# Midwest New Mexico Community Action Program 403(b) Plan
Source: https://planprovider.pro/companies/midwest-new-mexico-community-action-corporation-403b-plan

> Midwest New Mexico Community Action Program's 403(b) plan: 123 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Midwest New Mexico Community Action Program

- **Sponsor EIN:** 850204500

- **Sponsor Address:** 549 DON PASQUAL RD NW, LOS LUNAS, NM, 870318491

- **Plan Type:** 403(b)

- **Total Participants:** 123

- **Total Assets:** $5.4M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** Yes

- **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.|

| 2024|123|$5.4M|$210,514|$303,057|

| 2023|132|$4.9M|$230,064|$270,291|

| 2022|123|$4.2M|$203,661|$256,125|

## 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|

| PRINCIPAL LIFE INSURANCE COMPANY|CONTRACT ADMINISTRATOR|$38,770|—|$38,770|

| CETERA ADVISOR NETWORKS LLC|OTHER SERVICES|—|$18,553|$18,553|

| SJT GROUP LLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [SJT GROUP LLC](https://planprovider.pro/provider/sjt-group-llc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $57,323

- **Estimated Expense Ratio:** 1.062% 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|$38,946|—|$38,946|—|—|

| 2023|$33,708|—|$33,708|—|—|

| 2022|$33,170|—|$33,170|—|—|

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