Plan Snapshot
- Plan Sponsor: Lord Electric Company Of Puerto Ric , INC.
- Sponsor EIN: 660663585
- Sponsor Address: PO BOX 363408, SAN JUAN, PR, 009363408
- Plan Type: DC
- Total Participants: 101
- Total Assets: $14.0M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 101 | $14.0M | $574,879 | $451,796 |
| 2023 | 93 | $11.6M | $81,998 | $404,982 |
| 2022 | 79 | $9.6M | $454,485 | $358,690 |
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 INS. CO. OF AMERICA | RECORD KEEPER | $86,996 | — | $86,996 |
| RODRIGUEZ TORRES | INVESTMENT ADVISOR | $19,320 | — | $19,320 |
| ORIENTAL BANK & TRUST | OTHER | $19,102 | — | $19,102 |
| MMLIS | BROKER/ ADVISOR | — | $11,731 | $11,731 |
| FPV & GALINDEZ | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FPV & GALINDEZ — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $137,149
- Estimated Expense Ratio: 0.979% 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 | $66,943 | — | — | — | — |
| 2023 | $69,027 | — | — | — | — |
| 2022 | $88,858 | $60,614 | $11,652 | — | — |