Plan Snapshot
- Plan Sponsor: Puerto Rico Science Technology And Reseach Trust
- Sponsor EIN: 660675963
- Sponsor Address: PO BOX 363475, SAN JUAN, PR, 009363475
- Plan Type: DC
- Total Participants: 269
- Total Assets: $3.3M
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 | 269 | $3.3M | $289,438 | $505,083 |
| 2023 | 200 | $2.3M | $237,824 | $411,609 |
| 2022 | 155 | $1.4M | $199,616 | $349,291 |
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 LIFE & ANNUITY INS. CO. OF | Recordkeeper | $31,930 | — | $31,930 |
| CONSULTIVA WEALTH MANAGEMENT CORP. | Investment Advisor | $13,942 | — | $13,942 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $45,872
- Estimated Expense Ratio: 1.375% 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 | $45,349 | — | $45,349 | — | — |
| 2023 | $32,311 | — | $32,311 | — | — |
| 2022 | $23,468 | — | $23,468 | — | — |