Plan Snapshot
- Plan Sponsor: Abbvie Ltd.
- Sponsor EIN: 980429860
- Sponsor Address: TOTAL REWARDS, BARCELONETA, PR, 00617
- Plan Type: DB
- Total Participants: 1,012
- Total Assets: $471.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,012 | $471.5M | $0 | $0 |
| 2023 | 1,070 | $448.8M | $7.0M | $0 |
| 2022 | 1,133 | $385.7M | $7.9M | $0 |
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 |
|---|---|---|---|---|
| ORIENTAL BANK | NONE | $126,584 | — | $126,584 |
| FERRAIUOLI, LLC | NONE | $44,328 | — | $44,328 |
| GROOM LAW GROUP | NONE | $30,014 | — | $30,014 |
| CURCIO WEBB | NONE | $16,000 | — | $16,000 |
| NEPC, LLC | NONE | $9,375 | — | $9,375 |
| NORTHERN TRUST COMPANY | NONE | $5,061 | — | $5,061 |
| ERNST & YOUNG LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GROOM LAW GROUP — NONE
- NEPC, LLC — NONE
- ERNST & YOUNG LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $231,362
- Estimated Expense Ratio: 0.049% 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 | $213,136 | $52,549 | — | — | — |
| 2023 | $229,483 | — | — | — | — |
| 2022 | $211,438 | — | — | — | — |