Empresas Berrios, Inc. 401(k) Review & Grade
Mueblerias Berrios Retirement Plan
Cidra, PROther Services692 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$152Employer $ per active participant
$1,179Employee $ saved per active participant
1.09%Direct admin cost, % of plan assets
$9.0MNet plan assets, end of year
$13,795Average balance per account
Score breakdown
- Employer generosity6.2 / 5012th percentile for employer $ per participant
- Low cost1.4 / 256th percentile for low admin cost vs. same-size plans
- Employee saving4.4 / 1529th 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 score7 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 6th |
| Employee saving | 29th |
| Peers that auto-enroll | 40% |
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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
- Empresas Berrios put in about $152 per active participant, below the typical peer ($1,257). 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.
- Direct plan expenses (1.09% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $104,825 |
| Participant (employee) contributions | $815,415 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $91,095 |
| Other admin expenses | $91,095 |
| Benefits paid out | $274,858 |
| Net assets, start / end of year | $7.7M / $9.0M |
| Active participants, start / end of year | 687 / 696 |
| Participants with account balances | 652 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Torre Hernandez & Punter PSC |
Largest service providers (Schedule C)
| Independent Financial Group LLC | $27,331 reported compensation |
| Empower Annuity Insurance Company | $26,738 reported compensation |
| Empower Advisory Group | $26,175 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008091707NAL0005611521001, received 2025-10-08, EIN 66-0580021, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.