What are the fees in the Retail Contractors of Puerto Rico, Inc. 401(k) plan?

For plan year 2022, Retail Contractors of Puerto Rico, Inc. reported $600 in plan administrative expenses, or 0.04% of average plan assets — lower than ~75% of peers. Fund-level expense ratios are not included in public filings.

What is the Retail Contractors of Puerto Rico, Inc. 401(k) match?

In 2022, employer contributions to the Retail Contractors of Puerto Rico, Inc. plan averaged $580 per active participant, below the $1,114 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Retail Contractors of Puerto Rico, Inc. 401(k)?

The average participant account balance was $46,559 for plan year 2022, based on 36 accounts.

Retail Contractors of Puerto Rico, Inc.401(k)

Name: Retail Contractors of Puerto Rico, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

RETAIL CONTRACTORS OF PUERTO RICO, INC. 401(K) PLAN · MARINE CITY, MI · plan year 2022

Reported admin expense ratio · 2022

0.04%

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

Retail Contractors of Puerto Rico, Inc. reported $600 in plan administrative expenses for 2022: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $580 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Michigan (2,411th of 2,619), and 4,924th of 5,337 in construction. In 2022, employees put in $3.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,676,127
Participants with balances36
Active participants172
Employer contributions$99,709
Employee contributions$305,649
Employer contribution per active participant$580
Average account balance$46,559
Benefits paid to participants$72,668
Plan auditUnmodified (clean) audit opinion
AuditorSWAD & COMPANY

The Retail Contractors of Puerto Rico, Inc. 401(k) match · 2022

Employer contribution per active participant$580

Median for plans this size$1,114

Retail Contractors of Puerto Rico, Inc.'s 2022 employer contribution ran below the $1,114 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

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$600 · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200041545 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.