Plan Snapshot
- Plan Sponsor: Abarca Health Fl LLC
- Sponsor EIN: 812305300
- Sponsor Address: 1606 AVE. PONCE DE LEON, SAN JUAN, PR, 009094830
- Plan Type: 401(k)
- Total Participants: 409
- Total Assets: $8.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 409 | $8.7M | $735,085 | $2.2M |
| 2023 | 277 | $4.4M | $389,092 | $1.2M |
| 2022 | 217 | $2.2M | $251,281 | $855,798 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| POPULAR, INC. | RK & INVESTMENT FEES | $35,578 | $2,285 | $37,863 |
| DE ANGEL & COMPANIA CPA, LLC. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $37,863
- Estimated Expense Ratio: 0.436% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $58,454 | — | — | — | — |
| 2023 | $13,946 | — | — | — | — |
| 2022 | $5,148 | — | — | — | — |