# First Medical Health Plan, INC DC Plan
Source: https://planprovider.pro/companies/first-medical-health-plan-inc-plan-001

> First Medical Health Plan, INC's DC plan: 727 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** First Medical Health Plan, INC

- **Sponsor EIN:** 660537624

- **Sponsor Address:** PO BOX 191580, SAN JUAN, PR, 009191580

- **Plan Type:** DC

- **Total Participants:** 727

- **Total Assets:** $19.7M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **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|727|$19.7M|$577,651|$1.4M|

| 2023|758|$15.9M|$558,786|$1.3M|

| 2022|818|$12.4M|$528,843|$1.2M|

## 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|

| BPPR - POPULAR FIDUCIARY SERVICES|TRUSTEE & RK|$15,865|$7,915|$23,780|

| CENTENO FIGUEROA & CO|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $23,780

- **Estimated Expense Ratio:** 0.121% 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|$16,749|—|—|—|—|

| 2023|$84,311|—|—|—|—|

| 2022|$77,888|—|—|—|—|

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