Plan Ledger DOL Form 5500 · updated monthly

Programa Head Start Municipio de OrocovisProfit-sharing plan

PROGRAMA HEAD START MUNICIPIO DE OROCOVIS 1081.01(D) SALARY DEFERRAL RETIREMENT PLAN · OROCOVIS, PR · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Programa Head Start Municipio de Orocovis reported $4,272 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $266 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 0.15% to 0.24%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in PR (252nd of 323), and 2,875th of 3,091 in educational services. In 2024, employees put in $2.88 for every $1.00 the employer contributed; active participation has shrunk from 299 to 247 since 2022.

Plan summary
Net assets, end of year$1,868,518
Participants with balances247
Active participants247
Employer contributions$65,625
Employee contributions$189,121
Employer contribution per active participant$266
Average account balance$7,565
Benefits paid to participants$181,060
Plan auditUnmodified (clean) audit opinion
AuditorLUIS CANDELARIO ROSARIO CPA
Plan history3
Yearassets · accounts · employer contribution
2024$1.9M · 247 accts · $66K emplr
2023$1.8M · 278 accts · $68K emplr
2022$1.7M · 300 accts · $76K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,272
Total administrative$4,272
Employer contributions to the Programa Head Start Municipio de Orocovis plan · 2024
Employer contribution per active participant$266
Median for plans this size$1,313
2024$266 per active participant
2023$246 per active participant
2022$254 per active participant

Programa Head Start Municipio de Orocovis'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 · 20244
THE 401K COMPANY OF PUERTO RICO INC · Plan administrator · Recordkeeping$1,363
NATIONWIDE LIFE INSURANCE COMPANY · Recordkeeping · Investment advisory (participants)$332
NATIONWIDE PLANNING ASSOCIATESindirect comp
LUIS CANDELARIO ROSARIO CPA · Accounting / auditindirect comp

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

Recordkeeper by year2
2024Nationwide, THE 401K COMPANY OF PUERTO RICO INC
2023Nationwide, THE 401K COMPANY OF PUERTO RICO INC

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

Administrative cost history3
2024$4,272 · 0.24%
2023$6,000 · 0.35%
2022$3,000 · 0.15%
Similar plansEducational Services · PR

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Source: U.S. Department of Labor, Form 5500 series, EIN 660433491 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.