Plan Snapshot
- Plan Sponsor: Southwest Health Corporation (Hospi Tal San German, Cabo Rojo, Arecibo
- Sponsor EIN: 660558678
- Sponsor Address: PO BOX 63, SAN GERMAN, PR, 00683
- Plan Type: DC
- Total Participants: 379
- Total Assets: $2.4M
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 | 379 | $2.4M | $41,795 | $184,387 |
| 2023 | 470 | $2.3M | $41,842 | $185,091 |
| 2022 | 368 | $2.1M | $38,190 | $165,830 |
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 |
|---|---|---|---|---|
| BPPR - POPULAR FIDUCIARY SERVICES | RK/TRUSTEE FEES | $7,348 | $7,073 | $14,421 |
| GALINDEZ LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GALINDEZ LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $14,421
- Estimated Expense Ratio: 0.595% 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 | $7,348 | — | — | — | — |
| 2023 | $7,127 | — | — | — | — |
| 2022 | $21,313 | — | — | — | — |