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: 1,291
- Total Assets: $797.4M
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 | 1,291 | $797.4M | $46.6M | $0 |
| 2023 | 1,468 | $800.4M | $0 | $0 |
| 2022 | 1,638 | $857.6M | $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 | $1,099,045 | — | $1,099,045 |
| KBI GLOBAL INVESTORS | NONE | $630,488 | — | $630,488 |
| PIMCO | NONE | $386,482 | — | $386,482 |
| MERCER | NONE | $376,212 | — | $376,212 |
| JPMORGAN CHASE BANK, N.A. | NONE | $321,055 | $43,508 | $364,563 |
| BANCO POPULAR DE PUERTO RICO | NONE | $302,960 | — | $302,960 |
| MERCER | NONE | $268,900 | — | $268,900 |
| DRIVEN PSC | NONE | $19,533 | — | $19,533 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JPMORGAN CHASE BANK, N.A. — NONE
- DRIVEN PSC — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,448,183
- Estimated Expense Ratio: 0.432% 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 | $9,081,306 | $2,384,915 | — | $19,533 | — |
| 2023 | $9,495,567 | $2,439,541 | — | $16,029 | — |
| 2022 | $9,144,433 | $2,468,630 | — | — | $394,271 |