Plan Snapshot
- Plan Sponsor: Lovelace Biomedical Research Institute
- Sponsor EIN: 850110669
- Sponsor Address: 2425 RIDGECREST DRIVE SE, ALBUQUERQUE, NM, 871085127
- Plan Type: 401(k)
- Total Participants: 407
- Total Assets: $122.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 407 | $122.8M | $2.0M | $1.9M |
| 2023 | 418 | $111.0M | $2.3M | $1.8M |
| 2022 | 419 | $99.4M | $2.1M | $1.7M |
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 |
|---|---|---|---|---|
| TEACHERS INSURANCE AND ANNUITY ASSO | Recordkeeper | $72,850 | — | $72,850 |
| GLOBAL RETIREMENT PARTNERS, LLC | Investment Advisor | $67,953 | — | $67,953 |
| MOSS ADAMS LLP | Recordkeeper | $18,364 | — | $18,364 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TEACHERS INSURANCE AND ANNUITY ASSO — Recordkeeper
- GLOBAL RETIREMENT PARTNERS, LLC — Investment Advisor
- MOSS ADAMS LLP — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $159,167
- Estimated Expense Ratio: 0.130% 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 | $159,893 | $67,953 | $72,850 | $18,364 | — |
| 2023 | $110,984 | $56,529 | $35,681 | $18,387 | — |
| 2022 | $15,220 | — | — | — | $15,220 |