Puerto Rico › Finance and insurance › 100 to 249 participants
Form 5500 statement · plan year 1 Jan 2025 to 31 Dec 2025
Caribe Federal Credit Union Retirement Plan
Sponsored by Caribe Federal Credit Union, Hato Rey, 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.
In the plan year ending 31 Dec 2025, Caribe Federal Credit Union Retirement Plan covered 147 participants and held $6.1M in net assets. The plan is a 401(k) plan sponsored by Caribe Federal Credit Union of Hato Rey, Puerto Rico.
The employer contributed $243K during the year, or $1,711 per active participant against a same-size median of $2,447; participants contributed $288K and $15K arrived as rollovers and other contributions. Benefits paid out totalled $993K.
Schedule C lists 4 service provider organisations paid $5,000 or more, with reported compensation of $44K: $302 per participant, well above the same-size median of $194. Administrative expenses charged to the plan were $59K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure, plan year 2024 | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | — | $60,185 | $92,294 | $53,102 |
| Employer contributions per active participant | — | $2,447 | $3,564 | $2,175 |
| Schedule C compensation per participant | — | $194 | $137 | $123 |
| Schedule C compensation, share of net assets | — | 0.32% | 0.17% | 0.26% |
| Administrative expenses per participant | — | $176 | $130 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 100 to 249 participants (21,996 plans), finance and insurance (4,391) and all US plans (63,460). 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 |
|---|---|---|---|---|---|---|
| 2025 | 147 | $6.1M | $41,782 | $243K | $288K | $44K |
| 2024 | 150 | — | — | — | — | — |
| 2023 | 130 | — | — | — | — | — |
| 2022 | 118 | — | — | — | — | — |
| 2021 | 101 | — | — | — | — | — |
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$5,981,566
- Employer contributions$242,989
- Participant contributions$287,794
- Rollovers and other contributions$15,127
- Total contributions$545,910
- Total income, including investment results$1,212,551
- Benefits paid$993,305
- Administrative expenses$59,066
- Total expenses$1,052,371
- Net income$160,180
- Net transfers$0
- Net assets, end of year$6,141,746
Participants
- Active participants142
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits5
- Participants with account balances127
- Total participants, end of year147
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Empower Annuity Insurance Company | Recordkeeping fees | $36,731 | $0 |
| Osaic Wealth Inc. | Other commissions | $0 | $3,969 |
| Leafhouse Financial Advisors LLC | Other fees | $2,874 | $0 |
| Osaic FS Inc. | Other commissions | $0 | $867 |
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$59,066
- Total administrative expenses$59,066
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.
- Registered investment companies (mutual funds)$4.2M · 67.9%
- Common/collective trusts$999K · 16.3%
- Insurance company general account$971K · 15.8%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmRodriguez Rivera & Toro 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
2EProfit-sharing plan2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature3CPlan not intended to be qualified
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 522130: Credit Unions.
Similar plans in Puerto Rico
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Molina Salary Savings Plan of Puerto Rico | Molina Healthcare of Puerto Rico | 152 | $6.2M | $40,567 |
| Marsh Puerto Rico, Inc. Salary Savings Plan | Marsh Puerto Rico, Inc. | 141 | $16.8M | $119,027 |
| Cooperativa de Ahorro Y Credito Oriental Retirement Plan | Cooperativa de Ahorro Y Credito Oriental | 152 | $6.2M | $40,966 |
| Fidelity International Resource Management, Inc. Retirement Savings Plan | Fidelity International Resource Management, Inc. | 132 | $7.9M | $60,001 |
| AIG Insurance Company-Puerto Rico Capital Growth Plan | AIG Insurance Company-Puerto Rico | 153 | $16.7M | $109,144 |
| Combined Building & Housing Consultants, Inc. 1081.01(D) Salary Deferral Retirment Plan | Combined Building &housing Consultants, Inc. | 132 | $1.4M | $10,938 |
Defined contribution plans in finance and insurance closest in size.
Questions and answers
How big is Caribe Federal Credit Union Retirement Plan?
147 participants at the end of the plan year ending 31 Dec 2025, of whom 142 were active employees, with net assets of $6,141,746. Among defined contribution plans that places it in the 100 to 249 participants band, which held 21,996 plans in plan year 2024.
What does Caribe Federal Credit Union contribute per participant?
The filing reports $242,989 in employer contributions for the year, which is $1,711 per active participant; the median for plans of the same type and size was $2,447 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $44,441 in compensation to service provider organisations, $302 per participant or 0.72% of net assets. The same-size median among plans reporting any Schedule C compensation was $194 per participant. Administrative expenses on Schedule H were $59,066. 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 Caribe Federal Credit Union. Recordkeeping or administration: Empower Annuity Insurance Company. The financial statements were audited by Rodriguez Rivera & Toro 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 from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. 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 Jan 2025 to 31 Dec 2025, received by the Department of Labor on 29 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 66-0204432, plan 001, received 29 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.