Promesa Management Plan — Form 5500 plan (Promesa, Inc.)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Promesa Management Plan is a benefit plan reported by Promesa, Inc. under EIN 13-2663328 and plan number 003. The latest loaded filing year is 2023. The filing reports 685 participants and $20,681,633 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$20.7MPlan net assets, end of year$20,681,633
Participants685Covered participants reported
Assets / participant$30.2KComputed: assets ÷ participants$30,192 (computed)
Provider compensation$30.9K3 Schedule C provider row(s)$30,879
- Plan sponsor
- Promesa, Inc.
- EIN
- 13-2663328
- Plan number
- 003
- Plan type
- 2
- Location
- Bronx, NY
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 685 | H, C | 20241015082416NAL0014242499001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$20.7M total assets
Net assets$20.7MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $20,681,633
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $20,681,633
- Net assets (BOY)
- $17,046,883
Income & contributions
- Employer contributions
- $984,136
- Participant contributions
- $1,442,914
- Total contributions
- $2,531,679
- Total income / additions
- $5,507,558
Expenses & distributions
- Benefits paid
- $1,809,470
- Administrative expenses
- $30,879
- Total expenses
- $1,872,808
- Net increase / (decrease)
- $3,634,750
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
41%59%
Employer 41%Participant 59%
Total expenses ÷ net assets9%Computed ratio
Benefits paid ÷ total income33%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Adp, Inc. | RECORD KEEPER | $30,879 | $0 | 2023 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 | 2023 |
| Lpl Financial | ADVISOR | $0 | $0 | 2023 |