Plan Snapshot
- Plan Sponsor: B. Fernandez & Hnos., INC.
- Sponsor EIN: 660209037
- Sponsor Address: PO BOX 363629, SAN JUAN, PR, 009363629
- Plan Type: DC
- Total Participants: 950
- Total Assets: $28.0M
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 | 950 | $28.0M | $629,853 | $1.7M |
| 2023 | 924 | $25.4M | $634,032 | $1.7M |
| 2022 | 844 | $21.2M | $604,945 | $1.6M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE CO | RECORDKEEPER | $98,985 | — | $98,985 |
| ONEDIGITAL INVESTMENT ADVISORS LLC | INVESTMENT ADVISOR | $85,979 | — | $85,979 |
| A & A EMPLOYEE BENEFITS CONSULTING | CONTRACT ADMIN | — | $20,000 | $20,000 |
| GALINDEZ LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ONEDIGITAL INVESTMENT ADVISORS LLC — INVESTMENT ADVISOR
- GALINDEZ LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $204,964
- Estimated Expense Ratio: 0.733% 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 | $181,383 | — | — | — | — |
| 2023 | $158,932 | — | — | — | — |
| 2022 | $169,676 | — | — | — | — |