Plan Snapshot
- Plan Sponsor: Borinquen Health Care Center, INC.
- Sponsor EIN: 591417397
- Sponsor Address: 3601 FEDERAL HIGHWAY, MIAMI, FL, 33137
- Plan Type: 401(k)
- Total Participants: 380
- Total Assets: $5.6M
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 | 380 | $5.6M | $100,000 | $729,810 |
| 2023 | 352 | $4.6M | $2,432 | $630,075 |
| 2022 | 333 | $4.0M | $120,311 | $599,468 |
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 |
|---|---|---|---|---|
| GARCIAESPINOSAMIYARESRODRIGUETRUEBA | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $51,918 | — | — | — | — |
| 2023 | $42,300 | — | $42,300 | — | — |
| 2022 | $26,707 | — | — | — | — |