Profit Sharing · DOL Form 5500 · 2024

First Medical Health Plan, Inc Profit Sharing Plan

Data updated 2026-07-24

$20M
Total assets
775
Participants
70th
Percentile by assets
$25,380
Avg per participant
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Official DOL plan name: First Medical Health Retirement Savings Plan · Sponsored by First Medical Health Plan, Inc · Puerto Rico · Finance & Insurance

$20M in assets, 775 participants

First Medical Health Plan, Inc's First Medical Health Retirement Savings Plan reported $20M in total assets and 775 participants in its 2024 DOL Form 5500 filing, ranking in the 70th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • 70th percentile by assets (of 116,472 plans)

Coverage in Puerto Rico

First Medical Health Retirement Savings Plan covers 775 participants in Puerto Rico, 8.7x the typical Puerto Rico plan (state average ~89 per filing). Assets: $20M.

$20M
total plan assets (2024 EOY)
775
covered participants
70th
percentile by assets (of 116,472 plans)
$25,380
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • First Medical Health Retirement Savings Plan end-of-year assets rose from $16M in the plan year 2023 filing to $20M in the plan year 2024 filing.
  • First Medical Health Retirement Savings Plan reported net income rose from $3M in the plan year 2023 filing to $4M in the plan year 2024 filing.
  • First Medical Health Retirement Savings Plan reported participants rose from 758 in the plan year 2023 filing to 775 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Participants vs Puerto Rico filers

In Puerto Rico, the average filing covers about 89 participants across 1,881 plans. First Medical Health Retirement Savings Plan reports 775 participants - 8.7x that state average ($20M EOY assets).

Puerto Rico filing particulars

Total Assets (Beginning of Year)$16M
Net Assets (End of Year)$20M
Net Income$4M
Employer EIN660537624
Plan Effective Date2001-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Medical Health Plan, Inc)

$10M$15M$20M$25M 202220232024 $12.4M $19.7M ▲ +58.5%
Total plan assets by year, all First Medical Health Plan, Inc plans on file
Year Plans Participants Total Assets
2022 1 810 $12M
2023 1 758 $16M
2024 1 775 $20M

Nearby Profit Sharing Plans in Puerto Rico

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

First Medical Health Retirement Savings Plan vs. nearby Profit Sharing plans in Puerto Rico, assets vs. participants

First Medical Health Retirement Savings Plan vs. nearby Profit Sharing plans in Puerto Rico, assets vs. participants Scatter plot of 6 data points. 0200040006000800010000 -20002004006008001000 Total assets ($M) Participants First Medical Health…Popular, Inc. Pr Sav…The Retirement and S…Abbvie Puerto Rico S…The Savings Plan for…Hewlett Packard Ente…
First Medical Health Retirement Savings Plan vs. nearby Profit Sharing plans in Puerto Rico, assets vs. participants

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to First Medical Health Retirement Savings Plan by total assets, not by location.

Frequently Asked Questions

How did First Medical Health Retirement Savings Plan assets move in 2024?
First Medical Health Retirement Savings Plan grew sharply - up 23.8% during 2024, from $16M to $20M. Reported net income was $4M.
How have First Medical Health Plan, Inc plan assets changed over time?
Across 3 plan years on file (2022-2024), First Medical Health Plan, Inc's sponsor-wide assets grew 58.4%, from $12M to $20M.
Which Profit Sharing plans are similar in size to First Medical Health Retirement Savings Plan?
Among Profit Sharing plans in other states, the closest by assets is Incodema Retirement Plan in NY ($20M, 25 participants).

Next read for First Medical Health Retirement Savings …

Filing takeaways

Ways to act on First Medical Health Retirement Savings Plan's numbers.

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 660537624.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.