# New Mexico Gas Company, INC. Health & Welfare Plan
Source: https://planprovider.pro/companies/new-mexico-gas-company-inc-262145114-503

> New Mexico Gas Company, INC.'s Health & Welfare plan: 342 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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