided$7K48.9%

% of EOY assets

0.046%

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: BAKER TILLY US, LLP.
Auditor EIN: 301413443
Audit fees: $7,089
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$195,085

$86,938+124.4%

$102,423+90.5%

$80,925+141.1%

Participation rate

93.3%

72.4%+21.0pp

76.5%+16.8pp

67.7%+25.7pp

Annual return

12.18%

18.89%-6.7pp

29.42%-17.2pp

35.65%-23.5pp

Employer contribution / active EE

$9,252

$2,369+290.5%

$3,023+206.0%

$2,756+235.7%

Participant deferral / active EE

$8,818

$4,120+114.0%

$5,054+74.5%

$4,299+105.1%

Admin fee / account holder

$91

$8,053-98.9%

$9,455-99.0%

$6,940-98.7%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INVESTMENTS

Service code 37 · EIN 04-2647786

Loan Processing

$7,420

BAKER TILLY US, LLP1 year

Filed as: BAKER TILLY

Service code 10 · EIN 30-1413443

Accounting

$7,089

ALCON PUERTO RICO SAVINGS AND RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALCON PUERTO RICO SAVINGS AND 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