Plan Snapshot
- Plan Sponsor: Metro Mayaguez INC Dba Hospital Perea
- Sponsor EIN: 660677707
- Sponsor Address: PO BOX 170, MAYAGUEZ, PR, 00681
- Plan Type: DC
- Total Participants: 470
- Total Assets: $6.9M
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 | 470 | $6.9M | $110,676 | $470,079 |
| 2023 | 483 | $6.3M | $108,252 | $476,836 |
| 2022 | 423 | $5.3M | $103,778 | $463,684 |
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 | RK & TRUSTEE | $1,100 | $15,999 | $17,099 |
| GALINDEZ LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GALINDEZ LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $17,099
- Estimated Expense Ratio: 0.246% 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 | $1,100 | — | — | — | — |
| 2023 | $27,933 | — | — | — | — |
| 2022 | $19,942 | — | — | — | — |