Puerto Rico › Transportation and warehousing › 250 to 499 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Hornblower Puerto Rico Retirement Plan
Sponsored by HMS Ferries Puerto Rico LLC, 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.
Hornblower Puerto Rico Retirement Plan is a profit-sharing plan sponsored by HMS Ferries Puerto Rico LLC of San Juan, Puerto Rico. For the plan year ending 31 Dec 2024 it reported 306 participants, 292 of them active, and net assets of $1.4M.
Net assets came to $4,482 per participant, well below the $48,746 median for defined contribution plans with 250 to 499 participants and well below the $32,883 median for defined contribution plans in transportation and warehousing. 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 $239K during the year, or $818 per active participant against a same-size median of $2,017; participants contributed $362K and $4,066 arrived as rollovers and other contributions. Benefits paid out totalled $35K.
The filing reports no service provider compensation on Schedule C. That is common where fees are paid by the employer or taken from investment returns, neither of which appears there. Administrative expenses charged to the plan were $4,084.
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 | $4,482 | $48,746 | $32,883 | $53,102 |
| Employer contributions per active participant | $818 | $2,017 | $1,396 | $2,175 |
| Schedule C compensation per participant | — | $141 | $113 | $123 |
| Schedule C compensation, share of net assets | — | 0.30% | 0.33% | 0.26% |
| Administrative expenses per participant | $13.35 | $133 | $97.79 | $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), transportation and warehousing (1,909) 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 | 306 | $1.4M | $4,484 | $239K | $362K | $0 |
| 2023 | 296 | $683K | $2,307 | $170K | $274K | $0 |
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$682,809
- Employer contributions$238,953
- Participant contributions$361,940
- Rollovers and other contributions$4,066
- Total contributions$604,959
- Total income, including investment results$728,067
- Benefits paid$35,155
- Administrative expenses$4,084
- Total expenses$39,239
- Net income$688,828
- Net transfers$0
- Net assets, end of year$1,371,637
Participants
- Active participants292
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits14
- Participants with account balances151
- Total participants, end of year306
Fees and service providers
No service provider organisations are listed on Schedule C for this plan year.
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$4,084
- Total administrative expenses$4,084
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)$1.3M · 92.8%
- Participant loans$66K · 4.8%
- Receivables$25K · 1.8%
- Cash (interest and non-interest bearing)$8,786 · 0.6%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Participant contributions reported as transmitted lateYes, $49,492
- 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
2EProfit-sharing plan2FERISA section 404(c) plan2GTotal participant-directed account plan2TTotal or partial participant-directed account plan with a default investment account3CPlan not intended to be qualified
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 485990: Other Transit & Ground Passenger Transportation.
Similar plans in Puerto Rico
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| GMT Retirement Plan | G. M. T., LLC | 313 | — | — |
| Union de Tronquistas de Puerto Rico of Crowley Liner Services Puerto Rico, Inc. Defined Contribution Retirement Plan | Crowley Liner Services Puerto Rico,inc. | 217 | $24.5M | $112,849 |
| Aerostar Savings & Retiremen Plan | Aerostar Airport Holdings, LLC | 334 | $7.7M | $23,136 |
| Allied Logistics Retirement Plan | Allied Logistics, Corp. | 208 | — | — |
| Union de Tronquistas de Puerto Rico Local 901 Plan Trust | Union de Tronquistas de Puerto Rico | 368 | $2.6M | $7,099 |
| Lufthansa Technik Puerto Rico Savings Plan | Lufthansa Technik Puerto Rico LLC | 679 | $4.3M | $6,315 |
Defined contribution plans in transportation and warehousing closest in size.
Questions and answers
How big is Hornblower Puerto Rico Retirement Plan?
306 participants at the end of the plan year ending 31 Dec 2024, of whom 292 were active employees, with net assets of $1,371,637. 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 HMS Ferries Puerto Rico LLC contribute per participant?
The filing reports $238,953 in employer contributions for the year, which is $818 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 no provider compensation for the year. Administrative expenses on Schedule H were $4,084. 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 HMS Ferries Puerto Rico LLC. 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 2 Mar 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 66-0933950, plan 001, received 2 Mar 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.