Plan Snapshot
- Plan Sponsor: New Mexico Electricians Retirement Benefit Fund
- Sponsor EIN: 516105542
- Sponsor Address: 6121 INDIAN SCHOOL RD NE STE 123, ALBUQUERQUE, NM, 871103102
- Plan Type: DC
- Total Participants: 1,444
- Total Assets: $239.3M
Key Plan Design Features
- Auto-Enrollment: No
- 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. |
|---|---|---|---|---|
| 2024 | 1,444 | $239.3M | $12.1M | $2.4M |
| 2023 | 1,400 | $214.7M | $12.5M | $2.2M |
| 2022 | 1,366 | $182.5M | $11.2M | $1.8M |
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 |
|---|---|---|---|---|
| BOK FINANCIAL | Other Service Provider | $277,539 | — | $277,539 |
| ULRICH CONSULTING GROUP | Other Service Provider | $107,625 | — | $107,625 |
| SOUTHWEST SERVICE ADMINISTRATORS | Other Service Provider | $88,027 | — | $88,027 |
| SEGAL SELECT INSURANCE SERVICES | Other Service Provider | $40,859 | — | $40,859 |
| THE SEGAL COMPANY | Recordkeeper | $24,535 | — | $24,535 |
| LAW OFFICE OF JUSTIN LESKY | Other Service Provider | $15,833 | — | $15,833 |
| BALDWIN MOFFITT BEHM LLP | Other Service Provider | $15,123 | — | $15,123 |
| KELLEY LAW GROUP | Other Service Provider | $14,950 | — | $14,950 |
| LETTERSTREAM | Other Service Provider | $6,630 | — | $6,630 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE SEGAL COMPANY — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $591,121
- Estimated Expense Ratio: 0.247% 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 | $610,376 | $107,625 | $83,649 | $15,123 | — |
| 2023 | $593,926 | $107,688 | $87,573 | $16,756 | — |
| 2022 | $588,063 | $107,812 | $138,522 | — | $63,489 |