Borinquen Health Care Center, Inc. 401(K) Plan — Form 5500 plan (Borinquen Health Care Center, 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, Borinquen Health Care Center, Inc. 401(K) Plan is a benefit plan reported by Borinquen Health Care Center, Inc. under EIN 59-1417397 and plan number 002. The latest loaded filing year is 2023. The filing reports 373 participants and $4,563,436 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$4.6MPlan net assets, end of year$4,563,436
Participants373Covered participants reported
Assets / participant$12.2KComputed: assets ÷ participants$12,234 (computed)
Provider compensation$50K4 Schedule C provider row(s)$49,975
- Plan sponsor
- Borinquen Health Care Center, Inc.
- EIN
- 59-1417397
- Plan number
- 002
- Plan type
- 2
- Location
- Miami, FL
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 373 | H, C | 20241010143449NAL0041184674001 |
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)$4.6M total assets
Net assets$4.6MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $4,563,436
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,563,436
- Net assets (BOY)
- $3,981,408
Income & contributions
- Employer contributions
- $2,432
- Participant contributions
- $630,075
- Total contributions
- $637,219
- Total income / additions
- $1,231,127
Expenses & distributions
- Benefits paid
- $606,799
- Administrative expenses
- $42,300
- Total expenses
- $649,099
- Net increase / (decrease)
- $582,028
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.
100%
Employer 0%Participant 100%
Total expenses ÷ net assets14%Computed ratio
Benefits paid ÷ total income49%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Ins Co Of America | RECORDKEEPER | $33,905 | $0 | 2023 |
| Lpl Finanacial LLC | BROKER | $0 | $9,366 | 2023 |
| The Retirement Advantage Inc | CONTRACT ADMIN | $4,600 | not reported in the loaded dataset | 2023 |
| Leaf House Financial Advisors, LLC | OTHER | $2,104 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Borinquen Health Care Center, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in FL
- 401(k) and benefit plan filings in Miami, FL
- Empower Annuity Ins Co Of America — Schedule C compensation
- Lpl Finanacial LLC — Schedule C compensation
- The Retirement Advantage Inc — Schedule C compensation
- Leaf House Financial Advisors, LLC — Schedule C compensation