Plan Snapshot
- Plan Sponsor: New Mexico Gas Company, INC.
- Sponsor EIN: 262145114
- Sponsor Address: 7120 WYOMING NE, SUTE 20, ALBUQUERQUE, NM, 87109
- Plan Type: Health & Welfare
- Plan Number: 503
- Total Participants: 342
- Total Assets: $37.3M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 342 | $37.3M | $0 | $1.5M |
| 2023 | 343 | $37.1M | $0 | $0 |
| 2022 | 350 | $34.6M | $0 | $0 |
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 |
|---|---|---|---|---|
| PNC BANK | Other Service Provider | $17,596 | — | $17,596 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $17,596
- Estimated Expense Ratio: 0.047% 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 | $17,596 | — | — | — | — |
| 2023 | $16,646 | — | — | — | — |
| 2022 | $24,123 | — | — | — | — |