# La Montanita Food Cooperative, INC. 401(k) Plan
Source: https://planprovider.pro/companies/la-montanita-food-cooperative-inc-401k-plan

> La Montanita Food Cooperative, INC.'s 401(k) plan: 237 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/commonwealth-financial-network) — NONE

- [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:** $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|—|—|

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