Doral Financial Corporation 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2015. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Doral Financial Corporation 401(k) Plan Facts (plan year 2015)

Plan name
DORAL FINANCIAL CORPORATION RETIREMENT & INCENTIVE SAVINGS PLAN
Plan type
401(k) and profit sharing
Plan sponsor
DORAL FINANCIAL CORPORATION
Participants
1,098 (206 active employees)
Former employees with a balance
44
Plan assets
$864,020 at Dec 31, 2015
Average account balance
$4,194 across 206 accounts
Plan year
Jan 1, 2015 – Dec 31, 2015
Plan established
Jan 1, 1989
— Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2015 (Jan 1, 2015 – Dec 31, 2015), filed Oct 17, 2016. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2015

  • $147,123 went into the plan in contributions.
  • $12.4 million was paid out to participants.
  • Investment and other income added $178,784.
  • Administrative expenses were $624,460, about $3,031 per account.

How the Doral Financial Corporation 401(k) changed, 2009–2015

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20091,639$8.69 million$395,063$1.47 million
20111,747$9.52 million$374,681$1.77 million
20121,734$10.8 million$419,062$1.22 million
20131,934$12.9 million$496,818$1.12 million
20142,034$13.6 million$422,899$1.37 million
20151,098$864,020$0$12.4 million

Doral Financial Corporation 401(k) Contact Information

Phone
787-474-7852
Mailing address
999 PONCE DE LEON BLVD. SUITE 730, CORAL GABLES FL 33134
Plan sponsor
DORAL FINANCIAL CORPORATION
Employer identification number (EIN)
66-0312162
Plan number
001

Questions about the Doral Financial Corporation 401(k)

Is the Doral Financial Corporation 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2015, and no later filing was found under this employer's EIN.

Does Doral Financial Corporation contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500.

Does the Doral Financial Corporation 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Doral Financial Corporation 401(k) plan?

1,098 participants at the start of plan year 2015, 206 of them active employees, and 44 former employees who still had money in the plan.

What is the average 401(k) balance at Doral Financial Corporation?

About $4,194 per account: $864,020 in plan assets across 206 accounts with a balance at the end of plan year 2015.

Who manages the Doral Financial Corporation 401(k) accounts?

Empower is the plan's recordkeeper, which is where participants log in to see their balance.

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