Plan Snapshot
- Plan Sponsor: Puerto Rico Telephone Company
- Sponsor EIN: 660564397
- Sponsor Address: GPO BOX 360998, SAN JUAN, PR, 009360998
- Plan Type: DB
- Total Participants: 1
- Total Assets: $72.1M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1 | $72.1M | $0 | $0 |
| 2023 | 1 | $76.6M | $0 | $0 |
| 2022 | 1 | $50.1M | $0 | $0 |
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 |
|---|---|---|---|---|
| ALLIANCEBERNSTEIN L.P. | NONE | $99,084 | — | $99,084 |
| MERCER | NONE | $76,386 | — | $76,386 |
| KBI GLOBAL INVESTORS | NONE | $56,842 | — | $56,842 |
| PIMCO | NONE | $34,843 | — | $34,843 |
| JPMORGAN CHASE BANK, N.A. | NONE | $28,945 | $3,923 | $32,868 |
| BANCO POPULAR DE PUERTO RICO | NONE | $27,313 | — | $27,313 |
| MERCER | NONE | $24,243 | — | $24,243 |
| DRIVEN PSC | Auditor | $1,761 | — | $1,761 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JPMORGAN CHASE BANK, N.A. — NONE
- DRIVEN PSC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $353,340
- Estimated Expense Ratio: 0.490% 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 | $732,291 | $215,012 | — | $1,761 | — |
| 2023 | $1,053,173 | $146,021 | — | $959 | — |
| 2022 | $446,041 | $142,225 | — | — | $56,355 |