Plan Snapshot
- Plan Sponsor: Hub International Puerto Rico, INC.
- Sponsor EIN: 660635623
- Sponsor Address: PO BOX 195556, SAN JUAN, PR, 009195556
- Plan Type: DC
- Total Participants: 117
- Total Assets: $9.9M
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 | 117 | $9.9M | $136,189 | $488,613 |
| 2023 | 117 | $8.4M | $187,192 | $448,355 |
| 2022 | 105 | $7.2M | $185,662 | $445,934 |
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 | Custodian / Trustee | $41,651 | — | $41,651 |
| FUTURE CAPITAL | Investment Advisor | $33,556 | — | $33,556 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $75,207
- Estimated Expense Ratio: 0.761% 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 | $76,032 | $33,556 | — | — | — |
| 2023 | $65,852 | $27,827 | — | — | — |
| 2022 | $76,390 | — | $76,390 | — | — |