Plan Snapshot
- Plan Sponsor: Cooperativa De Ahorro Y Credito De Arecibo
- Sponsor EIN: 660190521
- Sponsor Address: PO BOX 1056, ARECIBO, PR, 006131056
- Plan Type: DC
- Total Participants: 227
- Total Assets: $13.3M
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 | 227 | $13.3M | $460,051 | $476,324 |
| 2023 | 227 | $12.4M | $436,612 | $466,471 |
| 2022 | 211 | $9.8M | $402,209 | $432,841 |
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 COMPANY | RECORDKEEPER | $21,387 | — | $21,387 |
| B RILEY WEATH MANAGEMENT INC | OTHER | $17,220 | — | $17,220 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $10,200 | — | $10,200 |
| NPPG RECORD KEEPING SOLUTIONS | CONTRACT ADMIN | — | $5,000 | $5,000 |
| ORIENTAL BANK & TRUST | CONTRACT ADMIN | — | $5,000 | $5,000 |
| LANDA UMPIERRE PSC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LANDA UMPIERRE PSC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $58,807
- Estimated Expense Ratio: 0.441% 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 | $46,673 | — | $46,673 | — | — |
| 2023 | $39,024 | — | $39,024 | — | — |
| 2022 | $40,360 | — | $40,360 | — | — |