Plan Snapshot
- Plan Sponsor: Empresas Berrios, INC.
- Sponsor EIN: 660580021
- Sponsor Address: PO BOX 674, CIDRA, PR, 00739
- Plan Type: DC
- Total Participants: 696
- Total Assets: $9.0M
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 | 696 | $9.0M | $104,825 | $815,415 |
| 2023 | 687 | $7.7M | $89,089 | $688,879 |
| 2022 | 641 | $6.5M | $80,158 | $606,176 |
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 |
|---|---|---|---|---|
| INDEPENDENT FINANCIAL GROUP LLC | Investment Advisor | $27,331 | — | $27,331 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $26,738 | — | $26,738 |
| EMPOWER ADVISORY GROUP | Investment Advisor | $26,175 | — | $26,175 |
| PARITER SECURITIES | Investment Advisor | $11,712 | — | $11,712 |
| A & A EMPLOYEE BENEFITS CONSULTING | Other Service Provider | — | $7,808 | $7,808 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $99,764
- Estimated Expense Ratio: 1.109% 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 | $91,095 | — | — | — | — |
| 2023 | $77,189 | — | — | — | — |
| 2022 | $75,578 | — | — | — | — |