Plan Snapshot
- Plan Sponsor: Pac-Tech International, INC.
- Sponsor EIN: 660617213
- Sponsor Address: PO BOX 9046, CAROLINA, PR, 00988
- Plan Type: DC
- Plan Number: 001
- Total Participants: 236
- Total Assets: $2.3M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 236 | $2.3M | $195,283 | $254,991 |
| 2023 | 204 | $1.7M | $167,005 | $217,648 |
| 2022 | 196 | $1.1M | $149,327 | $195,979 |
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 |
|---|---|---|---|---|
| ORIENTAL BANK | Custodian / Trustee | $8,328 | — | $8,328 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $8,328
- Estimated Expense Ratio: 0.366% 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 | $8,728 | $8,728 | — | — | — |
| 2023 | $12,927 | — | — | — | — |
| 2022 | $8,376 | — | $8,376 | — | — |