Plan Snapshot
- Plan Sponsor: Board Of Trustees Sm Workers Local 49 Defined Contribution Plan
- Sponsor EIN: 742846833
- Sponsor Address: 6121 INDIAN SCHOOL RD NE STE 123, ALBUQUERQUE, NM, 871103102
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 633
- Total Assets: $24.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 633 | $24.5M | $404,607 | $1.5M |
| 2023 | 826 | $22.5M | $383,400 | $1.7M |
| 2022 | 772 | $17.9M | $435,697 | $766,714 |
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 |
|---|---|---|---|---|
| MATRIX TRUST CO | Recordkeeper | $145,461 | — | $145,461 |
| ONE AMERICA RETIREMENT SERVICES LLC | Other Service Provider | $97,392 | — | $97,392 |
| SOUTHWEST SERVICE ADMINISTRATORS | Other Service Provider | $29,923 | — | $29,923 |
| KELLEY LAW GROUP | ERISA Attorney | $22,182 | — | $22,182 |
| MARSH & MCLENNON | Other Service Provider | $14,161 | — | $14,161 |
| BALDWIN MOFFITT BEHM LLP | Other Service Provider | $8,584 | — | $8,584 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MATRIX TRUST CO — Recordkeeper
- KELLEY LAW GROUP — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $317,703
- Estimated Expense Ratio: 1.296% of plan assets
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 | $220,850 | $145,461 | $26,365 | $8,584 | — |
| 2023 | $187,971 | $103,505 | $24,924 | $8,106 | — |
| 2022 | $191,336 | $126,058 | $18,311 | — | $40,493 |