Puerto Rico › Finance and insurance › 500 to 999 participants
Form 5500 statement · plan year 1 Oct 2024 to 30 Sep 2025
I.L.A. Prssa Pension Plan
Sponsored by I.L.A. Prssa Pension Plan, San Juan, PR
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
I.L.A. Prssa Pension Plan is a defined benefit pension plan sponsored by I.L.A. Prssa Pension Plan of San Juan, Puerto Rico. For the plan year ending 30 Sep 2025 it reported 784 participants, and net assets of $108M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $138,044 per participant, well above the $86,583 median for defined benefit plans with 500 to 999 participants and above the $119,983 median for defined benefit plans in finance and insurance. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 5 service provider organisations paid $5,000 or more, with reported compensation of $139K: $177 per participant, well below the same-size median of $377. Administrative expenses charged to the plan were $743K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $64.7M in 2009 to $108M in 2024 (up 67%), and participants from 1,206 to 784 (down 35%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $138,044 | $86,583 | $119,983 | $86,221 |
| Employer contributions per active participant | — | $10,758 | $7,849 | $10,244 |
| Schedule C compensation per participant | $177 | $377 | $352 | $344 |
| Schedule C compensation, share of net assets | 0.13% | 0.48% | 0.32% | 0.42% |
| Administrative expenses per participant | $948 | $591 | $433 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 500 to 999 participants (873 plans), finance and insurance (690) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 784 | $108M | $138,045 | — | — | $139K |
| 2023 | 815 | $108M | $132,874 | — | — | $157K |
| 2022 | 834 | $103M | $123,560 | — | — | $221K |
| 2021 | 864 | $112M | $129,060 | — | — | $441K |
| 2020 | 895 | $126M | $140,353 | — | — | $726K |
| 2019 | 923 | $120M | $129,989 | — | — | $732K |
| 2018 | 948 | $125M | $132,177 | — | — | $388K |
| 2017 | 969 | $130M | $134,356 | — | — | $204K |
| 2016 | 1,015 | $138M | $135,529 | $12K | — | $137K |
| 2015 | 1,032 | $139M | $134,774 | $1,000 | — | $161K |
| 2014 | 1,091 | $146M | $133,611 | $82.8M | — | $157K |
| 2013 | 1,145 | $73.4M | $64,128 | $3.1M | — | $469K |
| 2012 | 1,162 | $75.5M | $64,978 | $3.2M | — | $462K |
| 2011 | 1,176 | $63.5M | $54,028 | $2.6M | — | $447K |
| 2010 | 1,198 | $59.3M | $49,482 | $2.5M | $0 | $513K |
| 2009 | 1,206 | $64.7M | $53,669 | $1.9M | $0 | $501K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$108,291,954
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$7,895,951
- Benefits paid$7,217,836
- Administrative expenses$743,306
- Total expenses$7,961,142
- Net income−$65,191
- Net transfers$0
- Net assets, end of year$108,226,763
Participants
- Active participants—
- Retired or separated, receiving benefits472
- Retired or separated, entitled to future benefits51
- Participants with account balances0
- Total participants, end of year784
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| The Segal Company | Actuarial | $54,079 | $0 |
| Crowe PR PSC | Accounting (including auditing) | $35,000 | $0 |
| Trucker Huss a Professional Company | Legal | $24,238 | $0 |
| Mendoza Law Offices | Legal | $13,688 | $0 |
| Fifth Third Bank | Custodial (other than securities); Custodial (securities) | $11,999 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Investment advisory and management fees$297,254
- Salaries and allowances$175,554
- Other administrative expenses$166,495
- Actuarial fees$54,079
- Legal fees$37,925
- Trustee and custodial fees$11,999
- Total administrative expenses$743,306
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Receivables$45.2M · 41.7%
- U.S. Government securities$37.2M · 34.3%
- Corporate stocks$21.0M · 19.3%
- Cash (interest and non-interest bearing)$5.1M · 4.7%
- Buildings and other property used in plan operation$24K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmCrowe PR PSC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1BBenefits are primarily flat dollar (includes dollars per year of service)3JU.S.-based plan that covers residents of Puerto Rico and is qualified under both codes
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 525100: Insurance & Employee Benefit Funds.
Similar plans in Puerto Rico
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Triple-S Management Corporation Non-Contributory Retirement Plan | Triple-S Management Corporation | 1,081 | $137M | $126,762 |
| Plan de Pensiones de Beneficios Definidos Para la Cooperativa de Seguros de Vida de Puerto Rico | Cooperativa de Seguros de Vida de Puerto Rico | 348 | $18.8M | $53,955 |
| Banco Popular de Puerto Rico Retirement Plan | Banco Popular de Puerto Rico | 7,517 | $589M | $78,292 |
| Plan de Pensiones Cooperativa de Seguros Multiples | Cooperativa de Seguros Multiples | 316 | $58.0M | $183,480 |
Defined benefit plans in finance and insurance closest in size.
Questions and answers
How big is I.L.A. Prssa Pension Plan?
784 participants at the end of the plan year ending 30 Sep 2025, with net assets of $108,226,763. Among defined benefit plans that places it in the 500 to 999 participants band, which held 873 plans in plan year 2024.
What does I.L.A. Prssa Pension Plan contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $139,004 in compensation to service provider organisations, $177 per participant or 0.13% of net assets. The same-size median among plans reporting any Schedule C compensation was $377 per participant. Administrative expenses on Schedule H were $743,306. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is I.L.A. Prssa Pension Plan. Trustee or custodian: Fifth Third Bank. The financial statements were audited by Crowe PR PSC. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Oct 2024 to 30 Sep 2025, received by the Department of Labor on 15 Jul 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 51-0151862, plan 001, received 15 Jul 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.