Plan Ledger DOL Form 5500 · updated monthly

Rent Express by Berrios, Inc.401(k)

RENT EXPRESS RETIREMENT & SAVINGS PLAN · CIDRA, PR · plan year 2024

Reported admin expense ratio · 2024
2.18%

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

Rent Express by Berrios, Inc. reported $11,275 in plan administrative expenses for 2024: 2.18% of average plan assets, above the peer median. Employer contributions averaged $135 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 2.18%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in PR (296th of 323), and 3,166th of 3,341 in other services. In 2024, employees put in $4.18 for every $1.00 the employer contributed; active participation has grown from 144 to 168 since 2022.

Plan summary
Net assets, end of year$568,207
Participants with balances211
Active participants168
Employer contributions$22,622
Employee contributions$94,527
Employer contribution per active participant$135
Average account balance$2,693
Benefits paid to participants$73,143
Plan auditUnmodified (clean) audit opinion
AuditorTORRES, HERNANDEZ & PUNTER, CPA, PS
Plan history3
Yearassets · accounts · employer contribution
2024$568K · 211 accts · $23K emplr
2023$467K · 196 accts · $22K emplr
2022$324K · 161 accts · $22K emplr
The Rent Express by Berrios, Inc. 401(k) match · 2024
Employer contribution per active participant$135
Median for plans this size$540
2024$135 per active participant
2023$145 per active participant
2022$153 per active participant

Rent Express by Berrios, Inc.'s 2024 employer contribution ran below the $540 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
INDEPENDENT FINANCIAL GROUP LLC · Investment advisory (plan)$2,517
ABARCA & ASSOCIATES PSC · Contract administrator$1,200
EMPOWER ADVISORY GROUP, LLC · Investment management$47

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$11,275 · 2.18%
2023$8,611 · 2.18%
2022$6,446 · 2.21%
Same employer
Similar plansOther Services · PR
Empresas Berrios, Inc. PR$9.0M · 1.09%
Hello Alfred NY$582K · 0.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 660679566 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.