Plan Snapshot
- Plan Sponsor: General Insurance Brokers
- Sponsor EIN: 660448501
- Sponsor Address: AVE ROOSEVELT 1510, GUAYNABO, PR, 00968
- Plan Type: DC
- Plan Number: 001
- Total Participants: 16
- Total Assets: $583,392
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 | 16 | $583,392 | $19,212 | $63,874 |
| 2023 | 17 | $450,676 | $16,266 | $51,100 |
| 2022 | 13 | $324,597 | $13,454 | $45,628 |
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 | $7,465 | — | $7,465 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $7,465
- Estimated Expense Ratio: 1.280% 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 | $18,732 | — | — | — | — |
| 2023 | $6,487 | — | — | — | — |
| 2022 | — | — | — | — | — |