Subs Island Development Inc.401(k)
SUBS ISLAND DEVELOPMENT INC. RETIREMENT SAVINGS PLAN · SAN JUAN, PR · plan year 2024
Subs Island Development Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $959,764 across 130 participant accounts, with employer contributions averaging $152 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in PR (282nd of 323), and 4,968th of 5,215 in retail trade. In 2024, the employer put in $3.42 for every $1.00 employees contributed themselves; active participation has grown from 933 to 1,059 since 2022.
Subs Island Development 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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 660532842 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.