Inter American University of PR 401(k) Review & Grade
Inter American University of PR Defined Contribution Retirement Plan
San Juan, PREducational Services1,538 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,769Employer $ per active participant
$2,489Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$199.1MNet plan assets, end of year
$94,272Average balance per account
Score breakdown
- Employer generosity33.9 / 5068th percentile for employer $ per participant
- Low cost24.2 / 2597th percentile for low admin cost vs. same-size plans
- Employee saving6.7 / 1545th 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 score60 / 100 · Grade B
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 68th |
| Lower admin cost | 97th |
| Employee saving | 45th |
| Peers that auto-enroll | 37% |
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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
- Inter American University of PR put in about $1,769 per active participant, more than the typical peer ($1,225). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 | $2,721,250 |
| Participant (employee) contributions | $3,828,713 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $26,104 |
| Benefits paid out | $16,676,096 |
| Net assets, start / end of year | $187.6M / $199.1M |
| Active participants, start / end of year | 1,552 / 1,525 |
| Participants with account balances | 2,112 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Galindez LLC |
Largest service providers (Schedule C)
| Tiaa | $26,104 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731140934NAL0006168625001, received 2025-07-31, EIN 66-0177776, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.