Plan Ledger DOL Form 5500 · updated monthly

Boys & Girls Clubs of Puerto RicoProfit-sharing plan

BOYS & GIRLS CLUBS OF PUERTO RICO RETIREMENT PLAN · CAROLINA, PR · plan year 2024

Reported admin expense ratio · 2024
1.24%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Boys & Girls Clubs of Puerto Rico reported $44,511 in plan administrative expenses for 2024: 1.24% of average plan assets, higher than ~90% of peers. Employer contributions averaged $612 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 1.24%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in PR (201st of 323), and 2,480th of 3,341 in other services. In 2024, employees put in $1.68 for every $1.00 the employer contributed; active participation has grown from 258 to 336 since 2022.

Plan summary
Net assets, end of year$3,920,522
Participants with balances503
Active participants336
Employer contributions$205,734
Employee contributions$346,078
Employer contribution per active participant$612
Average account balance$7,794
Benefits paid to participants$238,509
Plan auditUnmodified (clean) audit opinion
AuditorJORGE RODRIGUEZ, CPA
Plan history3
Yearassets · accounts · employer contribution
2024$3.9M · 503 accts · $206K emplr
2023$3.3M · 419 accts · $189K emplr
2022$2.5M · 364 accts · $151K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,931
Investment management$21,264
Trustee / custodial$5,316
Total administrative$44,511
Employer contributions to the Boys & Girls Clubs of Puerto Rico plan · 2024
Employer contribution per active participant$612
Median for plans this size$1,313
2024$612 per active participant
2023$655 per active participant
2022$586 per active participant

Boys & Girls Clubs of Puerto Rico's 2024 employer contribution ran below the $1,313 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.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
BENEFIT PLANS ADMIN SERVICES, INC. · Recordkeeping · Loan processing$17,931
KOVACK ADVISORS, INC. · Consulting · Investment advisory (plan)$21,264
BPAS TRUST COMPANY OF PUERTO RICO · Custodial (securities) · Trustee$5,316

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024BENEFIT PLANS ADMIN SERVICES, INC.
2023BENEFIT PLANS ADMIN SERVICES, INC.

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$44,511 · 1.24%
2023$37,883 · 1.32%
2022$26,414 · 1.20%
Same employer
Similar plansOther Services · PR
Ricoh Puerto Rico, Inc. PR$23.7M · 0.04%
Cossma, Inc. PR$14.8M · 0.77%
Empresas Berrios, Inc. PR$9.0M · 1.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 660327584 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.