First Medical Health Plan retirement plan: assets, participants and fees
What First Medical Health Plan's retirement plan plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Bppr - Popular Fiduciary Services | Schedule C ↗ |
| Independent auditor | Centeno Figueroa & Co (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Profit-sharing · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 658 defined-contribution plans in finance and insurance with 500 to 999 participants.
| First Medical Health Plan: employer contribution per participant | $753 | |
| Peer median | $2,935 |
| First Medical Health Plan: average balance | $25,579 | |
| Peer median | $92,585 |
| First Medical Health Plan: admin expenses ÷ assets | 0.09% | |
| Peer median | 0.15% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $15.8M at the end of plan year 2023 to $19.6M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 863 | $19.6M | $578K | $753 | 0.09% | Not published | Form 5500 ↗ |
| 2023 | 869 | $15.8M | $559K | $723 | 0.60% | Not published | Form 5500 ↗ |
Common questions
Does First Medical Health Plan match 401(k) contributions?
The match terms for the First Medical Health Retirement Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $578K in employer contributions, about $753 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the First Medical Health Plan 401(k) match vested?
The vesting schedule for the First Medical Health Retirement Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the First Medical Health Plan 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Bppr - Popular Fiduciary Services. The plan administrator is First Medical Health Plan, Inc.
I left First Medical Health Plan. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (First Medical Health Plan, Inc, (787) 474-3999) or the recordkeeper, Bppr - Popular Fiduciary Services. The First Medical Health Plan old 401(k) page lists the contacts from every plan filing. Find an old First Medical Health Plan 401(k)
Data from the public Form 5500 annual reports First Medical Health Plan filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with First Medical Health Plan. Not financial advice. Report a correction · Methodology