Retirement plan

THE SAVINGS PLAN FOR LILLY AFFILIATE EMPLOYEES IN PUERTO RICO

Name: LILLY DEL CARIBE, INC. - THE SAVINGS PLAN FOR LILLY AFFILIATE EMPLOYEES IN PUERTO RICO (2023) Form 5500
Creator: LILLY DEL CARIBE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE SAVINGS PLAN FOR LILLY AFFILIATE EMPLOYEES IN PUERTO RICO, LILLY DEL CARIBE, INC.

LILLY DEL CARIBE, INC.EIN 98-0167031Plan #004PY 2023

P.O. BOX 1198 - CAROLINA, PR 009861198787-257-5437

Other plans on this EIN

1 filing

#020Retirement-$335.3M assets

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$441.9M

-3.7% from 2016

Total participants

1,882

+13.5% from 2016

Average account balance

$258,102

-5.9% from 2016

Annual return

30.09%

+3.02 pp from 2016

Benchmarks

See 394 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort394 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$519.25M

Not enough data

1 years with asset history on file

Average account balance

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

$275K

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.

1,888

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.

95.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$14.72M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+21.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$121

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 6 by compensation

Provider	Service type	Compensation
ALIGHT SOLUTIONS LLC2 years Filed as: ALIGHT SOLUTIONS, LLC Service code 15 · EIN 82-1061233	Recordkeeping	$74,062
BANCO POPULAR DE PUERTO RICO9+ years Service code 21 · EIN 66-0561870	Bank Trustee	$59,468
PLANTE & MORAN, PLLC8 years Filed as: PLANTE & MORAN PLLC Service code 10 · EIN 38-1357951	Accounting	$35,050
ELI LILLY AND COMPANY9+ years Service code 14 · EIN 35-0470950	Plan Administrator	$29,976
ERNST & YOUNG LLP9+ years Service code 10 · EIN 34-6565596	Accounting	$22,590
ALIGHT SOLUTIONS LLC7 years Filed as: ALIGHT FINANCIAL SOLUTIONS, LLC Service code 33 · EIN 82-1061233	Securities brokerage; Finders' fees /...	$2,162

Plan features & details

Pension benefit codes2E2F2G2I2K2R2S2T3F3H3J

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.
2I
Stock bonus
Stock bonus plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
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

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$228K

$194 / participant

Recordkeeping$74K32.5%
Salaries / allowances$30K13.2%
Other trustee fees$59K26.1%
Other / not subdivided$64K28.2%

% of EOY assets

0.052%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ERNST & YOUNG LLP
Auditor EIN: 346565596
Audit fees: $22,590
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$258,102

$104,631+146.7%

$98,462+162.1%

$80,187+221.9%

Participation rate

85.5%

87.5%-2.0pp

75.2%+10.3pp

72.9%+12.6pp

Annual return

30.09%

34.72%-4.6pp

21.20%+8.9pp

40.40%-10.3pp

Employer contribution / active EE

$4,304

$4,517-4.7%

$3,049+41.2%

$2,980+44.5%

Participant deferral / active EE

$7,614

$6,545+16.3%

$4,738+60.7%

$5,016+51.8%

Admin fee / account holder

$133

$105+26.9%

$8,875-98.5%

$145-8.3%

Provider

Service type

Compensation

ALIGHT SOLUTIONS LLC2 years

Filed as: ALIGHT SOLUTIONS, LLC

Service code 15 · EIN 82-1061233

Recordkeeping

$74,062

BANCO POPULAR DE PUERTO RICO9+ years

Service code 21 · EIN 66-0561870

Bank Trustee

$59,468

PLANTE & MORAN, PLLC8 years

Filed as: PLANTE & MORAN PLLC

Service code 10 · EIN 38-1357951

Accounting

$35,050

ELI LILLY AND COMPANY9+ years

Service code 14 · EIN 35-0470950

Plan Administrator

$29,976

ERNST & YOUNG LLP9+ years

Service code 10 · EIN 34-6565596

Accounting

$22,590

ALIGHT SOLUTIONS LLC7 years

Filed as: ALIGHT FINANCIAL SOLUTIONS, LLC

Service code 33 · EIN 82-1061233

Securities brokerage; Finders' fees /...

$2,162

THE SAVINGS PLAN FOR LILLY AFFILIATE EMPLOYEES IN PUERTO RICO

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE SAVINGS PLAN FOR LILLY AFFILIATE EMPLOYEES IN 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