?>
Logo

BANCO SANTANDER DE PUERTO RICO EMPLOYEES' RETIREMENT PLAN 401k Plan overview

Plan NameBANCO SANTANDER DE PUERTO RICO EMPLOYEES' RETIREMENT PLAN
Plan identification number 001

BANCO SANTANDER DE PUERTO RICO EMPLOYEES' RETIREMENT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan not intended to be qualified - A plan not intended to be qualified under Code sections 401, 403, or 408.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

GRUPO SANTANDER PR has sponsored the creation of one or more 401k plans.

Company Name:GRUPO SANTANDER PR
Employer identification number (EIN):660312389
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BANCO SANTANDER DE PUERTO RICO EMPLOYEES' RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01
0012018-01-01
0012017-01-01CRISELYRIS MELENDEZ
0012016-01-01CRISELYRIS MELENDEZ
0012015-01-01CRISELYRIS MELENDEZ
0012014-01-01CRISELYRIS MELENDEZ
0012013-01-01CRISELYRIS MELENDEZ
0012012-01-01CRISELYRIS MELENDEZ
0012011-01-01ARLENE PAGAN ADAMES
0012009-01-01ARLENE PAGAN ARLENE PAGAN2010-10-14
0012009-01-01SHERRY Z. WEINBERG SHERRY Z. WEINBERG2010-10-15
0012009-01-01CARMEN ARLENE PAGAN CARMEN ARLENE PAGAN2010-10-14

Plan Statistics for BANCO SANTANDER DE PUERTO RICO EMPLOYEES' RETIREMENT PLAN

401k plan membership statisitcs for BANCO SANTANDER DE PUERTO RICO EMPLOYEES' RETIREMENT PLAN

Measure Date Value
2019: BANCO SANTANDER DE PUERTO RICO EMPLOYEES' RETIREMENT PLAN 2019 401k membership
Market value of plan assets2019-12-3150,743,767
Acturial value of plan assets2019-12-3151,859,971
Funding target for retired participants and beneficiaries receiving payment2019-12-3130,406,207
Number of terminated vested participants2019-12-31526
Fundng target for terminated vested participants2019-12-3112,585,525
Active participant vested funding target2019-12-315,714,995
Number of active participants2019-12-31312
Total funding liabilities for active participants2019-12-316,116,294
Total participant count2019-12-311,604
Total funding target for all participants2019-12-3149,108,026
Balance at beginning of prior year after applicable adjustments2019-12-312,151,032
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 balance2019-12-312,151,032
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-310
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 year2019-12-312,127,371
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-310
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 date2019-12-310
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 balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
Total participants, beginning-of-year2019-01-011,604
Total number of active participants reported on line 7a of the Form 55002019-01-01294
Number of retired or separated participants receiving benefits2019-01-01742
Number of other retired or separated participants entitled to future benefits2019-01-01478
Total of all active and inactive participants2019-01-011,514
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-0180
Total participants2019-01-011,594
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: BANCO SANTANDER DE PUERTO RICO EMPLOYEES' RETIREMENT PLAN 2018 401k membership
Market value of plan assets2018-12-3154,430,092
Acturial value of plan assets2018-12-3151,297,324
Funding target for retired participants and beneficiaries receiving payment2018-12-3128,485,187
Number of terminated vested participants2018-12-31741
Fundng target for terminated vested participants2018-12-3113,597,116
Active participant vested funding target2018-12-315,843,675
Number of active participants2018-12-31336
Total funding liabilities for active participants2018-12-316,227,349
Total participant count2018-12-311,798
Total funding target for all participants2018-12-3148,309,652
Balance at beginning of prior year after applicable adjustments2018-12-311,858,022
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 balance2018-12-311,858,022
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-310
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 year2018-12-312,151,032
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-310
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 date2018-12-310
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 balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-310
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
Total participants, beginning-of-year2018-01-011,798
Total number of active participants reported on line 7a of the Form 55002018-01-01312
Number of retired or separated participants receiving benefits2018-01-01710
Number of other retired or separated participants entitled to future benefits2018-01-01506
Total of all active and inactive participants2018-01-011,528
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-0176
Total participants2018-01-011,604
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: BANCO SANTANDER DE PUERTO RICO EMPLOYEES' RETIREMENT PLAN 2017 401k membership
Market value of plan assets2017-12-3149,424,084
Acturial value of plan assets2017-12-3150,175,749
Funding target for retired participants and beneficiaries receiving payment2017-12-3126,116,548
Number of terminated vested participants2017-12-31742
Fundng target for terminated vested participants2017-12-3113,285,487
Active participant vested funding target2017-12-315,534,566
Number of active participants2017-12-31373
Total funding liabilities for active participants2017-12-315,982,894
Total participant count2017-12-311,807
Total funding target for all participants2017-12-3145,384,929
Balance at beginning of prior year after applicable adjustments2017-12-311,726,465
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 balance2017-12-311,726,465
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
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 year2017-12-311,858,022
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-310
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 date2017-12-310
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 balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
Total participants, beginning-of-year2017-01-011,807
Total number of active participants reported on line 7a of the Form 55002017-01-01336
Number of retired or separated participants receiving benefits2017-01-01675
Number of other retired or separated participants entitled to future benefits2017-01-01722
Total of all active and inactive participants2017-01-011,733
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-0165
Total participants2017-01-011,798
2016: BANCO SANTANDER DE PUERTO RICO EMPLOYEES' RETIREMENT PLAN 2016 401k membership
Market value of plan assets2016-12-3148,333,869
Acturial value of plan assets2016-12-3150,600,097
Funding target for retired participants and beneficiaries receiving payment2016-12-3125,384,115
Number of terminated vested participants2016-12-31738
Fundng target for terminated vested participants2016-12-3112,292,932
Active participant vested funding target2016-12-316,114,014
Number of active participants2016-12-31415
Total funding liabilities for active participants2016-12-316,661,175
Total participant count2016-12-311,823
Total funding target for all participants2016-12-3144,338,222
Balance at beginning of prior year after applicable adjustments2016-12-311,718,218
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 balance2016-12-311,718,218
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-310
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 year2016-12-311,726,465
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-310
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 date2016-12-310
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 balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-310
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
Total participants, beginning-of-year2016-01-011,823
Total number of active participants reported on line 7a of the Form 55002016-01-01373
Number of retired or separated participants receiving benefits2016-01-01650
Number of other retired or separated participants entitled to future benefits2016-01-01742
Total of all active and inactive participants2016-01-011,765
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-0142
Total participants2016-01-011,807
2015: BANCO SANTANDER DE PUERTO RICO EMPLOYEES' RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-011,979
Total number of active participants reported on line 7a of the Form 55002015-01-01415
Number of retired or separated participants receiving benefits2015-01-01629
Number of other retired or separated participants entitled to future benefits2015-01-01738
Total of all active and inactive participants2015-01-011,782
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-0141
Total participants2015-01-011,823
2014: BANCO SANTANDER DE PUERTO RICO EMPLOYEES' RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-012,072
Total number of active participants reported on line 7a of the Form 55002014-01-01442
Number of retired or separated participants receiving benefits2014-01-01620
Number of other retired or separated participants entitled to future benefits2014-01-01882
Total of all active and inactive participants2014-01-011,944
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-0135
Total participants2014-01-011,979
2013: BANCO SANTANDER DE PUERTO RICO EMPLOYEES' RETIREMENT PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01916
Total number of active participants reported on line 7a of the Form 55002013-01-01884
Number of retired or separated participants receiving benefits2013-01-0128
Number of other retired or separated participants entitled to future benefits2013-01-01730
Total of all active and inactive participants2013-01-011,642
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-011,642
Number of participants with account balances2013-01-011,642
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-01323
2012: BANCO SANTANDER DE PUERTO RICO EMPLOYEES' RETIREMENT PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-012,080
Total number of active participants reported on line 7a of the Form 55002012-01-01531
Number of retired or separated participants receiving benefits2012-01-01551
Number of other retired or separated participants entitled to future benefits2012-01-01966
Total of all active and inactive participants2012-01-012,048
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-0129
Total participants2012-01-012,077
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: BANCO SANTANDER DE PUERTO RICO EMPLOYEES' RETIREMENT PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-011,646
Total of all active and inactive participants2011-01-010
Total participants2011-01-010
Number of participants with account balances2011-01-011,698
2009: BANCO SANTANDER DE PUERTO RICO EMPLOYEES' RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-012,146
Total number of active participants reported on line 7a of the Form 55002009-01-01720
Number of retired or separated participants receiving benefits2009-01-01504
Number of other retired or separated participants entitled to future benefits2009-01-01853
Total of all active and inactive participants2009-01-012,077
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-0123
Total participants2009-01-012,100
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-015
Number of participants with account balances2009-01-01156

Financial Data on BANCO SANTANDER DE PUERTO RICO EMPLOYEES' RETIREMENT PLAN

Measure Date Value
2019 : BANCO SANTANDER DE PUERTO RICO EMPLOYEES' 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$10,050,409
Total income from all sources (including contributions)2019-12-31$10,050,409
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$2,986,784
Total of all expenses incurred2019-12-31$2,986,784
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$2,986,784
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$2,986,784
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$0
Value of total assets at end of year2019-12-31$57,811,836
Value of total assets at end of year2019-12-31$57,811,836
Value of total assets at beginning of year2019-12-31$50,748,211
Value of total assets at beginning of year2019-12-31$50,748,211
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$16,790
Total interest from all sources2019-12-31$16,790
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$10,000,000
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
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$601
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$601
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$776
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$776
Other income not declared elsewhere2019-12-31$3,441
Other income not declared elsewhere2019-12-31$3,441
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$7,063,625
Value of net income/loss2019-12-31$7,063,625
Value of net assets at end of year (total assets less liabilities)2019-12-31$57,811,836
Value of net assets at end of year (total assets less liabilities)2019-12-31$57,811,836
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$50,748,211
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$50,748,211
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 common/collective trusts at end of year2019-12-31$57,288,721
Value of interest in common/collective trusts at end of year2019-12-31$57,288,721
Value of interest in common/collective trusts at beginning of year2019-12-31$50,258,544
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$522,514
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$488,891
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$488,891
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$488,891
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$488,891
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$16,790
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$16,790
Net investment gain or loss from common/collective trusts2019-12-31$10,030,178
Net investment gain or loss from common/collective trusts2019-12-31$10,030,178
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$2,986,784
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$2,986,784
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
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
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31RSM PUERTO RICO
Accountancy firm name2019-12-31RSM PUERTO RICO
Accountancy firm EIN2019-12-31660388756
Accountancy firm EIN2019-12-31660388756
2018 : BANCO SANTANDER DE PUERTO RICO EMPLOYEES' 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$0
Total income from all sources (including contributions)2018-12-31$-583,671
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$3,098,209
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$3,098,209
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$0
Value of total assets at end of year2018-12-31$50,748,211
Value of total assets at beginning of year2018-12-31$54,430,091
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$0
Total interest from all sources2018-12-31$301,868
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$520,562
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$10,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
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
Assets. Other investments not covered elsewhere at end of year2018-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2018-12-31$775,880
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$776
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$98,778
Other income not declared elsewhere2018-12-31$1,736
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-3,681,880
Value of net assets at end of year (total assets less liabilities)2018-12-31$50,748,211
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$54,430,091
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$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$12,020,060
Income. Interest from US Government securities2018-12-31$80,016
Income. Interest from corporate debt instruments2018-12-31$197,529
Value of interest in common/collective trusts at end of year2018-12-31$50,258,544
Value of interest in common/collective trusts at beginning of year2018-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$488,891
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$1,302,133
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$1,302,133
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$24,323
Asset value of US Government securities at end of year2018-12-31$0
Asset value of US Government securities at beginning of year2018-12-31$3,924,681
Net investment gain or loss from common/collective trusts2018-12-31$-1,407,837
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
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
Income. Dividends from common stock2018-12-31$520,562
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$3,098,209
Asset. Corporate debt instrument debt (other) at end of year2018-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2018-12-31$11,919,482
Assets. Corporate common stocks other than exployer securities at end of year2018-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2018-12-31$24,389,077
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 : BANCO SANTANDER DE PUERTO RICO EMPLOYEES' RETIREMENT PLAN 2017 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2017-12-31$2,054,273
Total unrealized appreciation/depreciation of assets2017-12-31$2,054,273
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$7,589,844
Total loss/gain on sale of assets2017-12-31$2,393,282
Total of all expenses incurred2017-12-31$2,583,837
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$2,583,837
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$0
Value of total assets at end of year2017-12-31$54,430,091
Value of total assets at beginning of year2017-12-31$49,424,084
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$0
Total interest from all sources2017-12-31$270,015
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$690,684
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$690,949
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$10,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
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
Assets. Other investments not covered elsewhere at end of year2017-12-31$775,880
Assets. Other investments not covered elsewhere at beginning of year2017-12-31$901,055
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$98,778
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$135,727
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$5,006,007
Value of net assets at end of year (total assets less liabilities)2017-12-31$54,430,091
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$49,424,084
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$12,020,060
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$11,201,450
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$1,302,133
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$522,715
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$522,715
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$270,015
Asset value of US Government securities at end of year2017-12-31$3,924,681
Asset value of US Government securities at beginning of year2017-12-31$2,930,380
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$2,181,590
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Income. Dividends from common stock2017-12-31$-265
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$2,583,837
Asset. Corporate debt instrument debt (other) at end of year2017-12-31$11,919,482
Asset. Corporate debt instrument debt (other) at beginning of year2017-12-31$10,327,568
Assets. Corporate common stocks other than exployer securities at end of year2017-12-31$24,389,077
Assets. Corporate common stocks other than exployer securities at beginning of year2017-12-31$23,405,189
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
Aggregate proceeds on sale of assets2017-12-31$2,393,282
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 : BANCO SANTANDER DE PUERTO RICO EMPLOYEES' 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$3,588,464
Total loss/gain on sale of assets2016-12-31$1,308,682
Total of all expenses incurred2016-12-31$2,497,849
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$2,497,849
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$0
Value of total assets at end of year2016-12-31$49,424,084
Value of total assets at beginning of year2016-12-31$48,333,469
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$0
Total interest from all sources2016-12-31$395,110
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$787,230
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$787,230
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$10,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Assets. Other investments not covered elsewhere at end of year2016-12-31$901,055
Assets. Other investments not covered elsewhere at beginning of year2016-12-31$1,811,516
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-12-31$135,727
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$101,332
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$1,090,615
Value of net assets at end of year (total assets less liabilities)2016-12-31$49,424,084
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$48,333,469
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$11,201,450
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$1,813,333
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$522,715
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$920,381
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$920,381
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$395,110
Asset value of US Government securities at end of year2016-12-31$2,930,380
Asset value of US Government securities at beginning of year2016-12-31$2,912,056
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$1,097,442
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$2,497,849
Asset. Corporate debt instrument debt (other) at end of year2016-12-31$10,327,568
Asset. Corporate debt instrument debt (other) at beginning of year2016-12-31$10,951,481
Assets. Corporate common stocks other than exployer securities at end of year2016-12-31$23,405,189
Assets. Corporate common stocks other than exployer securities at beginning of year2016-12-31$29,823,370
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
Aggregate proceeds on sale of assets2016-12-31$1,308,682
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31BDO PUERTO RICO, PSC
Accountancy firm EIN2016-12-31660578857
2015 : BANCO SANTANDER DE PUERTO RICO EMPLOYEES' RETIREMENT PLAN 2015 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2015-12-31$-2,553,977
Total unrealized appreciation/depreciation of assets2015-12-31$-2,553,977
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$145,207
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$3,860,706
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$3,860,706
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$0
Value of total assets at end of year2015-12-31$48,333,469
Value of total assets at beginning of year2015-12-31$52,048,968
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$0
Total interest from all sources2015-12-31$322,177
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$742,124
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$742,124
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$10,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
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
Assets. Other investments not covered elsewhere at end of year2015-12-31$1,811,516
Assets. Other investments not covered elsewhere at beginning of year2015-12-31$2,104,855
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-12-31$101,332
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-12-31$86,300
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-3,715,499
Value of net assets at end of year (total assets less liabilities)2015-12-31$48,333,469
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$52,048,968
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$1,813,333
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$2,262,739
Interest earned on other investments2015-12-31$322,177
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$920,381
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$1,900,109
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$1,900,109
Asset value of US Government securities at end of year2015-12-31$2,912,056
Asset value of US Government securities at beginning of year2015-12-31$2,154,418
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$1,634,883
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$3,860,706
Asset. Corporate debt instrument debt (other) at end of year2015-12-31$10,951,481
Asset. Corporate debt instrument debt (other) at beginning of year2015-12-31$10,995,413
Assets. Corporate common stocks other than exployer securities at end of year2015-12-31$29,823,370
Assets. Corporate common stocks other than exployer securities at beginning of year2015-12-31$32,545,134
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31BDO PUERTO RICO, PSC
Accountancy firm EIN2015-12-31660578857
2014 : BANCO SANTANDER DE PUERTO RICO EMPLOYEES' RETIREMENT PLAN 2014 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2014-12-31$-208,313
Total unrealized appreciation/depreciation of assets2014-12-31$-208,313
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$3,925,430
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$2,552,422
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$2,552,422
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$770,162
Value of total assets at end of year2014-12-31$52,048,968
Value of total assets at beginning of year2014-12-31$50,675,960
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$0
Total interest from all sources2014-12-31$288,450
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$727,291
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$10,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
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
Assets. Other investments not covered elsewhere at end of year2014-12-31$2,104,855
Assets. Other investments not covered elsewhere at beginning of year2014-12-31$3,398,157
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-12-31$86,300
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-12-31$109,515
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$1,373,008
Value of net assets at end of year (total assets less liabilities)2014-12-31$52,048,968
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$50,675,960
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$2,262,739
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$1,739,367
Income. Interest from US Government securities2014-12-31$18,800
Income. Interest from corporate debt instruments2014-12-31$268,209
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$1,900,109
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$1,975,562
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$1,975,562
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-12-31$1,441
Asset value of US Government securities at end of year2014-12-31$2,154,418
Asset value of US Government securities at beginning of year2014-12-31$855,236
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$2,347,840
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
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
Contributions received in cash from employer2014-12-31$770,162
Employer contributions (assets) at end of year2014-12-31$0
Employer contributions (assets) at beginning of year2014-12-31$575,316
Income. Dividends from common stock2014-12-31$727,291
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$2,552,422
Asset. Corporate debt instrument debt (other) at end of year2014-12-31$10,995,413
Asset. Corporate debt instrument debt (other) at beginning of year2014-12-31$10,294,934
Assets. Corporate common stocks other than exployer securities at end of year2014-12-31$32,545,134
Assets. Corporate common stocks other than exployer securities at beginning of year2014-12-31$31,727,873
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 : BANCO SANTANDER DE PUERTO RICO EMPLOYEES' RETIREMENT PLAN 2013 401k financial data
Unrealized appreciation/depreciation of real estate assets2013-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$0
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
Expenses. Interest paid2013-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022013-12-31$0
Total income from all sources (including contributions)2013-12-31$9,897,012
Total loss/gain on sale of assets2013-12-31$1,975,963
Total of all expenses incurred2013-12-31$2,241,365
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$2,241,365
Expenses. Certain deemed distributions of participant loans2013-12-31$15,548
Value of total corrective distributions2013-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$2,825,090
Value of total assets at end of year2013-12-31$50,675,960
Value of total assets at beginning of year2013-12-31$43,020,313
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$0
Total income from rents2013-12-31$0
Total interest from all sources2013-12-31$280,158
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$599,960
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$70,383
Assets. Real estate other than employer real property at end of year2013-12-31$0
Assets. Real estate other than employer real property at beginning of year2013-12-31$0
Administrative expenses professional fees incurred2013-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2013-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2013-12-31$0
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$10,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
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
Contributions received from participants2013-12-31$1,329,817
Participant contributions at end of year2013-12-31$89,922
Participant contributions at beginning of year2013-12-31$102,856
Participant contributions at end of year2013-12-31$0
Participant contributions at beginning of year2013-12-31$144,355
Assets. Other investments not covered elsewhere at end of year2013-12-31$3,398,157
Assets. Other investments not covered elsewhere at beginning of year2013-12-31$4,046,034
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$9,806
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2013-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$109,515
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-12-31$156,663
Assets. Loans (other than to participants) at end of year2013-12-31$0
Assets. Loans (other than to participants) at beginning of year2013-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2013-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2013-12-31$0
Other income not declared elsewhere2013-12-31$2,449
Administrative expenses (other) incurred2013-12-31$0
Total non interest bearing cash at end of year2013-12-31$0
Total non interest bearing cash at beginning of year2013-12-31$0
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
Income. Non cash contributions2013-12-31$0
Value of net income/loss2013-12-31$7,655,647
Value of net assets at end of year (total assets less liabilities)2013-12-31$50,675,960
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$43,020,313
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
Assets. partnership/joint venture interests at end of year2013-12-31$0
Assets. partnership/joint venture interests at beginning of year2013-12-31$0
Investment advisory and management fees2013-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$1,739,367
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$1,709,015
Interest on participant loans2013-12-31$5,154
Income. Interest from loans (other than to participants)2013-12-31$0
Interest earned on other investments2013-12-31$-47,149
Income. Interest from US Government securities2013-12-31$0
Income. Interest from corporate debt instruments2013-12-31$325,493
Value of interest in master investment trust accounts at end of year2013-12-31$0
Value of interest in master investment trust accounts at beginning of year2013-12-31$0
Value of interest in common/collective trusts at end of year2013-12-31$0
Value of interest in common/collective trusts 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$1,975,562
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$1,532,802
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$1,532,802
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$1,814
Assets. Value of investments in 103.12 investment entities at end of year2013-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2013-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2013-12-31$0
Asset value of US Government securities at end of year2013-12-31$855,236
Asset value of US Government securities at beginning of year2013-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$4,213,392
Net investment gain/loss from pooled separate accounts2013-12-31$0
Net investment gain or loss from common/collective trusts2013-12-31$0
Net gain/loss from 103.12 investment entities2013-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
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
Assets. Invements in employer securities at end of year2013-12-31$0
Assets. Invements in employer securities at beginning of year2013-12-31$0
Assets. Value of employer real property at end of year2013-12-31$0
Assets. Value of employer real property at beginning of year2013-12-31$0
Contributions received in cash from employer2013-12-31$2,825,090
Employer contributions (assets) at end of year2013-12-31$575,316
Employer contributions (assets) at beginning of year2013-12-31$0
Income. Dividends from preferred stock2013-12-31$0
Income. Dividends from common stock2013-12-31$529,577
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$2,241,365
Asset. Corporate debt instrument preferred debt at end of year2013-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2013-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2013-12-31$10,294,934
Asset. Corporate debt instrument debt (other) at beginning of year2013-12-31$11,124,881
Contract administrator fees2013-12-31$51,335
Assets. Corporate common stocks other than exployer securities at end of year2013-12-31$31,727,873
Assets. Corporate common stocks other than exployer securities at beginning of year2013-12-31$24,450,918
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
Assets. Value of buildings and other operty used in plan operation at end of year2013-12-31$0
Assets. Value of buildings and other operty used in plan operation 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
Aggregate proceeds on sale of assets2013-12-31$1,975,963
Aggregate carrying amount (costs) on sale of assets2013-12-31$0
Liabilities. Value of acquisition indebtedness at end of year2013-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2013-12-31$0
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 name2013-12-31BDO PUERTO RICO, PSA
Accountancy firm EIN2013-12-31660578857
2012 : BANCO SANTANDER DE PUERTO RICO EMPLOYEES' RETIREMENT PLAN 2012 401k financial data
Unrealized appreciation/depreciation of real estate assets2012-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$0
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
Expenses. Interest paid2012-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022012-12-31$0
Total income from all sources (including contributions)2012-12-31$3,288,906
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$1,258,181
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$1,178,932
Expenses. Certain deemed distributions of participant loans2012-12-31$33,651
Value of total corrective distributions2012-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$1,523,096
Value of total assets at end of year2012-12-31$21,906,582
Value of total assets at beginning of year2012-12-31$19,875,857
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$45,598
Total income from rents2012-12-31$0
Total interest from all sources2012-12-31$7,189
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$447,772
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$447,772
Assets. Real estate other than employer real property at end of year2012-12-31$0
Assets. Real estate other than employer real property at beginning of year2012-12-31$0
Administrative expenses professional fees incurred2012-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2012-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2012-12-31$0
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$1,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
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
Contributions received from participants2012-12-31$1,523,096
Participant contributions at end of year2012-12-31$102,856
Participant contributions at beginning of year2012-12-31$132,812
Participant contributions at end of year2012-12-31$144,355
Participant contributions at beginning of year2012-12-31$0
Assets. Other investments not covered elsewhere at end of year2012-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2012-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2012-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$0
Assets. Loans (other than to participants) at end of year2012-12-31$0
Assets. Loans (other than to participants) at beginning of year2012-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2012-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2012-12-31$0
Other income not declared elsewhere2012-12-31$0
Administrative expenses (other) incurred2012-12-31$0
Total non interest bearing cash at end of year2012-12-31$0
Total non interest bearing cash at beginning of year2012-12-31$0
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
Income. Non cash contributions2012-12-31$0
Value of net income/loss2012-12-31$2,030,725
Value of net assets at end of year (total assets less liabilities)2012-12-31$21,906,582
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$19,875,857
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
Assets. partnership/joint venture interests at end of year2012-12-31$0
Assets. partnership/joint venture interests at beginning of year2012-12-31$0
Investment advisory and management fees2012-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$21,659,371
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$19,743,045
Interest on participant loans2012-12-31$7,189
Income. Interest from loans (other than to participants)2012-12-31$0
Interest earned on other investments2012-12-31$0
Income. Interest from US Government securities2012-12-31$0
Income. Interest from corporate debt instruments2012-12-31$0
Value of interest in master investment trust accounts at end of year2012-12-31$0
Value of interest in master investment trust accounts at beginning of year2012-12-31$0
Value of interest in common/collective trusts at end of year2012-12-31$0
Value of interest in common/collective trusts at beginning of year2012-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$0
Assets. Value of investments in 103.12 investment entities at end of year2012-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2012-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2012-12-31$0
Asset value of US Government securities at end of year2012-12-31$0
Asset value of US Government securities at beginning of year2012-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$1,310,849
Net investment gain/loss from pooled separate accounts2012-12-31$0
Net investment gain or loss from common/collective trusts2012-12-31$0
Net gain/loss from 103.12 investment entities2012-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
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
Assets. Invements in employer securities at end of year2012-12-31$0
Assets. Invements in employer securities at beginning of year2012-12-31$0
Assets. Value of employer real property at end of year2012-12-31$0
Assets. Value of employer real property at beginning of year2012-12-31$0
Contributions received in cash from employer2012-12-31$0
Employer contributions (assets) at end of year2012-12-31$0
Employer contributions (assets) at beginning of year2012-12-31$0
Income. Dividends from preferred stock2012-12-31$0
Income. Dividends from common stock2012-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$1,178,932
Asset. Corporate debt instrument preferred debt at end of year2012-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2012-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2012-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2012-12-31$0
Contract administrator fees2012-12-31$45,598
Assets. Corporate common stocks other than exployer securities at end of year2012-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2012-12-31$0
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
Assets. Value of buildings and other operty used in plan operation at end of year2012-12-31$0
Assets. Value of buildings and other operty used in plan operation 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
Aggregate proceeds on sale of assets2012-12-31$0
Aggregate carrying amount (costs) on sale of assets2012-12-31$0
Liabilities. Value of acquisition indebtedness at end of year2012-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2012-12-31$0
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 name2012-12-31BDO PUERTO RICO PSC
Accountancy firm EIN2012-12-31660578857
2011 : BANCO SANTANDER DE PUERTO RICO EMPLOYEES' RETIREMENT PLAN 2011 401k financial data
Unrealized appreciation/depreciation of real estate assets2011-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$-1,218,523
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total transfer of assets to this plan2011-12-31$0
Total transfer of assets from this plan2011-12-31$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
Expenses. Interest paid2011-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022011-12-31$0
Total income from all sources (including contributions)2011-12-31$699,092
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$156,041
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$156,041
Expenses. Certain deemed distributions of participant loans2011-12-31$10,038
Value of total corrective distributions2011-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$681,409
Value of total assets at end of year2011-12-31$2,400,698
Value of total assets at beginning of year2011-12-31$1,857,647
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$0
Total income from rents2011-12-31$0
Total interest from all sources2011-12-31$3,534
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$29,578
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$29,578
Assets. Real estate other than employer real property at end of year2011-12-31$0
Assets. Real estate other than employer real property at beginning of year2011-12-31$0
Administrative expenses professional fees incurred2011-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2011-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2011-12-31$0
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$1,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
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
Contributions received from participants2011-12-31$329,957
Participant contributions at end of year2011-12-31$119,760
Participant contributions at beginning of year2011-12-31$110,835
Participant contributions at end of year2011-12-31$30,972
Participant contributions at beginning of year2011-12-31$17,932
Assets. Other investments not covered elsewhere at end of year2011-12-31$8,748,586
Assets. Other investments not covered elsewhere at beginning of year2011-12-31$8,459,088
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$8,833
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2011-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$140,977
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$155,273
Assets. Loans (other than to participants) at end of year2011-12-31$0
Assets. Loans (other than to participants) at beginning of year2011-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2011-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2011-12-31$0
Other income not declared elsewhere2011-12-31$0
Administrative expenses (other) incurred2011-12-31$0
Total non interest bearing cash at end of year2011-12-31$0
Total non interest bearing cash at beginning of year2011-12-31$1,725
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
Income. Non cash contributions2011-12-31$0
Value of net income/loss2011-12-31$543,051
Value of net assets at end of year (total assets less liabilities)2011-12-31$2,400,698
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$1,857,647
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
Assets. partnership/joint venture interests at end of year2011-12-31$0
Assets. partnership/joint venture interests at beginning of year2011-12-31$0
Investment advisory and management fees2011-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$1,555,774
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$1,307,873
Interest on participant loans2011-12-31$3,506
Income. Interest from loans (other than to participants)2011-12-31$0
Interest earned on other investments2011-12-31$0
Income. Interest from US Government securities2011-12-31$0
Income. Interest from corporate debt instruments2011-12-31$0
Value of interest in master investment trust accounts at end of year2011-12-31$0
Value of interest in master investment trust accounts at beginning of year2011-12-31$0
Value of interest in common/collective trusts at end of year2011-12-31$0
Value of interest in common/collective trusts at beginning of year2011-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$347,053
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$241,277
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$241,277
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$28
Assets. Value of investments in 103.12 investment entities at end of year2011-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2011-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2011-12-31$0
Asset value of US Government securities at end of year2011-12-31$824,968
Asset value of US Government securities at beginning of year2011-12-31$354,526
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-15,429
Net investment gain/loss from pooled separate accounts2011-12-31$0
Net investment gain or loss from common/collective trusts2011-12-31$0
Net gain/loss from 103.12 investment entities2011-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
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
Assets. Invements in employer securities at end of year2011-12-31$0
Assets. Invements in employer securities at beginning of year2011-12-31$0
Assets. Value of employer real property at end of year2011-12-31$0
Assets. Value of employer real property at beginning of year2011-12-31$0
Contributions received in cash from employer2011-12-31$351,452
Employer contributions (assets) at end of year2011-12-31$347,139
Employer contributions (assets) at beginning of year2011-12-31$178,005
Income. Dividends from preferred stock2011-12-31$0
Income. Dividends from common stock2011-12-31$587,238
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$156,041
Asset. Corporate debt instrument preferred debt at end of year2011-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2011-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2011-12-31$4,946,284
Asset. Corporate debt instrument debt (other) at beginning of year2011-12-31$7,169,219
Contract administrator fees2011-12-31$11,981
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2011-12-31$20,572,149
Assets. Corporate common stocks other than exployer securities at beginning of year2011-12-31$20,607,893
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
Assets. Value of buildings and other operty used in plan operation at end of year2011-12-31$0
Assets. Value of buildings and other operty used in plan operation 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
Aggregate proceeds on sale of assets2011-12-31$0
Aggregate carrying amount (costs) on sale of assets2011-12-31$0
Liabilities. Value of acquisition indebtedness at end of year2011-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2011-12-31$0
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 name2011-12-31COLEMAN & WILLIAMS
Accountancy firm EIN2011-12-31391658905
2010 : BANCO SANTANDER DE PUERTO RICO EMPLOYEES' RETIREMENT PLAN 2010 401k financial data
Unrealized appreciation/depreciation of real estate assets2010-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$3,202,204
Total unrealized appreciation/depreciation of assets2010-12-31$3,202,204
Total transfer of assets to this plan2010-12-31$0
Total transfer of assets from this plan2010-12-31$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
Expenses. Interest paid2010-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022010-12-31$0
Total income from all sources (including contributions)2010-12-31$6,263,408
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$1,834,762
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$1,834,762
Expenses. Certain deemed distributions of participant loans2010-12-31$19,136
Value of total corrective distributions2010-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$2,040,106
Value of total assets at end of year2010-12-31$39,356,643
Value of total assets at beginning of year2010-12-31$34,927,997
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$0
Total income from rents2010-12-31$0
Total interest from all sources2010-12-31$481,447
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$539,651
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$20,565
Assets. Real estate other than employer real property at end of year2010-12-31$0
Assets. Real estate other than employer real property at beginning of year2010-12-31$0
Administrative expenses professional fees incurred2010-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2010-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2010-12-31$0
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$10,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$1,633,844
Participant contributions at end of year2010-12-31$151,058
Participant contributions at beginning of year2010-12-31$164,378
Participant contributions at end of year2010-12-31$0
Participant contributions at beginning of year2010-12-31$0
Assets. Other investments not covered elsewhere at end of year2010-12-31$8,459,088
Assets. Other investments not covered elsewhere at beginning of year2010-12-31$5,048,316
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2010-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$155,273
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$109,529
Assets. Loans (other than to participants) at end of year2010-12-31$0
Assets. Loans (other than to participants) at beginning of year2010-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2010-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-12-31$0
Other income not declared elsewhere2010-12-31$0
Administrative expenses (other) incurred2010-12-31$0
Total non interest bearing cash at end of year2010-12-31$0
Total non interest bearing cash at beginning of year2010-12-31$0
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
Income. Non cash contributions2010-12-31$0
Value of net income/loss2010-12-31$4,428,646
Value of net assets at end of year (total assets less liabilities)2010-12-31$39,356,643
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$34,927,997
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
Assets. partnership/joint venture interests at end of year2010-12-31$0
Assets. partnership/joint venture interests at beginning of year2010-12-31$0
Investment advisory and management fees2010-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$1,182,347
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$3,338,164
Interest on participant loans2010-12-31$9,568
Income. Interest from loans (other than to participants)2010-12-31$0
Interest earned on other investments2010-12-31$0
Income. Interest from US Government securities2010-12-31$0
Income. Interest from corporate debt instruments2010-12-31$0
Value of interest in master investment trust accounts at end of year2010-12-31$0
Value of interest in master investment trust accounts at beginning of year2010-12-31$0
Value of interest in common/collective trusts at end of year2010-12-31$0
Value of interest in common/collective trusts at beginning of year2010-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$609,577
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$2,672,028
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$2,672,028
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$481,447
Assets. Value of investments in 103.12 investment entities at end of year2010-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2010-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2010-12-31$0
Asset value of US Government securities at end of year2010-12-31$354,526
Asset value of US Government securities at beginning of year2010-12-31$2,730,747
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$1,534,511
Net investment gain/loss from pooled separate accounts2010-12-31$0
Net investment gain or loss from common/collective trusts2010-12-31$0
Net gain/loss from 103.12 investment entities2010-12-31$0
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
Assets. Invements in employer securities at end of year2010-12-31$0
Assets. Invements in employer securities at beginning of year2010-12-31$0
Assets. Value of employer real property at end of year2010-12-31$0
Assets. Value of employer real property at beginning of year2010-12-31$0
Contributions received in cash from employer2010-12-31$2,040,106
Employer contributions (assets) at end of year2010-12-31$818,720
Employer contributions (assets) at beginning of year2010-12-31$617,096
Income. Dividends from preferred stock2010-12-31$0
Income. Dividends from common stock2010-12-31$539,651
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$1,834,762
Asset. Corporate debt instrument preferred debt at end of year2010-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2010-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2010-12-31$7,169,219
Asset. Corporate debt instrument debt (other) at beginning of year2010-12-31$3,426,458
Contract administrator fees2010-12-31$4,074
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2010-12-31$20,607,893
Assets. Corporate common stocks other than exployer securities at beginning of year2010-12-31$16,985,659
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
Assets. Value of buildings and other operty used in plan operation at end of year2010-12-31$0
Assets. Value of buildings and other operty used in plan operation 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
Aggregate proceeds on sale of assets2010-12-31$0
Aggregate carrying amount (costs) on sale of assets2010-12-31$0
Liabilities. Value of acquisition indebtedness at end of year2010-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2010-12-31$0
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 name2010-12-31SCHERRER HERNANDEZ & CO
Accountancy firm EIN2010-12-31660578857
2009 : BANCO SANTANDER DE PUERTO RICO EMPLOYEES' 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 BANCO SANTANDER DE PUERTO RICO EMPLOYEES' RETIREMENT PLAN

2019: BANCO SANTANDER DE PUERTO RICO EMPLOYEES' 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 planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: BANCO SANTANDER DE PUERTO RICO EMPLOYEES' 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 planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: BANCO SANTANDER DE PUERTO RICO EMPLOYEES' 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 planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: BANCO SANTANDER DE PUERTO RICO EMPLOYEES' 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 planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: BANCO SANTANDER DE PUERTO RICO EMPLOYEES' 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 planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: BANCO SANTANDER DE PUERTO RICO EMPLOYEES' 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 planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: BANCO SANTANDER DE PUERTO RICO EMPLOYEES' 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 planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: BANCO SANTANDER DE PUERTO RICO EMPLOYEES' 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 planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: BANCO SANTANDER DE PUERTO RICO EMPLOYEES' 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 planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: BANCO SANTANDER DE PUERTO RICO EMPLOYEES' 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 planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Potentially related plans

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
401k Lookup     VAT Lookup S3