Plan Snapshot
- Plan Sponsor: Albuquerque Asphalt, INC.
- Sponsor EIN: 850285175
- Sponsor Address: P.O. BOX 66450, ALBUQUERQUE, NM, 87193
- Plan Type: 401(k)
- Total Participants: 184
- Total Assets: $7.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 184 | $7.4M | $361,097 | $748,118 |
| 2023 | 152 | $5.8M | $286,937 | $603,790 |
| 2022 | 135 | $4.5M | $205,681 | $456,328 |
| 2021 | 124 | $4.8M | $0 | $0 |
| 2020 | 74 | $3.9M | $251,484 | $352,572 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| LOFTIS & LOVATO GROUP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LOFTIS & LOVATO GROUP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $55,923 | $7,102 | — | — | — |
| 2023 | $39,518 | $22,098 | $17,420 | — | — |
| 2022 | $37,507 | $22,632 | $14,875 | — | — |
| 2021 | $34,993 | $34,993 | — | — | — |
| 2020 | — | — | — | — | — |