Plan Snapshot
- Plan Sponsor: Hidalgo Medical Services
- Sponsor EIN: 850292834
- Sponsor Address: 530 E. DEMOSS STREET, LORDSBURG, NM, 88045
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 204
- Total Assets: $7.0M
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. |
|---|---|---|---|---|
| 2025 | 204 | $7.0M | $0 | $0 |
| 2024 | 153 | $6.7M | $245,712 | $644,144 |
| 2023 | 181 | $6.2M | $222,725 | $594,222 |
| 2022 | 174 | $5.2M | $206,669 | $553,641 |
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 |
|---|---|---|---|---|
| STANCORP FINANCIAL GROUP | Other Service Provider | $42,619 | — | $42,619 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $42,619
- Estimated Expense Ratio: 0.610% 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 |
|---|---|---|---|---|---|
| 2025 | $1,257,471 | — | $5,030 | — | — |
| 2024 | $5,971 | — | $5,971 | — | — |
| 2023 | $4,765 | — | $4,765 | — | — |
| 2022 | $3,969 | — | $3,969 | — | — |