Plan Snapshot
- Plan Sponsor: Migrant Health Center Western Region INC
- Sponsor EIN: 660427801
- Sponsor Address: PO BOX 190, MAYAGUEZ, PR, 00681
- Plan Type: 401(k)
- Total Participants: 617
- Total Assets: $14.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 617 | $14.1M | $701,632 | $806,597 |
| 2023 | 554 | $12.0M | $597,241 | $666,097 |
| 2022 | 556 | $10.0M | $505,983 | $573,317 |
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 COMPANY O | RECORDKEEPER | $85,983 | — | $85,983 |
| OSAIC FS INC | BROKER ADVISOR | — | $47,730 | $47,730 |
| LEAFHOUSE FINANCIAL ADVISOR LLC | INV ADVISOR | $6,432 | — | $6,432 |
| PKF PR LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $140,145
- Estimated Expense Ratio: 0.993% 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 | $82,957 | — | — | — | — |
| 2023 | $69,734 | — | $69,734 | — | — |
| 2022 | $70,184 | — | — | — | — |