Plan Snapshot
- Plan Sponsor: Wholesale Electric Caribe, INC.
- Sponsor EIN: 660571416
- Sponsor Address: PO BOX 2057, BARCELONETA, PR, 006172057
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 56
- Total Assets: $2.9M
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. |
|---|---|---|---|---|
| 2025 | 56 | $2.9M | $0 | $0 |
| 2024 | 87 | $2.5M | $5,301 | $95,142 |
| 2023 | 47 | $2.1M | $3,860 | $64,134 |
| 2022 | 33 | $1.8M | $76,287 | $70,922 |
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 |
|---|---|---|---|---|
| EMPOWER A.I.C.A | Recordkeeper | $23,952 | — | $23,952 |
| KOVACK SECURITIES INC | Investment Advisor | — | $10,284 | $10,284 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $34,236
- Estimated Expense Ratio: 1.181% 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 | $26,768 | — | — | — | — |
| 2024 | $59,968 | — | — | — | — |
| 2023 | $31,890 | — | — | — | — |
| 2022 | $7,242 | — | — | — | — |