Hospital Episcopal San Lucas Ponce 401(k) Review & Grade
Plan De Retiro San Lucas
Ponce, PRHealth Care & Social Assistance773 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$285Employer $ per active participant
$578Employee $ saved per active participant
3.97%Direct admin cost, % of plan assets
$1.5MNet plan assets, end of year
$1,969Average balance per account
Score breakdown
- Employer generosity12.7 / 5025th percentile for employer $ per participant
- Low cost0.1 / 250th percentile for low admin cost vs. same-size plans
- Employee saving1.9 / 1513th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score15 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 0th |
| Employee saving | 13th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Hospital Episcopal San Lucas Ponce put in about $285 per active participant, below the typical peer ($976). 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 (3.97% 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 | $220,453 |
| Participant (employee) contributions | $446,877 |
| Other contributions (incl. rollovers in) | $33,860 |
| Administrative expenses paid from the plan | $42,721 |
| Other admin expenses | $42,721 |
| Benefits paid out | $14,366 |
| Net assets, start / end of year | $692,356 / $1.5M |
| Active participants, start / end of year | 529 / 1,017 |
| Participants with account balances | 742 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RRC CPA Group PSC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $31,197 reported compensation |
| Cybele Capital Management LLC | $7,870 reported compensation |
| Kovac Advisors Inc | $2,211 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015051501NAL0001910243001, received 2025-10-15, EIN 66-0589727, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.