Overview

Plan Rating

BrightScope Rating
41
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (9)
Average in Peer Group (53)
Highest in Peer Group (80)

Plan Description

Supermercados Maximo Retirement Plan is a defined contribution plan with a profit-sharing component. This plan has a BrightScope Rating of 41. Supermercados Maximo Retirement Plan currently has over 1,300 active participants and over $4.5M in plan assets.

Did you know?

For the average 401k participant, the 39 point difference between this plan's BrightScope Rating (41) and the top rated plan (80) could equate to:
17
Additional years of work
212,390
Lost Savings
*The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer. How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 12/31/2019
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address Po Box 11675
  • Location
    San Juan , PR
  • 00922-1675
  • Industry
    Supermarkets and Other Grocery (except Convenience) Stores
  • Administrator
    Federico Estremera
  • Net Plan Assets
    $4,500,000
  • Total Participants
    1,400
  • Avg Account Balance
    $8,900

Plan Components

Component Ratings

Design

Total Plan Cost:
High Fees
Company Generosity:
Below Avg.

Performance

Participation Rate:
Poor
Salary Deferrals:
Poor
Account Balance:
Poor

Design

Total Plan Cost:
High Fees
Company Generosity:
Below Avg.

Performance

Participation Rate:
Poor
Salary Deferrals:
Poor
Account Balance:
Poor

Top Industry Articles

Investments

Investment Menu Stats

# of Investment Options

30

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
BlackRock, Inc. Blackrock Lifepath Index 31%
6%
BlackRock Large Cap Equity Index 15%
N/A
Total Insurance Company General Accounts 8%
N/A
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

SERVICE PROVIDER
Insurance Carrier
Universal Life
Insurance Advisor/Broker
Finanxial, Corp
Investment Adviser
Finaxial Corp
Recordkeeper
Finaxial Corp
Corporate Trustee
Benefit Plans Administration Servic
Investment Adviser
Benefit Plans Administration Servic
Corporate Trustee
Bpas Trust Company of Puerto Rico
Auditor
Crowe Pr Psc

Articles and Questions

Boeing Plan Report (Updated)

Boeing Fee Settlement Highlights the High Bar for Large Plans

Boeing Offers a Near Perfect Retirement Plan ModelIn most respects Boeing’s retirement offering is a great model of how to run a large retirement plan. Participants in Boeing’s 401(k) plan are beneficiaries of a participant-friendly design with immediate access, automatic enrollment, immediate ves

Why Do Investment Expenses Matter?
Have a question about retirement plans?
Our community of registered financial advisors are standing by to share their experience.
Ask a question