Plan Snapshot
- Plan Sponsor: Rio Mar Hospitality Management LLC
- Sponsor EIN: 661001258
- Sponsor Address: 6000 RIO MAR BOULEVARD, RIO GRANDE, PR, 00745
- Plan Type: DC
- Total Participants: 591
- Total Assets: $4.0M
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 | 591 | $4.0M | $343,828 | $599,141 |
| 2023 | 623 | $2.8M | $327,888 | $492,927 |
| 2022 | 423 | $1.7M | $105,615 | $157,699 |
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 |
|---|---|---|---|---|
| BENEFIT PLANS ADMIN SERVICES, INC. | N/A | $24,962 | — | $24,962 |
| MASS MUTUAL | N/A | $10,475 | — | $10,475 |
| LANDA UMPIERRE | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BENEFIT PLANS ADMIN SERVICES, INC. — N/A
- LANDA UMPIERRE — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $35,437
- Estimated Expense Ratio: 0.887% 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 | $35,437 | — | $24,962 | — | — |
| 2023 | $15,046 | $2,242 | $9,362 | — | — |
| 2022 | $4,001 | $707 | $3,294 | — | — |