Plan Snapshot
- Plan Sponsor: Worldnet Telecommunications LLC.
- Sponsor EIN: 660530841
- Sponsor Address: 90 CARRETERA 165 SUITE 201, GUAYNABO, PR, 00968
- Plan Type: 401(k)
- Total Participants: 194
- Total Assets: $10.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 194 | $10.2M | $358,666 | $549,720 |
| 2023 | 168 | $8.7M | $351,058 | $545,503 |
| 2022 | 165 | $7.1M | $341,932 | $516,559 |
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 |
|---|---|---|---|---|
| SHARON GONZALEZ CPAS LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $54,350 | — | $54,350 | — | — |
| 2023 | $45,013 | — | $45,013 | — | — |
| 2022 | $43,063 | — | $43,063 | — | — |