Plan Snapshot
- Plan Sponsor: La Montanita Food Cooperative, INC.
- Sponsor EIN: 850246898
- Sponsor Address: 901 MENAUL BLVD, NE, ALBUQUERQUE, NM, 87107
- Plan Type: 401(k)
- Total Participants: 237
- Total Assets: $2.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 237 | $2.9M | $81,258 | $242,720 |
| 2023 | 131 | $2.6M | $63,464 | $221,328 |
| 2022 | 147 | $2.3M | $67,981 | $263,271 |
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 |
|---|---|---|---|---|
| COMMONWEALTH FINANCIAL NETWORK | NONE | $25,151 | — | $25,151 |
| ASCENSUS LLC | NONE | $14,488 | $207 | $14,695 |
| LOFTIS & LOVATO GROUP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- COMMONWEALTH FINANCIAL NETWORK — NONE
- LOFTIS & LOVATO GROUP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $39,846
- Estimated Expense Ratio: 1.387% 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 | $36,890 | $25,151 | $11,739 | — | — |
| 2023 | $30,581 | $20,263 | $10,318 | — | — |
| 2022 | $29,645 | $18,603 | $11,042 | — | — |