Popular, Inc. 401(k) Review & Grade
Popular, Inc. USA 401(k) Savings & Investment Plan
San Juan, PRFinance & Insurance956 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,929Employer $ per active participant
$9,253Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$170.3MNet plan assets, end of year
$109,802Average balance per account
Score breakdown
- Employer generosity27.2 / 5054th percentile for employer $ per participant
- Low cost11.9 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving10.6 / 1571th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 54th |
| Lower admin cost | 47th |
| Employee saving | 71th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Popular put in about $3,929 per active participant, more than the typical peer ($3,606). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $3,756,562 |
| Participant (employee) contributions | $8,845,707 |
| Other contributions (incl. rollovers in) | $1,174,989 |
| Administrative expenses paid from the plan | $397,219 |
| Contract administrator fees | $190,447 |
| Investment advisory & management fees | $150,000 |
| Benefits paid out | $10,687,562 |
| Net assets, start / end of year | $149.5M / $170.3M |
| Active participants, start / end of year | 942 / 970 |
| Participants with account balances | 1,551 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pricewaterhousecoopers, LLP |
| Employer stock held by plan | $11,829,920 |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $190,447 reported compensation |
| Morgan Stanley Global | $150,000 reported compensation |
| Pricewaterhousecoopers, LLP | $56,772 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250723085553NAL0005026320001, received 2025-07-23, EIN 66-0667416, plan #053, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.