Plan Ledger DOL Form 5500 · updated monthly

Caribe Physicians Plaza Corporation401(k)

CARIBBEAN MEDICAL CENTER 1081.01(D) RETIREMENT PLAN · FAJARDO, PR · plan year 2021

Reported admin expense ratio · 2021
2.66%

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

Caribe Physicians Plaza Corporation reported $10,068 in plan administrative expenses for 2021: 2.66% of average plan assets, higher than ~90% of peers. Employer contributions averaged $333 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 2.10%. The plan sits in the under $1M size bracket, benchmarked here against 93 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in PR (305th of 323), and 11,431st of 11,911 in health care & social assistance. In 2021, the employer put in $1.25 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$429,913
Participants with balances67
Active participants150
Employer contributions$50,000
Employee contributions$40,159
Employer contribution per active participant$333
Average account balance$6,417
Benefits paid to participants$15,870
Plan auditUnmodified (clean) audit opinion
Plan history6
Yearassets · accounts · employer contribution
2022$399K · 76 accts
2021$430K · 67 accts · $50K emplr
2020$326K · 53 accts · $50K emplr
2019$222K · 53 accts · $51K emplr
2018$128K · 53 accts · $51K emplr
2017$50K · 44 accts · $50K emplr
Administrative expenses, itemized · 2021
Recordkeeping & contract admin$7,915
Total administrative$10,068
The Caribe Physicians Plaza Corporation 401(k) match · 2021
Employer contribution per active participant$333
Median for plans this size$275
2021$333 per active participant
2020$336 per active participant
2019$359 per active participant
2018$335 per active participant
2017$362 per active participant

Caribe Physicians Plaza Corporation's 2021 employer contribution ran above the $275 median for plans its size. 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 2021 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history6
2022$8,722 · 2.10%
2021$10,068 · 2.66%
2020$5,521 · 2.02%
2019Not separately reported
2018Not separately reported
2017Not separately reported
Similar plansHealth Care & Social Assistance · PR

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Source: U.S. Department of Labor, Form 5500 series, EIN 660559417 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.