Plan Snapshot
- Plan Sponsor: Mapfre Praico Corporation .
- Sponsor EIN: 660781080
- Sponsor Address: PO BOX 70333, SAN JUAN, PR, 009368333
- Plan Type: DC
- Total Participants: 504
- Total Assets: $70.4M
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 | 504 | $70.4M | $1.9M | $1.9M |
| 2023 | 509 | $64.8M | $2.0M | $2.1M |
| 2022 | 518 | $57.7M | $2.0M | $2.1M |
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 | 12B 1 FEES | — | $12,503 | $12,503 |
| RSM PUERTO RICO | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $12,503
- Estimated Expense Ratio: 0.018% 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 | $40,206 | — | — | — | — |
| 2023 | $68,999 | — | — | — | — |
| 2022 | $107,639 | — | — | — | — |