# Albuquerque Asphalt, INC. 401(k) Plan
Source: https://planprovider.pro/companies/albuquerque-asphalt-inc-401k-plan

> Albuquerque Asphalt, INC.'s 401(k) plan: 184 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/loftis-and-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|—|—|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/albuquerque-asphalt-inc-401k-plan)

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