Plan Ledger DOL Form 5500 · updated monthly

Programa Head Start Iglesia Bautista de QuintanaMoney purchase plan

PROGRAMA HEAD START IGLESIA BAUTISTA DE QUINTANA RETIREMENT PLAN TRUST · SAN JUAN, PR · plan year 2024

Reported admin expense ratio · 2024
1.11%

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

Programa Head Start Iglesia Bautista de Quintana reported $48,034 in plan administrative expenses for 2024: 1.11% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,904 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 rose from 0.99% to 1.11%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in PR (182nd of 323), and 8,036th of 11,911 in health care & social assistance. In 2024, the employer put in $3.76 for every $1.00 employees contributed themselves; active participation has grown from 308 to 364 since 2022.

Plan summary
Net assets, end of year$4,764,980
Participants with balances364
Active participants364
Employer contributions$692,955
Employee contributions$184,450
Employer contribution per active participant$1,904
Average account balance$13,091
Benefits paid to participants$326,136
Plan auditUnmodified (clean) audit opinion
AuditorAJ HERNANDEZ & CO., CPA PSC
Plan history3
Yearassets · accounts · employer contribution
2024$4.8M · 364 accts · $693K emplr
2023$3.9M · 349 accts · $656K emplr
2022$3.1M · 308 accts · $594K emplr
Employer contributions to the Programa Head Start Iglesia Bautista de Quintana plan · 2024
Employer contribution per active participant$1,904
Median for plans this size$1,313
2024$1,904 per active participant
2023$1,880 per active participant
2022$1,930 per active participant

Programa Head Start Iglesia Bautista de Quintana's 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20246
GUSTAVO VELEZ PIZARRO$20,007
MAYTZA CAMACHO DBA RETIREMENT LEGAC · Contract administrator$14,816
JOSE CRUZ ALVERIO$8,936
EMPOWER ADVISORY GROUP LLC · Investment management$5,399
LEAFHOUSE FINANCIAL ADVISORS, LLC$2,174

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$48,034 · 1.11%
2023$35,049 · 1.01%
2022$30,761 · 0.99%
Similar plansHealth Care & Social Assistance · PR
Neomed Center Inc PR$5.6M · 1.30%
Gvs Puerto Rico, LLC PR$5.2M · 0.32%
Home Orthopedics Corp PR$4.5M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 660264067 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.