Plan Snapshot
- Plan Sponsor: Aiac International Pharma LLC
- Sponsor EIN: 660839778
- Sponsor Address: PO BOX 6060, BARCELONETA, PR, 00617
- Plan Type: DC
- Total Participants: 252
- Total Assets: $14.6M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 252 | $14.6M | $481,177 | $1.4M |
| 2023 | 198 | $12.0M | $428,367 | $1.3M |
| 2022 | 183 | $9.7M | $436,567 | $1.3M |
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 |
|---|---|---|---|---|
| OLIVER FINANCIAL GROUP LLC | Investment Advisor | $49,664 | — | $49,664 |
| PENSION ADMINISTRATORS GROUP | Other Service Provider | $35,801 | $9,999 | $45,800 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $25,892 | — | $25,892 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $121,356
- Estimated Expense Ratio: 0.831% 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 | $112,605 | $112,605 | — | — | — |
| 2023 | $92,473 | $92,473 | — | — | — |
| 2022 | $99,427 | $99,427 | — | — | — |