As plan sponsor, you have the fiduciary responsibility of implementing and monitoring an investment program for plan participants.
At Popular Asset Management1, our Investment Management Consulting group will assist you in selecting and will regularly monitor your Plan's investment options.
A Deferred Compensation Non-Qualified Plan is an employer-sponsored retirement plan that may be exempt from the federal and state regulations imposed on traditional plans that often limit the amount an employee can contribute each year.
Once the Investment Policy is approved, we provide guidance towards selecting specific investment options.
Once the plan’s investment options have been selected, we provide ongoing support for your investment program, ensuring compliance with laws and regulations. Our quarterly investment options review includes:
Performance comparison with the market index and fund averages within the same category.
Provide recommendations for investment replacements, as needed.
With over 50 years’ experience as leaders in fiduciary and investment services for retirement plans in Puerto Rico, Popular offers more options and the convenience of easily managing your retirement plans.
Check out our informative articles about retirement.
Discover the reasons behind proper retirement preparation.
The investment products available through retirement plans of Banco Popular are not insured by the FDIC, are not deposits or obligations, are not guaranteed by Banco Popular de Puerto Rico or its subsidiaries and/or affiliates. Investment products involve risks, including the possible loss of the invested principal. Please request a prospectus and read it carefully before investing.
The content of this material is for informational purposes only and does not constitute tax, legal or accounting advice. Banco Popular de Puerto Rico, its subsidiaries, or affiliates, do not engage in the offering of tax, legal or accounting advice.
Contributions exceeding the deductible limit will pay a tax equivalent to 10% even if the non-deductible contribution is not claimed as a deduction on your income tax return. For 2018 to 2024 tax years, the maximum annual employer and employee contribution amount per participant will be the lesser of $69,000 or 100% of the participant’s compensation. Also, the maximum compensation per participant to be used for determining contributions to the plan shall not exceed $345,000.
Investment Advice offered through Popular Asset Management LLC. Popular Asset Management LLC is an investment adviser registered with the SEC. Registration of an investment adviser does not imply any level of skill or training. Past performance does not guarantee future results. Diversification does not guarantee investment returns and does not eliminate the risk of loss. All opinions are subject to change without notice in response to changing market and/or economic conditions. Any examples used are for illustration purposes only. There is no assurance that a portfolio will achieve its investment objective or will work under all market conditions. The value of investments may go down as well as up and you may not get back the amount originally invested. Portfolios may be subject to certain additional risks, which should be considered carefully along with their investment objectives and fees. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a retirement plan or account, and (b) regarding any potential tax, ERISA and related consequences of any investments made under such plan or account.
