Puerto Rico › Manufacturing › 250 to 499 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Edwards Lifesciences (Puerto Rico) Corporation Retirement Savings Plan
Sponsored by Edwards Lifesciences (Puerto Rico) Corporation Retirement Savings Plan, Anasco, 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.
Edwards Lifesciences (Puerto Rico) Corporation Retirement Savings Plan of Anasco, Puerto Rico sponsors Edwards Lifesciences (Puerto Rico) Corporation Retirement Savings Plan, a 401(k) plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 431 participants (30 active) and $31.4M in net assets.
Net assets came to $72,758 per participant, well above the $48,746 median for defined contribution plans with 250 to 499 participants and above the $62,303 median for defined contribution plans in manufacturing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $896K during the year, or $29,865 per active participant against a same-size median of $2,017; participants contributed $1.8M and $73K arrived as rollovers and other contributions. Benefits paid out totalled $19.4M.
Schedule C lists 3 service provider organisations paid $5,000 or more, with reported compensation of $164K: $381 per participant, well above the same-size median of $141. Administrative expenses charged to the plan were $164K. 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 $23.9M in 2011 to $31.4M in 2024 (up 31%), and participants from 912 to 431 (down 53%).
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 DC plans |
|---|---|---|---|---|
| Net assets per participant | $72,758 | $48,746 | $62,303 | $53,102 |
| Employer contributions per active participant | $29,865 | $2,017 | $2,187 | $2,175 |
| Schedule C compensation per participant | $381 | $141 | $136 | $123 |
| Schedule C compensation, share of net assets | 0.52% | 0.30% | 0.24% | 0.26% |
| Administrative expenses per participant | $381 | $133 | $131 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 250 to 499 participants (17,456 plans), manufacturing (11,377) 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 | 431 | $31.4M | $72,759 | $896K | $1.8M | $164K |
| 2023 | 979 | $44.9M | $45,869 | $1.4M | $2.3M | $132K |
| 2022 | 859 | $40.3M | $46,899 | $1.2M | $2.0M | $137K |
| 2021 | 811 | $55.5M | $68,459 | $1.1M | $1.9M | $112K |
| 2020 | 783 | $45.8M | $58,476 | $1.0M | $1.7M | $100K |
| 2019 | 781 | $45.8M | $58,659 | $969K | $1.6M | $108K |
| 2018 | 721 | $36.9M | $51,176 | $879K | $1.5M | $101K |
| 2017 | 771 | $39.5M | $51,214 | $874K | $1.4M | $115K |
| 2016 | 828 | $35.3M | $42,632 | $872K | $1.3M | $135K |
| 2015 | 924 | $33.2M | $35,892 | $964K | $1.3M | $150K |
| 2014 | 982 | $31.5M | $32,061 | $922K | $1.1M | $94K |
| 2013 | 971 | $26.5M | $27,285 | $894K | $997K | $84K |
| 2012 | 912 | $26.7M | $29,228 | $929K | $983K | $91K |
| 2011 | 912 | $23.9M | $26,193 | $935K | $950K | $55K |
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$44,906,191
- Employer contributions$895,954
- Participant contributions$1,802,508
- Rollovers and other contributions$73,360
- Total contributions$2,771,822
- Total income, including investment results$6,023,426
- Benefits paid$19,396,648
- Administrative expenses$164,006
- Total expenses$19,570,710
- Net income−$13,547,284
- Net transfers$0
- Net assets, end of year$31,358,907
Participants
- Active participants30
- Retired or separated, receiving benefits24
- Retired or separated, entitled to future benefits374
- Participants with account balances426
- Total participants, end of year431
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Voya Institutional Plan Services | Participant loan processing | $82,220 | $0 |
| Voya Retirement Advisors | Investment advisory (participants) | $50,936 | $0 |
| Moss Adams | Accounting (including auditing) | $30,850 | $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
- Recordkeeping fees$76,950
- Investment advisory and management fees$50,936
- IQPA audit fees$30,850
- Contract administrator fees$2,700
- Other administrative expenses$2,570
- Total administrative expenses$164,006
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.
- Master trust investment accounts$31.3M · 99.7%
- Participant loans$96K · 0.3%
- Receivables$8,084 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmBDO USA, P.C.
- Participant contributions reported as transmitted lateYes, $3,040
- Covered by a fidelity bondYes, $5,000,000
- 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
2AAge/service weighted or new comparability or similar plan2EProfit-sharing plan2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2KCode section 401(m) arrangement2S401(k) plan or 403(b) plan that provides for automatic enrollment2TTotal or partial participant-directed account plan with a default investment account
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 325410: Pharmaceutical & Medicine Mfg.
Similar plans in Puerto Rico
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| To-Ricos Employee Savings and Retirement Plan | To-Ricos Ltd. | 479 | $4.7M | $9,829 |
| Puerto Rico Savings & Investment Plan | Corteva Agriscience Puerto Rico, Inc. | 393 | $63.4M | $161,340 |
| Plan de Retiro de Los Empleados de Integra Ci, Inc. | Integra Ci, Inc. | 557 | $10.2M | $18,325 |
| Caribbean Refrescos, Inc. Thrift Plan | Caribbean Refrescos, Inc. | 382 | $53.5M | $139,988 |
| Pepsi-Cola Puerto Rico Distributing LLC 1165(E) Savings Plan | Pepsi-Cola Puerto Rico Distributing LLC | 697 | $15.8M | $22,714 |
| Ipr Pharmaceuticals, Inc. Profit Sharing, Retirement and Savings Plan | Ipr Pharmaceuticals, Inc. | 357 | $145M | $405,863 |
Defined contribution plans in manufacturing closest in size.
Questions and answers
How big is Edwards Lifesciences (Puerto Rico) Corporation Retirement Savings Plan?
431 participants at the end of the plan year ending 31 Dec 2024, of whom 30 were active employees, with net assets of $31,358,907. Among defined contribution plans that places it in the 250 to 499 participants band, which held 17,456 plans in plan year 2024.
What does Edwards Lifesciences (Puerto Rico) Corporation Retirement Savings Plan contribute per participant?
The filing reports $895,954 in employer contributions for the year, which is $29,865 per active participant; the median for plans of the same type and size was $2,017 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 $164,006 in compensation to service provider organisations, $381 per participant or 0.52% of net assets. The same-size median among plans reporting any Schedule C compensation was $141 per participant. Administrative expenses on Schedule H were $164,006. 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 Edwards Lifesciences (Puerto Rico) Corporation Retirement Savings Plan. Recordkeeping or administration: Voya Institutional Plan Services. Investment advisory or management: Voya Retirement Advisors. The financial statements were audited by BDO USA, P.C.. 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 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 27 Jun 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 66-0579279, plan 002, received 27 Jun 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.