Plan Snapshot
- Plan Sponsor: Partners Business Services, LLC
- Sponsor EIN: 660724522
- Sponsor Address: PO BOX 363908, SAN JUAN, PR, 009363908
- Plan Type: DC
- Total Participants: 92
- Total Assets: $5.0M
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 | 92 | $5.0M | $192,707 | $162,593 |
| 2023 | 77 | $5.0M | $154,964 | $179,194 |
| 2022 | 73 | $5.1M | $173,340 | $175,161 |
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 SECURITIES, INC. | Other Service Provider | — | $22,795 | $22,795 |
| BPPR - POPULAR FIDUCIARY SERVICES | Recordkeeper | $2,600 | $3,066 | $5,666 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $28,461
- Estimated Expense Ratio: 0.569% 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 | $2,600 | — | — | — | — |
| 2023 | $1,400 | — | — | — | — |
| 2022 | $2,000 | — | — | — | $2,000 |