Caribe Pharmacy Holdings LLC 401(k) Review & Grade
Caribe Pharmacy Savings and Retirement Plan
Bayamon, PRProfessional, Scientific & Technical Services1,136 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$179Employer $ per active participant
$376Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$3.2MNet plan assets, end of year
$3,240Average balance per account
Score breakdown
- Employer generosity4.3 / 509th percentile for employer $ per participant
- Low cost12.8 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving0.4 / 153th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-5 pts1 issue reported on the filing
Total score13 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 9th |
| Lower admin cost | 51th |
| Employee saving | 3th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No fidelity bond: the plan reported it was not covered by a fidelity bond, which protects participants against theft.
What to do if you're in this plan
- Caribe Pharmacy Holdings put in about $179 per active participant, below the typical peer ($3,082). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $203,343 |
| Participant (employee) contributions | $426,706 |
| Other contributions (incl. rollovers in) | $2,367,687 |
| Administrative expenses paid from the plan | $7,101 |
| Other admin expenses | $7,101 |
| Benefits paid out | $68,571 |
| Net assets, start / end of year | $0 / $3.2M |
| Active participants, start / end of year | 0 / 1,136 |
| Participants with account balances | 989 |
| Auto-enrollment (feature code 2S) | Not reported |
Largest service providers (Schedule C)
| A & a Employee Benefits Consulting | $6,451 reported compensation |
| Onedigital Investment Advisors LLC | $5,430 reported compensation |
| Empower Annuity Insurance Company | $1,830 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260820041910NAL0014305331001, received 2026-08-20, EIN 66-1015695, plan #001, plan year 2024-07-01 to 2024-12-31. Verify at efast.dol.gov.