Plan Snapshot
- Plan Sponsor: Neomed Center INC
- Sponsor EIN: 660485440
- Sponsor Address: PO BOX 1277, GURABO, PR, 00778
- Plan Type: DC
- Total Participants: 419
- Total Assets: $5.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 419 | $5.6M | $702,032 | $684,392 |
| 2023 | 327 | $4.0M | $642,385 | $559,150 |
| 2022 | 277 | $2.3M | $484,785 | $481,254 |
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 |
|---|---|---|---|---|
| POPULAR SECURITIES LLC | INVESTMENT ADVISOR | $23,387 | — | $23,387 |
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $21,227 | — | $21,227 |
| PENSION ADMINISTRATORS GROUP, INC. | CONTRACT ADMIN | $16,371 | $2,337 | $18,708 |
| RRC CPA GROUP, PSC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RRC CPA GROUP, PSC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $63,322
- Estimated Expense Ratio: 1.135% 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 | $62,214 | — | — | — | — |
| 2023 | $36,660 | — | — | — | — |
| 2022 | $299 | — | — | — | — |