Plan Snapshot
- Plan Sponsor: Garage Isla Verde LLC
- Sponsor EIN: 660293529
- Sponsor Address: RR1, CAROLINA, PR, 00979
- Plan Type: DC
- Total Participants: 131
- Total Assets: $8.5M
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 | 131 | $8.5M | $120,772 | $597,315 |
| 2023 | 124 | $7.8M | $101,593 | $597,777 |
| 2022 | 131 | $6.3M | $610,135 | $108,485 |
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 | $28,136 | — | $28,136 |
| UBS FINANCIAL SERVICES INC | Investment Advisor | $26,938 | — | $26,938 |
| PENSION ADMINISTRATORS GROUP INC | Other Service Provider | $8,959 | — | $8,959 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $64,033
- Estimated Expense Ratio: 0.750% 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 | $59,273 | — | $59,273 | — | — |
| 2023 | $52,733 | — | $52,733 | — | — |
| 2022 | $25,051 | — | — | — | $25,051 |