Plan Snapshot
- Plan Sponsor: Hospital Damas, INC.
- Sponsor EIN: 660183310
- Sponsor Address: 2213 PONCE BY PASS, PONCE, PR, 007171318
- Plan Type: DC
- Total Participants: 617
- Total Assets: $7.9M
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 | 617 | $7.9M | $47,108 | $383,589 |
| 2023 | 636 | $7.4M | $48,150 | $381,370 |
| 2022 | 700 | $6.7M | $48,938 | $410,601 |
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 CO | RECORDKEEPER | $60,389 | — | $60,389 |
| ONEDIGITAL INVESTMENT ADVISORS LLC | INVESTMENT ADVISOR | $55,017 | — | $55,017 |
| A & A EMPLOYEE BENEFITS CONSULTING | CONTRACT ADMIN | — | $7,643 | $7,643 |
| GALINDEZ LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ONEDIGITAL INVESTMENT ADVISORS LLC — INVESTMENT ADVISOR
- GALINDEZ LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $123,049
- Estimated Expense Ratio: 1.548% 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 | $113,066 | — | — | — | — |
| 2023 | $106,800 | — | — | — | — |
| 2022 | $127,398 | — | — | — | — |