WELLS FARGO & COMPANY has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan PUERTO RICO FINANCIAL RETIREMENT PLAN
| Measure | Date | Value |
|---|
| 2022: PUERTO RICO FINANCIAL RETIREMENT PLAN 2022 401k membership |
|---|
| Market value of plan assets | 2022-12-31 | 61,009,358 |
| Acturial value of plan assets | 2022-12-31 | 58,157,871 |
| Funding target for retired participants and beneficiaries receiving payment | 2022-12-31 | 32,435,856 |
| Number of terminated vested participants | 2022-12-31 | 748 |
| Fundng target for terminated vested participants | 2022-12-31 | 18,844,236 |
| Active participant vested funding target | 2022-12-31 | 0 |
| Number of active participants | 2022-12-31 | 0 |
| Total funding liabilities for active participants | 2022-12-31 | 0 |
| Total participant count | 2022-12-31 | 1,564 |
| Total funding target for all participants | 2022-12-31 | 51,280,092 |
| Balance at beginning of prior year after applicable adjustments | 2022-12-31 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2022-12-31 | 2,029,893 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2022-12-31 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2022-12-31 | 0 |
| Amount remaining of carryover balance | 2022-12-31 | 0 |
| Amount remaining of prefunding balance | 2022-12-31 | 2,029,893 |
| Present value of excess contributions | 2022-12-31 | 1,636,233 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-12-31 | 1,718,372 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2022-12-31 | 1,718,372 |
| Reductions in caryover balances due to elections or deemed elections | 2022-12-31 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2022-12-31 | 0 |
| Balance of carryovers at beginning of current year | 2022-12-31 | 0 |
| Balance of prefunding at beginning of current year | 2022-12-31 | 3,948,209 |
| Total employer contributions | 2022-12-31 | 0 |
| Total employee contributions | 2022-12-31 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2022-12-31 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2022-12-31 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2022-12-31 | 0 |
| Liquidity shortfalls end of Q1 | 2022-12-31 | 0 |
| Liquidity shortfalls end of Q2 | 2022-12-31 | 0 |
| Liquidity shortfalls end of Q3 | 2022-12-31 | 0 |
| Liquidity shortfalls end of Q4 | 2022-12-31 | 0 |
| Unpaid minimum required contributions for all prior years | 2022-12-31 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2022-12-31 | 0 |
| Remaining amount of unpaid minimum required contributions | 2022-12-31 | 0 |
| Minimum required contributions for current year target normal cost | 2022-12-31 | 300,000 |
| Net shortfall amortization installment of oustanding balance | 2022-12-31 | 0 |
| Waiver amortization installment | 2022-12-31 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2022-12-31 | 0 |
| Carryover balance elected to use to offset funding requirement | 2022-12-31 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2022-12-31 | 0 |
| Additional cash requirement | 2022-12-31 | 0 |
| Contributions allocatedtoward minimum required contributions for current year | 2022-12-31 | 0 |
| Unpaid minimum required contributions for current year | 2022-12-31 | 0 |
| Unpaid minimum required contributions for all years | 2022-12-31 | 0 |
| Total participants, beginning-of-year | 2022-01-01 | 1,564 |
| Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 0 |
| Number of retired or separated participants receiving benefits | 2022-01-01 | 813 |
| Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 695 |
| Total of all active and inactive participants | 2022-01-01 | 1,508 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 53 |
| Total participants | 2022-01-01 | 1,561 |
| 2021: PUERTO RICO FINANCIAL RETIREMENT PLAN 2021 401k membership |
|---|
| Market value of plan assets | 2021-12-31 | 55,282,448 |
| Acturial value of plan assets | 2021-12-31 | 51,073,010 |
| Funding target for retired participants and beneficiaries receiving payment | 2021-12-31 | 32,749,108 |
| Number of terminated vested participants | 2021-12-31 | 802 |
| Fundng target for terminated vested participants | 2021-12-31 | 21,060,263 |
| Active participant vested funding target | 2021-12-31 | 0 |
| Number of active participants | 2021-12-31 | 0 |
| Total funding liabilities for active participants | 2021-12-31 | 0 |
| Total participant count | 2021-12-31 | 1,567 |
| Total funding target for all participants | 2021-12-31 | 53,809,371 |
| Balance at beginning of prior year after applicable adjustments | 2021-12-31 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2021-12-31 | 1,756,956 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2021-12-31 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2021-12-31 | 0 |
| Amount remaining of carryover balance | 2021-12-31 | 0 |
| Amount remaining of prefunding balance | 2021-12-31 | 1,756,956 |
| Present value of excess contributions | 2021-12-31 | 38,062 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2021-12-31 | 40,140 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2021-12-31 | 40,140 |
| Reductions in caryover balances due to elections or deemed elections | 2021-12-31 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2021-12-31 | 0 |
| Balance of carryovers at beginning of current year | 2021-12-31 | 0 |
| Balance of prefunding at beginning of current year | 2021-12-31 | 2,029,893 |
| Total employer contributions | 2021-12-31 | 3,200,000 |
| Total employee contributions | 2021-12-31 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2021-12-31 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2021-12-31 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2021-12-31 | 3,156,921 |
| Liquidity shortfalls end of Q1 | 2021-12-31 | 0 |
| Liquidity shortfalls end of Q2 | 2021-12-31 | 0 |
| Liquidity shortfalls end of Q3 | 2021-12-31 | 0 |
| Liquidity shortfalls end of Q4 | 2021-12-31 | 0 |
| Unpaid minimum required contributions for all prior years | 2021-12-31 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2021-12-31 | 0 |
| Remaining amount of unpaid minimum required contributions | 2021-12-31 | 0 |
| Minimum required contributions for current year target normal cost | 2021-12-31 | 300,000 |
| Net shortfall amortization installment of oustanding balance | 2021-12-31 | 4,766,254 |
| Waiver amortization installment | 2021-12-31 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2021-12-31 | 1,520,688 |
| Carryover balance elected to use to offset funding requirement | 2021-12-31 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2021-12-31 | 0 |
| Additional cash requirement | 2021-12-31 | 1,520,688 |
| Contributions allocatedtoward minimum required contributions for current year | 2021-12-31 | 3,156,921 |
| Unpaid minimum required contributions for current year | 2021-12-31 | 0 |
| Unpaid minimum required contributions for all years | 2021-12-31 | 0 |
| Total participants, beginning-of-year | 2021-01-01 | 1,567 |
| Total number of active participants reported on line 7a of the Form 5500 | 2021-01-01 | 0 |
| Number of retired or separated participants receiving benefits | 2021-01-01 | 775 |
| Number of other retired or separated participants entitled to future benefits | 2021-01-01 | 745 |
| Total of all active and inactive participants | 2021-01-01 | 1,520 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2021-01-01 | 44 |
| Total participants | 2021-01-01 | 1,564 |
| 2020: PUERTO RICO FINANCIAL RETIREMENT PLAN 2020 401k membership |
|---|
| Market value of plan assets | 2020-12-31 | 50,321,342 |
| Acturial value of plan assets | 2020-12-31 | 48,547,021 |
| Funding target for retired participants and beneficiaries receiving payment | 2020-12-31 | 30,824,627 |
| Number of terminated vested participants | 2020-12-31 | 847 |
| Fundng target for terminated vested participants | 2020-12-31 | 19,826,826 |
| Active participant vested funding target | 2020-12-31 | 0 |
| Number of active participants | 2020-12-31 | 0 |
| Total funding liabilities for active participants | 2020-12-31 | 0 |
| Total participant count | 2020-12-31 | 1,570 |
| Total funding target for all participants | 2020-12-31 | 50,651,453 |
| Balance at beginning of prior year after applicable adjustments | 2020-12-31 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2020-12-31 | 1,469,622 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2020-12-31 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2020-12-31 | 0 |
| Amount remaining of carryover balance | 2020-12-31 | 0 |
| Amount remaining of prefunding balance | 2020-12-31 | 1,469,622 |
| Present value of excess contributions | 2020-12-31 | 16,301 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2020-12-31 | 17,217 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2020-12-31 | 17,217 |
| Reductions in caryover balances due to elections or deemed elections | 2020-12-31 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2020-12-31 | 0 |
| Balance of carryovers at beginning of current year | 2020-12-31 | 0 |
| Balance of prefunding at beginning of current year | 2020-12-31 | 1,756,956 |
| Total employer contributions | 2020-12-31 | 1,255,000 |
| Total employee contributions | 2020-12-31 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2020-12-31 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2020-12-31 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2020-12-31 | 1,237,981 |
| Liquidity shortfalls end of Q1 | 2020-12-31 | 0 |
| Liquidity shortfalls end of Q2 | 2020-12-31 | 0 |
| Liquidity shortfalls end of Q3 | 2020-12-31 | 0 |
| Liquidity shortfalls end of Q4 | 2020-12-31 | 0 |
| Unpaid minimum required contributions for all prior years | 2020-12-31 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2020-12-31 | 0 |
| Remaining amount of unpaid minimum required contributions | 2020-12-31 | 0 |
| Minimum required contributions for current year target normal cost | 2020-12-31 | 300,000 |
| Net shortfall amortization installment of oustanding balance | 2020-12-31 | 3,861,388 |
| Waiver amortization installment | 2020-12-31 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2020-12-31 | 1,199,919 |
| Additional cash requirement | 2020-12-31 | 1,199,919 |
| Contributions allocatedtoward minimum required contributions for current year | 2020-12-31 | 1,237,981 |
| Unpaid minimum required contributions for current year | 2020-12-31 | 0 |
| Unpaid minimum required contributions for all years | 2020-12-31 | 0 |
| Total participants, beginning-of-year | 2020-01-01 | 1,570 |
| Total number of active participants reported on line 7a of the Form 5500 | 2020-01-01 | 0 |
| Number of retired or separated participants receiving benefits | 2020-01-01 | 725 |
| Number of other retired or separated participants entitled to future benefits | 2020-01-01 | 801 |
| Total of all active and inactive participants | 2020-01-01 | 1,526 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2020-01-01 | 40 |
| Total participants | 2020-01-01 | 1,566 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2020-01-01 | 0 |
| 2019: PUERTO RICO FINANCIAL RETIREMENT PLAN 2019 401k membership |
|---|
| Market value of plan assets | 2019-12-31 | 44,437,590 |
| Acturial value of plan assets | 2019-12-31 | 47,032,184 |
| Funding target for retired participants and beneficiaries receiving payment | 2019-12-31 | 28,745,477 |
| Number of terminated vested participants | 2019-12-31 | 912 |
| Fundng target for terminated vested participants | 2019-12-31 | 20,337,154 |
| Active participant vested funding target | 2019-12-31 | 0 |
| Number of active participants | 2019-12-31 | 0 |
| Total funding liabilities for active participants | 2019-12-31 | 0 |
| Total participant count | 2019-12-31 | 1,577 |
| Total funding target for all participants | 2019-12-31 | 49,082,631 |
| Balance at beginning of prior year after applicable adjustments | 2019-12-31 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2019-12-31 | 2,078,192 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2019-12-31 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2019-12-31 | 531,059 |
| Amount remaining of carryover balance | 2019-12-31 | 0 |
| Amount remaining of prefunding balance | 2019-12-31 | 1,547,133 |
| Present value of excess contributions | 2019-12-31 | 0 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2019-12-31 | 0 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2019-12-31 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2019-12-31 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2019-12-31 | 0 |
| Balance of carryovers at beginning of current year | 2019-12-31 | 0 |
| Balance of prefunding at beginning of current year | 2019-12-31 | 1,469,622 |
| Total employer contributions | 2019-12-31 | 475,000 |
| Total employee contributions | 2019-12-31 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2019-12-31 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2019-12-31 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2019-12-31 | 468,078 |
| Liquidity shortfalls end of Q1 | 2019-12-31 | 0 |
| Liquidity shortfalls end of Q2 | 2019-12-31 | 0 |
| Liquidity shortfalls end of Q3 | 2019-12-31 | 0 |
| Liquidity shortfalls end of Q4 | 2019-12-31 | 0 |
| Unpaid minimum required contributions for all prior years | 2019-12-31 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2019-12-31 | 0 |
| Remaining amount of unpaid minimum required contributions | 2019-12-31 | 0 |
| Minimum required contributions for current year target normal cost | 2019-12-31 | 300,000 |
| Net shortfall amortization installment of oustanding balance | 2019-12-31 | 3,520,069 |
| Waiver amortization installment | 2019-12-31 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2019-12-31 | 451,777 |
| Carryover balance elected to use to offset funding requirement | 2019-12-31 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2019-12-31 | 0 |
| Additional cash requirement | 2019-12-31 | 451,777 |
| Contributions allocatedtoward minimum required contributions for current year | 2019-12-31 | 468,078 |
| Unpaid minimum required contributions for current year | 2019-12-31 | 0 |
| Unpaid minimum required contributions for all years | 2019-12-31 | 0 |
| Total participants, beginning-of-year | 2019-01-01 | 1,577 |
| Total number of active participants reported on line 7a of the Form 5500 | 2019-01-01 | 0 |
| Number of retired or separated participants receiving benefits | 2019-01-01 | 689 |
| Number of other retired or separated participants entitled to future benefits | 2019-01-01 | 847 |
| Total of all active and inactive participants | 2019-01-01 | 1,536 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2019-01-01 | 34 |
| Total participants | 2019-01-01 | 1,570 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2019-01-01 | 0 |
| 2018: PUERTO RICO FINANCIAL RETIREMENT PLAN 2018 401k membership |
|---|
| Market value of plan assets | 2018-12-31 | 49,441,540 |
| Acturial value of plan assets | 2018-12-31 | 47,192,534 |
| Funding target for retired participants and beneficiaries receiving payment | 2018-12-31 | 22,554,152 |
| Number of terminated vested participants | 2018-12-31 | 724 |
| Fundng target for terminated vested participants | 2018-12-31 | 13,783,138 |
| Active participant vested funding target | 2018-12-31 | 9,328,562 |
| Number of active participants | 2018-12-31 | 323 |
| Total funding liabilities for active participants | 2018-12-31 | 10,907,006 |
| Total participant count | 2018-12-31 | 1,626 |
| Total funding target for all participants | 2018-12-31 | 47,244,296 |
| Balance at beginning of prior year after applicable adjustments | 2018-12-31 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2018-12-31 | 0 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2018-12-31 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2018-12-31 | 0 |
| Amount remaining of carryover balance | 2018-12-31 | 0 |
| Amount remaining of prefunding balance | 2018-12-31 | 0 |
| Present value of excess contributions | 2018-12-31 | 1,960,206 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2018-12-31 | 2,078,210 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2018-12-31 | 2,078,192 |
| Reductions in caryover balances due to elections or deemed elections | 2018-12-31 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2018-12-31 | 0 |
| Balance of carryovers at beginning of current year | 2018-12-31 | 0 |
| Balance of prefunding at beginning of current year | 2018-12-31 | 2,078,192 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2018-12-31 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2018-12-31 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2018-12-31 | 0 |
| Liquidity shortfalls end of Q1 | 2018-12-31 | 0 |
| Liquidity shortfalls end of Q2 | 2018-12-31 | 0 |
| Liquidity shortfalls end of Q3 | 2018-12-31 | 0 |
| Liquidity shortfalls end of Q4 | 2018-12-31 | 0 |
| Unpaid minimum required contributions for all prior years | 2018-12-31 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2018-12-31 | 0 |
| Remaining amount of unpaid minimum required contributions | 2018-12-31 | 0 |
| Minimum required contributions for current year target normal cost | 2018-12-31 | 300,000 |
| Net shortfall amortization installment of oustanding balance | 2018-12-31 | 2,129,954 |
| Waiver amortization installment | 2018-12-31 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2018-12-31 | 531,059 |
| Carryover balance elected to use to offset funding requirement | 2018-12-31 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2018-12-31 | 531,059 |
| Additional cash requirement | 2018-12-31 | 0 |
| Contributions allocatedtoward minimum required contributions for current year | 2018-12-31 | 0 |
| Unpaid minimum required contributions for current year | 2018-12-31 | 0 |
| Unpaid minimum required contributions for all years | 2018-12-31 | 0 |
| Total participants, beginning-of-year | 2018-01-01 | 1,626 |
| Total number of active participants reported on line 7a of the Form 5500 | 2018-01-01 | 0 |
| Number of retired or separated participants receiving benefits | 2018-01-01 | 636 |
| Number of other retired or separated participants entitled to future benefits | 2018-01-01 | 912 |
| Total of all active and inactive participants | 2018-01-01 | 1,548 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2018-01-01 | 29 |
| Total participants | 2018-01-01 | 1,577 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2018-01-01 | 0 |
| 2017: PUERTO RICO FINANCIAL RETIREMENT PLAN 2017 401k membership |
|---|
| Market value of plan assets | 2017-12-31 | 43,010,819 |
| Acturial value of plan assets | 2017-12-31 | 43,332,454 |
| Funding target for retired participants and beneficiaries receiving payment | 2017-12-31 | 22,626,895 |
| Number of terminated vested participants | 2017-12-31 | 729 |
| Fundng target for terminated vested participants | 2017-12-31 | 13,007,997 |
| Active participant vested funding target | 2017-12-31 | 8,544,404 |
| Number of active participants | 2017-12-31 | 338 |
| Total funding liabilities for active participants | 2017-12-31 | 10,301,697 |
| Total participant count | 2017-12-31 | 1,632 |
| Total funding target for all participants | 2017-12-31 | 45,936,589 |
| Balance at beginning of prior year after applicable adjustments | 2017-12-31 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2017-12-31 | 0 |
| Amount remaining of carryover balance | 2017-12-31 | 0 |
| Amount remaining of prefunding balance | 2017-12-31 | 0 |
| Present value of excess contributions | 2017-12-31 | 4,024 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2017-12-31 | 4,274 |
| Balance of carryovers at beginning of current year | 2017-12-31 | 0 |
| Balance of prefunding at beginning of current year | 2017-12-31 | 0 |
| Total employer contributions | 2017-12-31 | 3,100,000 |
| Total employee contributions | 2017-12-31 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2017-12-31 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2017-12-31 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2017-12-31 | 2,903,304 |
| Liquidity shortfalls end of Q1 | 2017-12-31 | 0 |
| Liquidity shortfalls end of Q2 | 2017-12-31 | 0 |
| Liquidity shortfalls end of Q3 | 2017-12-31 | 0 |
| Liquidity shortfalls end of Q4 | 2017-12-31 | 0 |
| Unpaid minimum required contributions for all prior years | 2017-12-31 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2017-12-31 | 0 |
| Remaining amount of unpaid minimum required contributions | 2017-12-31 | 0 |
| Minimum required contributions for current year target normal cost | 2017-12-31 | 300,000 |
| Net shortfall amortization installment of oustanding balance | 2017-12-31 | 2,604,135 |
| Waiver amortization installment | 2017-12-31 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2017-12-31 | 943,098 |
| Additional cash requirement | 2017-12-31 | 943,098 |
| Contributions allocatedtoward minimum required contributions for current year | 2017-12-31 | 2,903,304 |
| Unpaid minimum required contributions for current year | 2017-12-31 | 0 |
| Unpaid minimum required contributions for all years | 2017-12-31 | 0 |
| Total participants, beginning-of-year | 2017-01-01 | 1,632 |
| Total number of active participants reported on line 7a of the Form 5500 | 2017-01-01 | 323 |
| Number of retired or separated participants receiving benefits | 2017-01-01 | 553 |
| Number of other retired or separated participants entitled to future benefits | 2017-01-01 | 724 |
| Total of all active and inactive participants | 2017-01-01 | 1,600 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2017-01-01 | 26 |
| Total participants | 2017-01-01 | 1,626 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2017-01-01 | 0 |
| 2016: PUERTO RICO FINANCIAL RETIREMENT PLAN 2016 401k membership |
|---|
| Market value of plan assets | 2016-12-31 | 40,537,686 |
| Acturial value of plan assets | 2016-12-31 | 42,603,863 |
| Funding target for retired participants and beneficiaries receiving payment | 2016-12-31 | 21,671,716 |
| Number of terminated vested participants | 2016-12-31 | 760 |
| Fundng target for terminated vested participants | 2016-12-31 | 12,459,292 |
| Active participant vested funding target | 2016-12-31 | 7,387,396 |
| Number of active participants | 2016-12-31 | 349 |
| Total funding liabilities for active participants | 2016-12-31 | 9,377,897 |
| Total participant count | 2016-12-31 | 1,638 |
| Total funding target for all participants | 2016-12-31 | 43,508,905 |
| Balance at beginning of prior year after applicable adjustments | 2016-12-31 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2016-12-31 | 0 |
| Amount remaining of carryover balance | 2016-12-31 | 0 |
| Amount remaining of prefunding balance | 2016-12-31 | 0 |
| Present value of excess contributions | 2016-12-31 | 4,746 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2016-12-31 | 5,050 |
| Balance of carryovers at beginning of current year | 2016-12-31 | 0 |
| Balance of prefunding at beginning of current year | 2016-12-31 | 0 |
| Total employer contributions | 2016-12-31 | 1,340,000 |
| Total employee contributions | 2016-12-31 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2016-12-31 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2016-12-31 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2016-12-31 | 1,289,384 |
| Liquidity shortfalls end of Q1 | 2016-12-31 | 0 |
| Liquidity shortfalls end of Q2 | 2016-12-31 | 0 |
| Liquidity shortfalls end of Q3 | 2016-12-31 | 0 |
| Liquidity shortfalls end of Q4 | 2016-12-31 | 0 |
| Unpaid minimum required contributions for all prior years | 2016-12-31 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2016-12-31 | 0 |
| Remaining amount of unpaid minimum required contributions | 2016-12-31 | 0 |
| Minimum required contributions for current year target normal cost | 2016-12-31 | 300,000 |
| Net shortfall amortization installment of oustanding balance | 2016-12-31 | 905,042 |
| Total funding amount beforereflecting carryover/prefunding balances | 2016-12-31 | 1,285,360 |
| Additional cash requirement | 2016-12-31 | 1,285,360 |
| Contributions allocatedtoward minimum required contributions for current year | 2016-12-31 | 1,289,384 |
| Unpaid minimum required contributions for current year | 2016-12-31 | 0 |
| Unpaid minimum required contributions for all years | 2016-12-31 | 0 |
| Total participants, beginning-of-year | 2016-01-01 | 1,638 |
| Total number of active participants reported on line 7a of the Form 5500 | 2016-01-01 | 338 |
| Number of retired or separated participants receiving benefits | 2016-01-01 | 538 |
| Number of other retired or separated participants entitled to future benefits | 2016-01-01 | 729 |
| Total of all active and inactive participants | 2016-01-01 | 1,605 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2016-01-01 | 27 |
| Total participants | 2016-01-01 | 1,632 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2016-01-01 | 0 |
| Measure | Date | Value |
|---|
| 2022 : PUERTO RICO FINANCIAL RETIREMENT PLAN 2022 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $56,930 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $67,828 |
| Total income from all sources (including contributions) | 2022-12-31 | $-8,958,756 |
| Total loss/gain on sale of assets | 2022-12-31 | $0 |
| Total of all expenses incurred | 2022-12-31 | $3,089,633 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $2,738,826 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $0 |
| Value of total assets at end of year | 2022-12-31 | $49,017,899 |
| Value of total assets at beginning of year | 2022-12-31 | $61,077,186 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $350,807 |
| Total interest from all sources | 2022-12-31 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $6,870 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $6,870 |
| Administrative expenses professional fees incurred | 2022-12-31 | $117,091 |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $100,000,000 |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-12-31 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-12-31 | $44 |
| Liabilities. Value of operating payables at end of year | 2022-12-31 | $56,930 |
| Liabilities. Value of operating payables at beginning of year | 2022-12-31 | $67,828 |
| Total non interest bearing cash at end of year | 2022-12-31 | $229,963 |
| Total non interest bearing cash at beginning of year | 2022-12-31 | $226,478 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Value of net income/loss | 2022-12-31 | $-12,048,389 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $48,960,969 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $61,009,358 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
| Investment advisory and management fees | 2022-12-31 | $1,841 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $244,012 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $0 |
| Value of interest in common/collective trusts at end of year | 2022-12-31 | $48,543,924 |
| Value of interest in common/collective trusts at beginning of year | 2022-12-31 | $60,409,567 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-12-31 | $0 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-12-31 | $441,097 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-12-31 | $441,097 |
| Net investment gain or loss from common/collective trusts | 2022-12-31 | $-8,965,626 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $2,738,826 |
| Contract administrator fees | 2022-12-31 | $231,875 |
| Did the plan have assets held for investment | 2022-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
| Accountancy firm name | 2022-12-31 | KPMG, LLP |
| Accountancy firm EIN | 2022-12-31 | 135565207 |
| 2021 : PUERTO RICO FINANCIAL RETIREMENT PLAN 2021 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2021-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $67,828 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $45,986 |
| Total income from all sources (including contributions) | 2021-12-31 | $8,723,887 |
| Total loss/gain on sale of assets | 2021-12-31 | $0 |
| Total of all expenses incurred | 2021-12-31 | $2,996,977 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $2,656,268 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $3,200,000 |
| Value of total assets at end of year | 2021-12-31 | $61,077,186 |
| Value of total assets at beginning of year | 2021-12-31 | $55,328,434 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $340,709 |
| Total interest from all sources | 2021-12-31 | $596 |
| Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $20 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2021-12-31 | $20 |
| Administrative expenses professional fees incurred | 2021-12-31 | $123,061 |
| Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
| Value of fidelity bond cover | 2021-12-31 | $100,000,000 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2021-12-31 | $44 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2021-12-31 | $62 |
| Liabilities. Value of operating payables at end of year | 2021-12-31 | $67,828 |
| Liabilities. Value of operating payables at beginning of year | 2021-12-31 | $45,986 |
| Total non interest bearing cash at end of year | 2021-12-31 | $226,478 |
| Total non interest bearing cash at beginning of year | 2021-12-31 | $218,250 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Value of net income/loss | 2021-12-31 | $5,726,910 |
| Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $61,009,358 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $55,282,448 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
| Investment advisory and management fees | 2021-12-31 | $2,310 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $0 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $246,477 |
| Value of interest in common/collective trusts at end of year | 2021-12-31 | $60,409,567 |
| Value of interest in common/collective trusts at beginning of year | 2021-12-31 | $54,704,311 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2021-12-31 | $441,097 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2021-12-31 | $159,334 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2021-12-31 | $159,334 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2021-12-31 | $596 |
| Net investment gain or loss from common/collective trusts | 2021-12-31 | $5,523,271 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
| Contributions received in cash from employer | 2021-12-31 | $3,200,000 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $2,656,268 |
| Contract administrator fees | 2021-12-31 | $215,338 |
| Did the plan have assets held for investment | 2021-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
| Accountancy firm name | 2021-12-31 | KPMG, LLP |
| Accountancy firm EIN | 2021-12-31 | 135565207 |
| 2020 : PUERTO RICO FINANCIAL RETIREMENT PLAN 2020 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2020-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $45,986 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $42,948 |
| Total income from all sources (including contributions) | 2020-12-31 | $7,857,295 |
| Total loss/gain on sale of assets | 2020-12-31 | $0 |
| Total of all expenses incurred | 2020-12-31 | $2,896,189 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $2,576,696 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $1,255,000 |
| Value of total assets at end of year | 2020-12-31 | $55,328,434 |
| Value of total assets at beginning of year | 2020-12-31 | $50,364,290 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $319,493 |
| Total interest from all sources | 2020-12-31 | $2,464 |
| Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $477 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2020-12-31 | $477 |
| Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
| Value of fidelity bond cover | 2020-12-31 | $100,000,000 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2020-12-31 | $62 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2020-12-31 | $484 |
| Administrative expenses (other) incurred | 2020-12-31 | $319,493 |
| Liabilities. Value of operating payables at end of year | 2020-12-31 | $45,986 |
| Liabilities. Value of operating payables at beginning of year | 2020-12-31 | $42,948 |
| Total non interest bearing cash at end of year | 2020-12-31 | $218,250 |
| Total non interest bearing cash at beginning of year | 2020-12-31 | $211,168 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
| Value of net income/loss | 2020-12-31 | $4,961,106 |
| Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $55,282,448 |
| Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $50,321,342 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-12-31 | $246,477 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-12-31 | $0 |
| Value of interest in common/collective trusts at end of year | 2020-12-31 | $54,704,311 |
| Value of interest in common/collective trusts at beginning of year | 2020-12-31 | $50,054,957 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2020-12-31 | $159,334 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2020-12-31 | $97,681 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2020-12-31 | $97,681 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2020-12-31 | $2,464 |
| Net investment gain or loss from common/collective trusts | 2020-12-31 | $6,599,354 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
| Contributions received in cash from employer | 2020-12-31 | $1,255,000 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $2,576,696 |
| Did the plan have assets held for investment | 2020-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
| Aggregate proceeds on sale of assets | 2020-12-31 | $57,632,816 |
| Aggregate carrying amount (costs) on sale of assets | 2020-12-31 | $57,632,816 |
| Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Disclaimer |
| Accountancy firm name | 2020-12-31 | KPMG, LLP |
| Accountancy firm EIN | 2020-12-31 | 135565207 |
| 2019 : PUERTO RICO FINANCIAL RETIREMENT PLAN 2019 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2019-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $42,948 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $59,979 |
| Total income from all sources (including contributions) | 2019-12-31 | $8,475,039 |
| Total loss/gain on sale of assets | 2019-12-31 | $0 |
| Total of all expenses incurred | 2019-12-31 | $2,591,287 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $2,292,862 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $475,000 |
| Value of total assets at end of year | 2019-12-31 | $50,364,290 |
| Value of total assets at beginning of year | 2019-12-31 | $44,497,569 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $298,425 |
| Total interest from all sources | 2019-12-31 | $8,407 |
| 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 year | 2019-12-31 | No |
| Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
| Value of fidelity bond cover | 2019-12-31 | $100,000,000 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2019-12-31 | $484 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2019-12-31 | $1,274 |
| Administrative expenses (other) incurred | 2019-12-31 | $298,425 |
| Liabilities. Value of operating payables at end of year | 2019-12-31 | $42,948 |
| Liabilities. Value of operating payables at beginning of year | 2019-12-31 | $59,979 |
| Total non interest bearing cash at end of year | 2019-12-31 | $211,168 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
| Value of net income/loss | 2019-12-31 | $5,883,752 |
| Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $50,321,342 |
| Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $44,437,590 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
| Value of interest in common/collective trusts at end of year | 2019-12-31 | $50,054,957 |
| Value of interest in common/collective trusts at beginning of year | 2019-12-31 | $44,138,325 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2019-12-31 | $97,681 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2019-12-31 | $357,970 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2019-12-31 | $357,970 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2019-12-31 | $8,407 |
| Net investment gain or loss from common/collective trusts | 2019-12-31 | $7,991,632 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
| Contributions received in cash from employer | 2019-12-31 | $475,000 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $2,292,862 |
| Did the plan have assets held for investment | 2019-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
| Aggregate proceeds on sale of assets | 2019-12-31 | $2,819,486 |
| Aggregate carrying amount (costs) on sale of assets | 2019-12-31 | $2,819,486 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Disclaimer |
| Accountancy firm name | 2019-12-31 | KPMG, LLP |
| Accountancy firm EIN | 2019-12-31 | 135565207 |
| 2018 : PUERTO RICO FINANCIAL RETIREMENT PLAN 2018 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2018-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $59,979 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $55,385 |
| Total income from all sources (including contributions) | 2018-12-31 | $-2,375,560 |
| Total loss/gain on sale of assets | 2018-12-31 | $0 |
| Total of all expenses incurred | 2018-12-31 | $2,670,262 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-12-31 | $2,334,958 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-12-31 | $0 |
| Value of total assets at end of year | 2018-12-31 | $44,497,569 |
| Value of total assets at beginning of year | 2018-12-31 | $49,538,797 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-12-31 | $335,304 |
| Total interest from all sources | 2018-12-31 | $22,823 |
| 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 year | 2018-12-31 | No |
| Was this plan covered by a fidelity bond | 2018-12-31 | Yes |
| Value of fidelity bond cover | 2018-12-31 | $100,000,000 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2018-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2018-12-31 | No |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2018-12-31 | $1,274 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2018-12-31 | $1,034 |
| Administrative expenses (other) incurred | 2018-12-31 | $335,304 |
| Liabilities. Value of operating payables at end of year | 2018-12-31 | $59,979 |
| Liabilities. Value of operating payables at beginning of year | 2018-12-31 | $55,385 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
| Value of net income/loss | 2018-12-31 | $-5,045,822 |
| Value of net assets at end of year (total assets less liabilities) | 2018-12-31 | $44,437,590 |
| Value of net assets at beginning of year (total assets less liabilities) | 2018-12-31 | $49,483,412 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2018-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2018-12-31 | No |
| Value of interest in common/collective trusts at end of year | 2018-12-31 | $44,138,325 |
| Value of interest in common/collective trusts at beginning of year | 2018-12-31 | $46,736,708 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2018-12-31 | $357,970 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2018-12-31 | $681,055 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2018-12-31 | $681,055 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2018-12-31 | $22,823 |
| Net investment gain or loss from common/collective trusts | 2018-12-31 | $-2,398,383 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-12-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2018-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2018-12-31 | No |
| Employer contributions (assets) at beginning of year | 2018-12-31 | $2,120,000 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-12-31 | $2,334,958 |
| Did the plan have assets held for investment | 2018-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-12-31 | No |
| Aggregate proceeds on sale of assets | 2018-12-31 | $2,665,668 |
| Aggregate carrying amount (costs) on sale of assets | 2018-12-31 | $2,665,668 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2018-12-31 | Disclaimer |
| Accountancy firm name | 2018-12-31 | KPMG, LLP |
| Accountancy firm EIN | 2018-12-31 | 135565207 |
| 2017 : PUERTO RICO FINANCIAL RETIREMENT PLAN 2017 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2017-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-12-31 | $55,385 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-12-31 | $74,103 |
| Total income from all sources (including contributions) | 2017-12-31 | $8,773,472 |
| Total loss/gain on sale of assets | 2017-12-31 | $0 |
| Total of all expenses incurred | 2017-12-31 | $2,301,100 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2017-12-31 | $2,014,463 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2017-12-31 | $3,100,000 |
| Value of total assets at end of year | 2017-12-31 | $49,538,797 |
| Value of total assets at beginning of year | 2017-12-31 | $43,085,143 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2017-12-31 | $286,637 |
| Total interest from all sources | 2017-12-31 | $8,418 |
| 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 year | 2017-12-31 | No |
| Was this plan covered by a fidelity bond | 2017-12-31 | Yes |
| Value of fidelity bond cover | 2017-12-31 | $100,000,000 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2017-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2017-12-31 | No |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2017-12-31 | $1,034 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2017-12-31 | $888,102 |
| Administrative expenses (other) incurred | 2017-12-31 | $286,637 |
| Liabilities. Value of operating payables at end of year | 2017-12-31 | $55,385 |
| Liabilities. Value of operating payables at beginning of year | 2017-12-31 | $74,103 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-12-31 | No |
| Value of net income/loss | 2017-12-31 | $6,472,372 |
| Value of net assets at end of year (total assets less liabilities) | 2017-12-31 | $49,483,412 |
| Value of net assets at beginning of year (total assets less liabilities) | 2017-12-31 | $43,011,040 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2017-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2017-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2017-12-31 | No |
| Value of interest in common/collective trusts at end of year | 2017-12-31 | $46,736,708 |
| Value of interest in common/collective trusts at beginning of year | 2017-12-31 | $41,271,654 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2017-12-31 | $681,055 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2017-12-31 | $590,387 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2017-12-31 | $590,387 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2017-12-31 | $8,418 |
| Net investment gain or loss from common/collective trusts | 2017-12-31 | $5,665,054 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2017-12-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2017-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2017-12-31 | No |
| Contributions received in cash from employer | 2017-12-31 | $3,100,000 |
| Employer contributions (assets) at end of year | 2017-12-31 | $2,120,000 |
| Employer contributions (assets) at beginning of year | 2017-12-31 | $335,000 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2017-12-31 | $2,014,463 |
| Did the plan have assets held for investment | 2017-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2017-12-31 | No |
| Aggregate proceeds on sale of assets | 2017-12-31 | $2,869,818 |
| Aggregate carrying amount (costs) on sale of assets | 2017-12-31 | $2,869,818 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2017-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2017-12-31 | Disclaimer |
| Accountancy firm name | 2017-12-31 | KPMG, LLP |
| Accountancy firm EIN | 2017-12-31 | 135565207 |
| 2016 : PUERTO RICO FINANCIAL RETIREMENT PLAN 2016 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2016-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $74,103 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $43,812 |
| Total income from all sources (including contributions) | 2016-12-31 | $4,859,977 |
| Total loss/gain on sale of assets | 2016-12-31 | $0 |
| Total of all expenses incurred | 2016-12-31 | $2,387,016 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2016-12-31 | $2,017,175 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2016-12-31 | $1,340,000 |
| Value of total assets at end of year | 2016-12-31 | $43,085,143 |
| Value of total assets at beginning of year | 2016-12-31 | $40,581,891 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2016-12-31 | $369,841 |
| Total interest from all sources | 2016-12-31 | $1,775 |
| 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 year | 2016-12-31 | No |
| Was this plan covered by a fidelity bond | 2016-12-31 | Yes |
| Value of fidelity bond cover | 2016-12-31 | $100,000,000 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2016-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2016-12-31 | No |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2016-12-31 | $888,102 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2016-12-31 | $26 |
| Other income not declared elsewhere | 2016-12-31 | $888,024 |
| Administrative expenses (other) incurred | 2016-12-31 | $369,841 |
| Liabilities. Value of operating payables at end of year | 2016-12-31 | $74,103 |
| Liabilities. Value of operating payables at beginning of year | 2016-12-31 | $43,812 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
| Value of net income/loss | 2016-12-31 | $2,472,961 |
| Value of net assets at end of year (total assets less liabilities) | 2016-12-31 | $43,011,040 |
| Value of net assets at beginning of year (total assets less liabilities) | 2016-12-31 | $40,538,079 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2016-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2016-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2016-12-31 | No |
| Value of interest in common/collective trusts at end of year | 2016-12-31 | $41,271,654 |
| Value of interest in common/collective trusts at beginning of year | 2016-12-31 | $39,981,477 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2016-12-31 | $590,387 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2016-12-31 | $215,388 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2016-12-31 | $215,388 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2016-12-31 | $1,775 |
| Net investment gain or loss from common/collective trusts | 2016-12-31 | $2,630,178 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2016-12-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2016-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2016-12-31 | No |
| Contributions received in cash from employer | 2016-12-31 | $1,340,000 |
| Employer contributions (assets) at end of year | 2016-12-31 | $335,000 |
| Employer contributions (assets) at beginning of year | 2016-12-31 | $385,000 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2016-12-31 | $2,017,175 |
| Did the plan have assets held for investment | 2016-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2016-12-31 | No |
| Aggregate proceeds on sale of assets | 2016-12-31 | $2,356,724 |
| Aggregate carrying amount (costs) on sale of assets | 2016-12-31 | $2,356,724 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2016-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2016-12-31 | Disclaimer |
| Accountancy firm name | 2016-12-31 | KPMG, LLP |
| Accountancy firm EIN | 2016-12-31 | 135565207 |
