Back to top
FORM 5500 DATA

Grupo Alberic Cash Or Deferred Income Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/2004
  • Net Assets as of 12/31/2017 $1,264,227
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2017

  • Active (Eligible) Participants116
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits0
  • Subtotal116
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total116
  • Total number of participants as of 01/01/2017128
  • Number of participants with account balances116
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • AddressPo Box 70320
  • CitySan Juan
  • StatePR
  • Zip00936-7320
  • Telephone(787) 999-8888
  • EIN66-0313655
  • Industry Code441110
  • Named AdministratorAlberto Martinez

Audit Information

  • Audit StatusAudited
  • AuditorGoas Psc Certified Public Accountan
  • Auditor EIN66-0559895
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2K Code section 401(m) arrangement Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
3C Plan not intended to be qualified A plan not intended to be qualified under Code sections 401, 403, or 408.

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $130,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? Yes

Financials

Income and Expense Statement

Income $266,385
Contributions $124,210
Cash Contributions $124,210
Cash from Employers $0
Cash from Participants $124,210
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $142,175
Total Interest $5,610
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $5,610
Interest from Other Investments $0
Total Dividends $0
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $136,565
Other Income $0
Expenses $95,774
Total Benefit Payments $78,206
Directly to participants or beneficiaries, including direct rollovers $78,206
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $17,568
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $17,568
Other Administrative Fees $0
Net Income $170,611
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2017 12/31/2016 Change YOY
Total Assets $1,264,227 $1,093,616 15.60%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $0 0.0%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $0 0.0%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $182,569 $134,432 35.81%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $0 $0 0.0%
Value of funds held in insurance co. general account $1,081,658 $959,184 12.77%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $1,264,227 $1,093,616 15.60%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • John Hancock Life Insurance Company

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
John Hancock Life Insurance Company Recordkeeping and information management (computing, tabulating, data processing, etc.) Recordkeeper $962 $0 $962
John Hancock Life Insurance Company Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Other insurance wrap fees, Soft dollars commissions Recordkeeper $0 $0 $0
Total $962 $0 $962

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Jh Multimanager Balanced Ls John Hancock USA DFE: Pooled Separate Account $647,220
Jh Multimanager Growth Ls John Hancock USA DFE: Pooled Separate Account $292,479
Money Market Fund John Hancock USA DFE: Pooled Separate Account $55,049
Jh Multimanager Moderate John Hancock USA DFE: Pooled Separate Account $31,481
Dfa Emerging Markets Value John Hancock USA DFE: Pooled Separate Account $14,004
Fidelity Advisor Total Bond John Hancock USA DFE: Pooled Separate Account $12,433
Total Bond Market Fund John Hancock USA DFE: Pooled Separate Account $12,040
Jh Multimanager Conserv Ls John Hancock USA DFE: Pooled Separate Account $7,257
Total Stock Market Index Fund John Hancock USA DFE: Pooled Separate Account $3,747
Vanguard Value Index Fund John Hancock USA DFE: Pooled Separate Account $2,552
Jh Multimanager Aggressive Ls John Hancock USA DFE: Pooled Separate Account $974
Vanguard Growth Index Fund John Hancock DFE: Pooled Separate Account $809
500 Index Fund John Hancock USA DFE: Pooled Separate Account $357
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $292
Small Cap Growth Fund John Hancock USA DFE: Pooled Separate Account $217
Dfa U.S. Small Cap Fund John Hancock USA DFE: Pooled Separate Account $210
Mid Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $151
Vanguard Small Cap Grow Index John Hancock USA DFE: Pooled Separate Account $151
Mid Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $137
Small Cap Index Fund John Hancock USA DFE: Pooled Separate Account $98
Total $1,081,658

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company (U.S.A.) 0
EIN 01-0233346
Industry Code 65838
Contract Number 92071
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $18,586
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
The 401K Company of Pr Inc. Pmb 221 405 Esmeralda Ave Guaynabo, PR 00969 -4227 Third Party Administrator $0 $9,773 TPA FEES
Npa Insurance Company 31 Calaf St Hato Rey, PR 00918 Investment Manager/Adviser $8,813 $0
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract GROUP ANNUITY
Balance at the end of the previous year $1,093,616
Additions $266,385
Contributions Deposited during the year $124,210
Dividends and credits $0
Interest credited during the year $5,610
Transferred from separate account $0
Other $136,565
Total of Balance and Additions $1,360,001
Deductions $95,774
Disbursed from fund to pay benefits or purchase annuities during the year $78,206
Administration charge made by carrier $17,568
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $1,264,227