Plan Ledger DOL Form 5500 · updated monthly

Cooperativa de Ahorro Y Credito Las PiedrasProfit-sharing plan

COOPERATIVA DE AHORRO Y CREDITO DE LAS PIEDRAS RETIREMENT PLAN · LAS PIEDRAS, PR · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Cooperativa de Ahorro Y Credito Las Piedras reported $19,602 in plan administrative expenses for 2024: 0.32% of average plan assets, below the peer median. Employer contributions averaged $2,741 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 2 years on file its reported administrative ratio fell from 0.78% to 0.32%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is the 156th-largest of 323 plans among PR employers on file, and 4,313th of 4,798 in finance & insurance. In 2024, the employer put in $1.21 for every $1.00 employees contributed themselves; active participation has grown from 139 to 156 since 2022.

Plan summary
Net assets, end of year$6,609,872
Participants with balances156
Active participants156
Employer contributions$427,532
Employee contributions$353,206
Employer contribution per active participant$2,741
Average account balance$42,371
Benefits paid to participants$323,535
Plan auditUnmodified (clean) audit opinion
AuditorLUIS CANDELARIO ROSARIO
Plan history3
Yearassets · accounts · employer contribution
2024$6.6M · 156 accts · $428K emplr
2023$5.6M · 139 accts · $341K emplr
2022$4.6M · 139 accts · $349K emplr
Employer contributions to the Cooperativa de Ahorro Y Credito Las Piedras plan · 2024
Employer contribution per active participant$2,741
Median for plans this size$1,313
2024$2,741 per active participant
2023$2,451 per active participant
2022$2,510 per active participant

Cooperativa de Ahorro Y Credito Las Piedras's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20245
NATIONWIDE PLANNING ASSOCIATES · Investment advisory (plan)$12,295
THE 401K COMPANY OF PUERTO RICO INC · Contract administrator$8,409
LUIS CANDELARIO ROSARIO · Accounting / audit$4,000
NATIONWIDE PLANNING ASSOCIATESindirect comp

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

Administrative cost history3
2024$19,602 · 0.32%
2023$42,920 · 0.84%
2022$40,783 · 0.78%
Similar plansFinance & Insurance · PR
Alight Solutions Caribe PR$8.5M · 0.30%
Triple-S Salud PR$6.0M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 660313273 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.