Plan Ledger DOL Form 5500 · updated monthly

Abarca Health LLCProfit-sharing plan

ABARCA HEALTH SAVINGS & RETIREMENT PLAN · SAN JUAN, PR · plan year 2024

Employer contribution per participant · 2024
$1,119

Abarca Health LLC's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $13,449,330 across 473 participant accounts, with employer contributions averaging $1,119 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio fell from 0.25% to 0.10%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 99th-largest of 323 plans among PR employers on file, and the 4,815th of 11,911 in health care & social assistance. In 2024, employees put in $2.75 for every $1.00 the employer contributed; active participation has grown from 385 to 540 since 2022.

Plan summary
Net assets, end of year$13,449,330
Participants with balances473
Active participants540
Employer contributions$604,440
Employee contributions$1,660,124
Employer contribution per active participant$1,119
Average account balance$28,434
Benefits paid to participants$303,902
Plan auditUnmodified (clean) audit opinion
AuditorDE ANGEL & COMPANIA CPA, LLC.
Plan history3
Yearassets · accounts · employer contribution
2024$13.4M · 473 accts · $604K emplr
2023$9.7M · 358 accts · $399K emplr
2022$6.6M · 318 accts · $495K emplr
Employer contributions to the Abarca Health LLC plan · 2024
Employer contribution per active participant$1,119
Median for plans this size$2,416
2024$1,119 per active participant
2023$846 per active participant
2022$1,285 per active participant

Abarca Health LLC's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

Administrative cost history3
2024Not separately reported
2023$8,477 · 0.10%
2022$16,097 · 0.25%
Same employer
Similar plansHealth Care & Social Assistance · PR
Hospital General Menonita PR$36.4M · 0.45%
Fenwal International, Inc. PR$29.3M · 0.56%
Abarca Health Fl LLC PR$8.7M · 0.90%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 660742627 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.