Puerto Rico › Real estate and rental and leasing › 100 to 249 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Fernando Sumaza & Co., Inc. and Affiliates 401(k) Retirement Plan
Sponsored by Fernando Sumaza & Co., Inc. and Affil Iates, Mayaguez, 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.
Fernando Sumaza & Co., Inc. and Affiliates 401(k) Retirement Plan is a 401(k) plan sponsored by Fernando Sumaza & Co., Inc. and Affil Iates of Mayaguez, Puerto Rico. For the plan year ending 31 Dec 2024 it reported 122 participants, 116 of them active, and net assets of $436K.
Net assets came to $3,573 per participant, well below the $60,185 median for defined contribution plans with 100 to 249 participants and well below the $40,415 median for defined contribution plans in real estate and rental and leasing. 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 $9,687: $79.40 per participant, well below the same-size median of $194. Administrative expenses charged to the plan were $6,522. 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 $452K in 2021 to $436K in 2024 (down 4%), and participants from 159 to 122 (down 23%).
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 | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $3,573 | $60,185 | $40,415 | $53,102 |
| Employer contributions per active participant | — | $2,447 | $1,625 | $2,175 |
| Schedule C compensation per participant | $79.40 | $194 | $126 | $123 |
| Schedule C compensation, share of net assets | 2.2% | 0.32% | 0.34% | 0.26% |
| Administrative expenses per participant | $53.46 | $176 | $123 | $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), real estate and rental and leasing (1,578) 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 |
|---|---|---|---|---|---|---|
| 2024 | 122 | $436K | $3,574 | — | $45K | $10K |
| 2023 | 129 | $377K | $2,922 | — | $48K | $8,000 |
| 2022 | 118 | $355K | $3,008 | — | $45K | $1,000 |
| 2021 | 159 | $452K | $2,843 | — | $42K | $22K |
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$376,902
- Employer contributions—
- Participant contributions$45,294
- Rollovers and other contributions—
- Total contributions$45,294
- Total income, including investment results$85,062
- Benefits paid$21,788
- Administrative expenses$6,522
- Total expenses$26,006
- Net income$59,056
- Net transfers$0
- Net assets, end of year$435,958
Participants
- Active participants116
- Retired or separated, receiving benefits6
- Retired or separated, entitled to future benefits0
- Participants with account balances118
- Total participants, end of year122
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Empower Annuity Insurance Company O | Recordkeeping fees | $5,240 | $0 |
| Cetera Advisor Networks LLC | Other commissions | $0 | $2,745 |
| Empower Advisory Group LLC | Investment management | $1,310 | $0 |
| Pension Plus Inc. | Contract Administrator | $0 | $200 |
| Envestnet Retirement Solutions, LLC | Other fees | $192 | $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
- Other administrative expenses$6,522
- Total administrative expenses$6,522
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)$380K · 87.1%
- Other investments$43K · 9.8%
- Receivables$5,927 · 1.4%
- Participant loans$4,576 · 1.0%
- Common/collective trusts$2,662 · 0.6%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmRSM Puerto Rico
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondNo
- 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) feature
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 531390: Other Activities Related to Real Estate.
Similar plans in Puerto Rico
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Gonzalez Trading Retirement Plan | Gonzalez Trading, LLC | 201 | $1.6M | $8,027 |
| Blanco Enterprises 1081. 01(D) Retirement Plan | Blanco Enterprises, Inc. | 119 | — | — |
| QSR Champs Cash Or Deferred Arrangement Profit Sharing Retirement Plan | QSR Champs, LLC | 246 | $5.3M | $21,531 |
| Golden Arch Development LLC Savings and Profit Sharing Plan | Golden Arch Development LLC | 430 | $9.7M | $22,612 |
Defined contribution plans in real estate and rental and leasing closest in size.
Questions and answers
How big is Fernando Sumaza & Co., Inc. and Affiliates 401(k) Retirement Plan?
122 participants at the end of the plan year ending 31 Dec 2024, of whom 116 were active employees, with net assets of $435,958. 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 Fernando Sumaza & Co., Inc. and Affil Iates 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 $9,687 in compensation to service provider organisations, $79.40 per participant or 2.2% of net assets. The same-size median among plans reporting any Schedule C compensation was $194 per participant. Administrative expenses on Schedule H were $6,522. 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 Fernando Sumaza & Co., Inc. and Affil Iates. Recordkeeping or administration: Empower Annuity Insurance Company O and Pension Plus Inc.. Investment advisory or management: Empower Advisory Group LLC. The financial statements were audited by RSM Puerto Rico. 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 2024 to 31 Dec 2024, received by the Department of Labor on 15 Oct 2025. 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 66-0392250, plan 001, received 15 Oct 2025; 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.