Plan Snapshot
- Plan Sponsor: South American Restaurants Corp.
- Sponsor EIN: 660357499
- Sponsor Address: PO BOX 360597, SAN JUAN, PR, 009360597
- Plan Type: DC
- Plan Number: 002
- Total Participants: 3,276
- Total Assets: $29.9M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 3,276 | $29.9M | $0 | $0 |
| 2024 | 3,006 | $24.7M | $857,312 | $1.5M |
| 2023 | 4,501 | $22.8M | $940,970 | $1.4M |
| 2022 | 2,002 | $19.3M | $879,088 | $1.4M |
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 |
|---|---|---|---|---|
| NPPG RECORD KEEPING SOLUTIONS | Recordkeeper | $24,737 | — | $24,737 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $24,737
- Estimated Expense Ratio: 0.083% 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 |
|---|---|---|---|---|---|
| 2025 | $1,586,551 | — | — | — | — |
| 2024 | $61,057 | — | — | — | — |
| 2023 | $14,091 | — | — | — | — |
| 2022 | $51,826 | — | $51,826 | — | — |