Plan Snapshot
- Plan Sponsor: Goodwill Industries Of New Mexico
- Sponsor EIN: 850107916
- Sponsor Address: 1030 18TH STREET NW, ALBUQUERQUE, NM, 87104
- Plan Type: 401(k)
- Total Participants: 442
- Total Assets: $2.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 442 | $2.4M | $44,474 | $156,958 |
| 2023 | 391 | $2.0M | $57,119 | $150,765 |
| 2022 | 356 | $1.8M | $57,144 | $175,977 |
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 |
|---|---|---|---|---|
| NATIONWIDE | Recordkeeper | $14,833 | — | $14,833 |
| LAKERIDGE WEALTH MANAGEMENT LLC | Investment Advisor | $11,800 | — | $11,800 |
| NEWPORT GROUP, INC. | Recordkeeper | $7,967 | — | $7,967 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NATIONWIDE — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $34,600
- Estimated Expense Ratio: 1.439% 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 | $18,496 | $18,496 | — | — | — |
| 2023 | $19,822 | $19,822 | — | — | — |
| 2022 | $17,599 | $17,599 | — | — | — |