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PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 401k Plan overview

Plan NamePUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN
Plan identification number 004

PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • Plan not intended to be qualified - A plan not intended to be qualified under Code sections 401, 403, or 408.

401k Sponsoring company profile

PUERTO RICO TELEPHONE COMPANY has sponsored the creation of one or more 401k plans.

Company Name:PUERTO RICO TELEPHONE COMPANY
Employer identification number (EIN):660564397
NAIC Classification:517000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042022-01-01
0042021-01-01
0042020-01-01
0042019-01-01
0042018-01-01
0042017-01-01ENRIQUE ORTIZ DE MONTELLANO
0042016-01-01ENRIQUE ORTIZ DE MONTELLANO
0042015-01-01ENRIQUE ORTIZ DE MONTELLANO
0042014-01-01ENRIQUE ORTIZ DE MONTELLANO
0042013-01-01ENRIQUE ORTIZ DE MONTELLANO
0042012-01-01ENRIQUE ORTIZ DE MONTELLANO
0042011-01-01ENRIQUE ORTIZ DE MONTELLANO
0042009-01-01ADAIL ORTIZ ADAIL ORTIZ2010-10-14

Plan Statistics for PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN

401k plan membership statisitcs for PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN

Measure Date Value
2022: PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2022 401k membership
Market value of plan assets2022-12-3122,294,716
Acturial value of plan assets2022-12-3124,321,548
Funding target for retired participants and beneficiaries receiving payment2022-12-31621,139
Number of terminated vested participants2022-12-31886
Fundng target for terminated vested participants2022-12-316,586,700
Active participant vested funding target2022-12-3115,712,869
Number of active participants2022-12-311,296
Total funding liabilities for active participants2022-12-3118,142,081
Total participant count2022-12-312,218
Total funding target for all participants2022-12-3125,349,920
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-310
Present value of excess contributions2022-12-31770,899
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31811,680
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-31811,680
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-31811,680
Total employer contributions2022-12-310
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-310
Liquidity shortfalls end of Q12022-12-310
Liquidity shortfalls end of Q22022-12-310
Liquidity shortfalls end of Q32022-12-310
Liquidity shortfalls end of Q42022-12-310
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-310
Net shortfall amortization installment of oustanding balance2022-12-311,840,052
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-31175,666
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-31175,666
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
Total participants, beginning-of-year2022-01-012,218
Total number of active participants reported on line 7a of the Form 55002022-01-011,161
Number of retired or separated participants receiving benefits2022-01-0149
Number of other retired or separated participants entitled to future benefits2022-01-01801
Total of all active and inactive participants2022-01-012,011
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-0141
Total participants2022-01-012,052
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2021 401k membership
Market value of plan assets2021-12-3126,372,727
Acturial value of plan assets2021-12-3126,602,521
Funding target for retired participants and beneficiaries receiving payment2021-12-31489,695
Number of terminated vested participants2021-12-31928
Fundng target for terminated vested participants2021-12-316,993,573
Active participant vested funding target2021-12-3117,492,039
Number of active participants2021-12-311,433
Total funding liabilities for active participants2021-12-3120,442,856
Total participant count2021-12-312,390
Total funding target for all participants2021-12-3127,926,124
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-31373,226
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31391,775
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-310
Total employer contributions2021-12-31900,000
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-31894,314
Liquidity shortfalls end of Q12021-12-310
Liquidity shortfalls end of Q22021-12-310
Liquidity shortfalls end of Q32021-12-310
Liquidity shortfalls end of Q42021-12-310
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-310
Net shortfall amortization installment of oustanding balance2021-12-311,323,603
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-31123,415
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-31123,415
Contributions allocatedtoward minimum required contributions for current year2021-12-31894,314
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
Total participants, beginning-of-year2021-01-012,390
Total number of active participants reported on line 7a of the Form 55002021-01-011,296
Number of retired or separated participants receiving benefits2021-01-0134
Number of other retired or separated participants entitled to future benefits2021-01-01845
Total of all active and inactive participants2021-01-012,175
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-0143
Total participants2021-01-012,218
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2020 401k membership
Market value of plan assets2020-12-3127,060,937
Acturial value of plan assets2020-12-3127,742,810
Funding target for retired participants and beneficiaries receiving payment2020-12-31388,309
Number of terminated vested participants2020-12-31939
Fundng target for terminated vested participants2020-12-316,776,918
Active participant vested funding target2020-12-3119,868,004
Number of active participants2020-12-311,580
Total funding liabilities for active participants2020-12-3123,474,428
Total participant count2020-12-312,540
Total funding target for all participants2020-12-3130,639,655
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-3157,618
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3160,557
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-310
Total employer contributions2020-12-311,500,000
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-311,483,546
Liquidity shortfalls end of Q12020-12-310
Liquidity shortfalls end of Q22020-12-310
Liquidity shortfalls end of Q32020-12-310
Liquidity shortfalls end of Q42020-12-310
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-310
Net shortfall amortization installment of oustanding balance2020-12-312,896,845
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-311,110,320
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-311,110,320
Contributions allocatedtoward minimum required contributions for current year2020-12-311,483,546
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
Total participants, beginning-of-year2020-01-012,540
Total number of active participants reported on line 7a of the Form 55002020-01-011,433
Number of retired or separated participants receiving benefits2020-01-0127
Number of other retired or separated participants entitled to future benefits2020-01-01888
Total of all active and inactive participants2020-01-012,348
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-0142
Total participants2020-01-012,390
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2019 401k membership
Market value of plan assets2019-12-3127,825,155
Acturial value of plan assets2019-12-3129,464,007
Funding target for retired participants and beneficiaries receiving payment2019-12-31287,259
Number of terminated vested participants2019-12-31971
Fundng target for terminated vested participants2019-12-316,886,717
Active participant vested funding target2019-12-3122,400,107
Number of active participants2019-12-311,763
Total funding liabilities for active participants2019-12-3126,791,433
Total participant count2019-12-312,749
Total funding target for all participants2019-12-3133,965,409
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-31115,587
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31121,678
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-312,000,000
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-311,948,032
Liquidity shortfalls end of Q12019-12-310
Liquidity shortfalls end of Q22019-12-310
Liquidity shortfalls end of Q32019-12-310
Liquidity shortfalls end of Q42019-12-310
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-310
Net shortfall amortization installment of oustanding balance2019-12-314,501,402
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-311,890,414
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-311,890,414
Contributions allocatedtoward minimum required contributions for current year2019-12-311,948,032
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
Total participants, beginning-of-year2019-01-012,749
Total number of active participants reported on line 7a of the Form 55002019-01-011,580
Number of retired or separated participants receiving benefits2019-01-0119
Number of other retired or separated participants entitled to future benefits2019-01-01899
Total of all active and inactive participants2019-01-012,498
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-0142
Total participants2019-01-012,540
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2018 401k membership
Market value of plan assets2018-12-3131,256,054
Acturial value of plan assets2018-12-3130,700,691
Funding target for retired participants and beneficiaries receiving payment2018-12-31300,966
Number of terminated vested participants2018-12-31969
Fundng target for terminated vested participants2018-12-316,560,690
Active participant vested funding target2018-12-3124,222,915
Number of active participants2018-12-311,948
Total funding liabilities for active participants2018-12-3129,710,956
Total participant count2018-12-312,932
Total funding target for all participants2018-12-3136,572,612
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-313,089,440
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-313,260,904
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-311,470,000
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-311,459,843
Liquidity shortfalls end of Q12018-12-310
Liquidity shortfalls end of Q22018-12-310
Liquidity shortfalls end of Q32018-12-310
Liquidity shortfalls end of Q42018-12-310
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-310
Net shortfall amortization installment of oustanding balance2018-12-315,871,921
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-311,344,256
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-311,344,256
Contributions allocatedtoward minimum required contributions for current year2018-12-311,459,843
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
Total participants, beginning-of-year2018-01-012,932
Total number of active participants reported on line 7a of the Form 55002018-01-011,763
Number of retired or separated participants receiving benefits2018-01-0114
Number of other retired or separated participants entitled to future benefits2018-01-01929
Total of all active and inactive participants2018-01-012,706
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-0143
Total participants2018-01-012,749
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2017 401k membership
Market value of plan assets2017-12-3128,856,477
Acturial value of plan assets2017-12-3130,184,979
Funding target for retired participants and beneficiaries receiving payment2017-12-31224,735
Number of terminated vested participants2017-12-31990
Fundng target for terminated vested participants2017-12-316,338,407
Active participant vested funding target2017-12-3124,123,482
Number of active participants2017-12-312,120
Total funding liabilities for active participants2017-12-3129,045,772
Total participant count2017-12-313,121
Total funding target for all participants2017-12-3135,608,914
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-31821,519
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31868,756
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-314,485,000
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-314,358,841
Liquidity shortfalls end of Q12017-12-310
Liquidity shortfalls end of Q22017-12-310
Liquidity shortfalls end of Q32017-12-310
Liquidity shortfalls end of Q42017-12-310
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-310
Net shortfall amortization installment of oustanding balance2017-12-315,423,935
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-311,269,402
Additional cash requirement2017-12-311,269,402
Contributions allocatedtoward minimum required contributions for current year2017-12-314,358,841
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
Total participants, beginning-of-year2017-01-013,121
Total number of active participants reported on line 7a of the Form 55002017-01-011,948
Number of retired or separated participants receiving benefits2017-01-0114
Number of other retired or separated participants entitled to future benefits2017-01-01929
Total of all active and inactive participants2017-01-012,891
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-0141
Total participants2017-01-012,932
Number of participants with account balances2017-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2016 401k membership
Market value of plan assets2016-12-3130,124,296
Acturial value of plan assets2016-12-3133,136,725
Funding target for retired participants and beneficiaries receiving payment2016-12-31159,102
Number of terminated vested participants2016-12-31893
Fundng target for terminated vested participants2016-12-316,939,876
Active participant vested funding target2016-12-3125,264,709
Number of active participants2016-12-312,310
Total funding liabilities for active participants2016-12-3131,432,568
Total participant count2016-12-313,212
Total funding target for all participants2016-12-3138,531,546
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-313,758,336
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-313,982,333
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-311,680,000
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-311,614,157
Liquidity shortfalls end of Q12016-12-310
Liquidity shortfalls end of Q22016-12-310
Liquidity shortfalls end of Q32016-12-310
Liquidity shortfalls end of Q42016-12-310
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-310
Net shortfall amortization installment of oustanding balance2016-12-315,394,821
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31792,638
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31792,638
Contributions allocatedtoward minimum required contributions for current year2016-12-311,614,157
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
Total participants, beginning-of-year2016-01-013,212
Total number of active participants reported on line 7a of the Form 55002016-01-012,120
Number of retired or separated participants receiving benefits2016-01-0110
Number of other retired or separated participants entitled to future benefits2016-01-01955
Total of all active and inactive participants2016-01-013,085
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-0136
Total participants2016-01-013,121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-013,414
Total number of active participants reported on line 7a of the Form 55002015-01-012,310
Number of retired or separated participants receiving benefits2015-01-018
Number of other retired or separated participants entitled to future benefits2015-01-01853
Total of all active and inactive participants2015-01-013,171
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-0141
Total participants2015-01-013,212
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-013,647
Total number of active participants reported on line 7a of the Form 55002014-01-012,477
Number of retired or separated participants receiving benefits2014-01-017
Number of other retired or separated participants entitled to future benefits2014-01-01892
Total of all active and inactive participants2014-01-013,376
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-0138
Total participants2014-01-013,414
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-013,873
Total number of active participants reported on line 7a of the Form 55002013-01-012,742
Number of retired or separated participants receiving benefits2013-01-013
Number of other retired or separated participants entitled to future benefits2013-01-01866
Total of all active and inactive participants2013-01-013,611
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-0136
Total participants2013-01-013,647
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-014,029
Total number of active participants reported on line 7a of the Form 55002012-01-012,926
Number of retired or separated participants receiving benefits2012-01-013
Number of other retired or separated participants entitled to future benefits2012-01-01914
Total of all active and inactive participants2012-01-013,843
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-0130
Total participants2012-01-013,873
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-014,317
Total number of active participants reported on line 7a of the Form 55002011-01-013,233
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-01791
Total of all active and inactive participants2011-01-014,024
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-015
Total participants2011-01-014,029
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-011
2009: PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-014,811
Total number of active participants reported on line 7a of the Form 55002009-01-013,811
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-01757
Total of all active and inactive participants2009-01-014,568
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-013
Total participants2009-01-014,571
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-014

Financial Data on PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN

Measure Date Value
2022 : PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-1,893,101
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$3,058,295
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$3,058,295
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$0
Value of total assets at end of year2022-12-31$17,343,319
Value of total assets at beginning of year2022-12-31$22,294,715
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$0
Total interest from all sources2022-12-31$724,365
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$1,000,000
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$76,371
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$89,926
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-4,951,396
Value of net assets at end of year (total assets less liabilities)2022-12-31$17,343,319
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$22,294,715
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$17,067,030
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$21,910,276
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$199,918
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$294,513
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$294,513
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$724,365
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-2,617,466
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31Yes
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$0
Employer contributions (assets) at end of year2022-12-31$0
Employer contributions (assets) at beginning of year2022-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$3,058,295
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31DRIVEN PSC
Accountancy firm EIN2022-12-31660961896
2021 : PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$-430,291
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$3,647,721
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$3,647,721
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$935,536
Value of total assets at end of year2021-12-31$22,294,715
Value of total assets at beginning of year2021-12-31$26,372,727
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$0
Total interest from all sources2021-12-31$1,063,532
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$1,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$35,536
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$89,926
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$91,594
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$-4,078,012
Value of net assets at end of year (total assets less liabilities)2021-12-31$22,294,715
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$26,372,727
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$21,910,276
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$26,174,594
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$294,513
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$106,539
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$106,539
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$1,063,532
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$-2,429,359
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31Yes
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$900,000
Employer contributions (assets) at end of year2021-12-31$0
Employer contributions (assets) at beginning of year2021-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$3,647,721
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31DRIVEN PSC
Accountancy firm EIN2021-12-31660961896
2020 : PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$2,561,843
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$3,256,453
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$3,256,453
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,537,675
Value of total assets at end of year2020-12-31$26,372,727
Value of total assets at beginning of year2020-12-31$27,067,337
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$0
Total interest from all sources2020-12-31$1,160,958
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$1,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$37,675
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$91,594
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$454,686
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$-694,610
Value of net assets at end of year (total assets less liabilities)2020-12-31$26,372,727
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$27,067,337
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$26,174,594
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$18,632,328
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$106,539
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$7,180,323
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$7,180,323
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$1,160,958
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$-136,790
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31Yes
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$1,500,000
Employer contributions (assets) at end of year2020-12-31$0
Employer contributions (assets) at beginning of year2020-12-31$800,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$3,256,453
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31DRIVEN PSC
Accountancy firm EIN2020-12-31660961896
2019 : PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$3,806,299
Total income from all sources (including contributions)2019-12-31$3,806,299
Total loss/gain on sale of assets2019-12-31$0
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$4,564,117
Total of all expenses incurred2019-12-31$4,564,117
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$4,564,117
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$4,564,117
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$2,000,000
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$2,000,000
Value of total assets at end of year2019-12-31$27,067,337
Value of total assets at beginning of year2019-12-31$27,825,155
Value of total assets at beginning of year2019-12-31$27,825,155
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$0
Total interest from all sources2019-12-31$1,065,803
Total interest from all sources2019-12-31$1,065,803
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$1,000,000
Value of fidelity bond cover2019-12-31$1,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2019-12-31$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$454,686
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$48,363
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$48,363
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$-757,818
Value of net income/loss2019-12-31$-757,818
Value of net assets at end of year (total assets less liabilities)2019-12-31$27,067,337
Value of net assets at end of year (total assets less liabilities)2019-12-31$27,067,337
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$27,825,155
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$18,632,328
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$27,639,535
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$27,639,535
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$7,180,323
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$137,257
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$137,257
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$137,257
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$137,257
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$1,065,803
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$1,065,803
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$740,496
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$740,496
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31Yes
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$2,000,000
Contributions received in cash from employer2019-12-31$2,000,000
Employer contributions (assets) at end of year2019-12-31$800,000
Employer contributions (assets) at beginning of year2019-12-31$0
Employer contributions (assets) at beginning of year2019-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$4,564,117
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$4,564,117
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31BDO PUERTO RICO PSC
Accountancy firm name2019-12-31BDO PUERTO RICO PSC
Accountancy firm EIN2019-12-31660578857
Accountancy firm EIN2019-12-31660578857
2018 : PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$751,740
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$4,182,639
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$4,182,639
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$1,470,000
Value of total assets at end of year2018-12-31$27,825,155
Value of total assets at beginning of year2018-12-31$31,256,054
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$0
Total interest from all sources2018-12-31$1,153,260
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$1,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$48,363
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$49,437
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-3,430,899
Value of net assets at end of year (total assets less liabilities)2018-12-31$27,825,155
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$31,256,054
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$27,639,535
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$30,979,844
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$137,257
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$226,773
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$226,773
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$1,153,260
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-1,871,520
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31Yes
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$1,470,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$4,182,639
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31BDO PUERTO RICO PSC
Accountancy firm EIN2018-12-31660578857
2017 : PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$6,701,557
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$4,301,980
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$4,301,980
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$4,485,000
Value of total assets at end of year2017-12-31$31,256,054
Value of total assets at beginning of year2017-12-31$28,856,477
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$0
Total interest from all sources2017-12-31$1,094,807
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$1,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$49,437
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$39,523
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$2,399,577
Value of net assets at end of year (total assets less liabilities)2017-12-31$31,256,054
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$28,856,477
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$30,979,844
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$28,773,731
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$226,773
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$43,223
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$43,223
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$1,094,807
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$1,121,750
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31Yes
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$4,485,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$4,301,980
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31BDO PUERTO RICO PSC
Accountancy firm EIN2017-12-31660578857
2016 : PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$4,422,445
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$5,766,336
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$5,766,336
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$1,728,917
Value of total assets at end of year2016-12-31$28,856,477
Value of total assets at beginning of year2016-12-31$30,200,368
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$0
Total interest from all sources2016-12-31$994,737
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$1,000,000
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$48,917
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-12-31$39,523
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$33,169
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$-1,343,891
Value of net assets at end of year (total assets less liabilities)2016-12-31$28,856,477
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$30,200,368
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$28,773,731
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$26,087,173
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$43,223
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$535,026
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$535,026
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$994,737
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$1,698,791
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31Yes
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Assets. Invements in employer securities at end of year2016-12-31$0
Assets. Invements in employer securities at beginning of year2016-12-31$0
Contributions received in cash from employer2016-12-31$1,680,000
Employer contributions (assets) at end of year2016-12-31$0
Employer contributions (assets) at beginning of year2016-12-31$3,545,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$5,766,336
Liabilities. Value of benefit claims payable at end of year2016-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2016-12-31$0
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31BDO PUERTO RICO PSC
Accountancy firm EIN2016-12-31660578857
2015 : PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$3,089,880
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$5,382,171
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$5,382,171
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$6,898,289
Value of total assets at end of year2015-12-31$30,200,368
Value of total assets at beginning of year2015-12-31$32,492,659
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$0
Total interest from all sources2015-12-31$927,264
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$1,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$29,289
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-12-31$33,169
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-12-31$45,845
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-2,292,291
Value of net assets at end of year (total assets less liabilities)2015-12-31$30,200,368
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$32,492,659
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$26,087,173
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$29,883,101
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$535,026
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$63,713
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$63,713
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-12-31$927,264
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-4,735,673
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31Yes
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Assets. Invements in employer securities at end of year2015-12-31$0
Assets. Invements in employer securities at beginning of year2015-12-31$0
Contributions received in cash from employer2015-12-31$6,869,000
Employer contributions (assets) at end of year2015-12-31$3,545,000
Employer contributions (assets) at beginning of year2015-12-31$2,500,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$5,382,171
Liabilities. Value of benefit claims payable at end of year2015-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2015-12-31$0
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31BDO PUERTO RICO PSC
Accountancy firm EIN2015-12-31660578857
2014 : PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$5,942,695
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$6,869,199
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$6,869,199
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$6,247,235
Value of total assets at end of year2014-12-31$32,492,659
Value of total assets at beginning of year2014-12-31$33,419,163
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$0
Total interest from all sources2014-12-31$1,290,135
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$1,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$57,235
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-12-31$45,845
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-12-31$59,894
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$-926,504
Value of net assets at end of year (total assets less liabilities)2014-12-31$32,492,659
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$33,419,163
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$29,883,101
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$30,174,746
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$63,713
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$323,523
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$323,523
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-12-31$1,290,135
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$-1,594,675
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31Yes
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Assets. Invements in employer securities at end of year2014-12-31$0
Assets. Invements in employer securities at beginning of year2014-12-31$0
Contributions received in cash from employer2014-12-31$6,190,000
Employer contributions (assets) at end of year2014-12-31$2,500,000
Employer contributions (assets) at beginning of year2014-12-31$2,861,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$6,869,199
Liabilities. Value of benefit claims payable at end of year2014-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2014-12-31$0
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31BDO PUERTO RICO PSC
Accountancy firm EIN2014-12-31660578857
2013 : PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$1,943,374
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$7,520,317
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$7,520,317
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$4,821,443
Value of total assets at end of year2013-12-31$33,419,163
Value of total assets at beginning of year2013-12-31$38,996,106
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$0
Total interest from all sources2013-12-31$1,140,741
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$1,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$90,443
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$59,894
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-12-31$215
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$-5,576,943
Value of net assets at end of year (total assets less liabilities)2013-12-31$33,419,163
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$38,996,106
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$30,174,746
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$323,523
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$38,995,891
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$38,995,891
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$1,140,741
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$-4,018,810
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31Yes
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$4,731,000
Employer contributions (assets) at end of year2013-12-31$2,861,000
Employer contributions (assets) at beginning of year2013-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$7,520,317
Liabilities. Value of benefit claims payable at end of year2013-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2013-12-31$0
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31FPV & GALINDEZ
Accountancy firm EIN2013-12-31660703468
2012 : PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$1,678,323
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$5,653,616
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$5,653,616
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$1,674,665
Value of total assets at end of year2012-12-31$38,996,106
Value of total assets at beginning of year2012-12-31$42,971,399
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$0
Total interest from all sources2012-12-31$3,658
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$1,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$74,665
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2012-12-31$383
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$215
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$186
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$-3,975,293
Value of net assets at end of year (total assets less liabilities)2012-12-31$38,996,106
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$42,971,399
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$38,995,891
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$28,571,213
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$28,571,213
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$3,658
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31Yes
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$1,600,000
Employer contributions (assets) at end of year2012-12-31$0
Employer contributions (assets) at beginning of year2012-12-31$14,400,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$5,653,233
Liabilities. Value of benefit claims payable at end of year2012-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2012-12-31$0
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31FPV & GALINDEZ
Accountancy firm EIN2012-12-31660703468
2011 : PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$16,955,284
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$10,450,927
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$10,450,927
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$16,951,028
Value of total assets at end of year2011-12-31$42,971,399
Value of total assets at beginning of year2011-12-31$36,467,042
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$0
Total interest from all sources2011-12-31$4,256
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$1,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$151,028
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$186
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$219
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$6,504,357
Value of net assets at end of year (total assets less liabilities)2011-12-31$42,971,399
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$36,467,042
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$28,571,213
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$29,466,823
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$29,466,823
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$4,256
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31Yes
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$16,800,000
Employer contributions (assets) at end of year2011-12-31$14,400,000
Employer contributions (assets) at beginning of year2011-12-31$7,000,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$10,450,927
Liabilities. Value of benefit claims payable at end of year2011-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2011-12-31$0
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31PARISSI P.S.C.
Accountancy firm EIN2011-12-31660610575
2010 : PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$10,252,025
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$10,360,337
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$10,360,337
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$10,200,000
Value of total assets at end of year2010-12-31$36,467,042
Value of total assets at beginning of year2010-12-31$36,575,354
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$0
Total interest from all sources2010-12-31$52,025
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$1,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$219
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$227
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$-108,312
Value of net assets at end of year (total assets less liabilities)2010-12-31$36,467,042
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$36,575,354
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$29,466,823
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$31,575,127
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$31,575,127
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$52,025
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31Yes
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$10,200,000
Employer contributions (assets) at end of year2010-12-31$7,000,000
Employer contributions (assets) at beginning of year2010-12-31$5,000,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$10,360,337
Liabilities. Value of benefit claims payable at end of year2010-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2010-12-31$0
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31PARISSI P.S.C.
Accountancy firm EIN2010-12-31660610575
2009 : PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN

2022: PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: PUERTO RICO TELEPHONE COMPANY LUMP SUM RETIREMENT PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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