Plan Snapshot
- Plan Sponsor: Cooperativa De Seguros Multiples De Puerto Rico
- Sponsor EIN: 660257478
- Sponsor Address: DEPT RECURSOS HUMANOS, SAN JUAN, PR, 009363846
- Plan Type: DC
- Total Participants: 523
- Total Assets: $20.8M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 523 | $20.8M | $998,448 | $1.5M |
| 2023 | 507 | $16.7M | $933,336 | $1.3M |
| 2022 | 447 | $13.5M | $835,918 | $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 |
|---|---|---|---|---|
| POPULAR INC. | TRUSTEE & RK | $21,179 | $1,750 | $22,929 |
| DRIVEN, PSC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DRIVEN, PSC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $22,929
- Estimated Expense Ratio: 0.110% 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 | $21,179 | — | — | — | — |
| 2023 | $18,534 | — | — | — | — |
| 2022 | $17,427 | — | — | — | — |