Plan Snapshot
- Plan Sponsor: Lufthansa Technik Puerto Rico LLC
- Sponsor EIN: 660816974
- Sponsor Address: PO BOX 797, AGUADILLA, PR, 006900797
- Plan Type: DC
- Plan Number: 001
- Total Participants: 502
- Total Assets: $4.3M
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 | 502 | $4.3M | $560,602 | $685,405 |
| 2023 | 442 | $2.8M | $224,925 | $498,016 |
| 2022 | 395 | $1.8M | $187,325 | $420,563 |
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 | Recordkeeper | — | $13,706 | $13,706 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,706
- Estimated Expense Ratio: 0.319% 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 | $18,034 | — | — | — | — |
| 2023 | $2,210 | — | — | — | — |
| 2022 | $17,917 | — | — | — | $17,917 |