Plan Snapshot
- Plan Sponsor: New Mexico Orthopaedic Associates, P.C.
- Sponsor EIN: 850291612
- Sponsor Address: 2100 LOUISIANA BLVD NE, SUITE 410, ALBUQUERQUE, NM, 87110
- Plan Type: 401(k)
- Total Participants: 240
- Total Assets: $53.0M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 240 | $53.0M | $2.2M | $1.6M |
| 2023 | 240 | $47.0M | $2.0M | $1.5M |
| 2022 | 247 | $40.5M | $1.8M | $1.3M |
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 |
|---|---|---|---|---|
| SENTINEL BENEFITS GROUP, LLC | RECORDKEEPER | $16,950 | — | $16,950 |
| LOFTIS & LOVATO GROUP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SENTINEL BENEFITS GROUP, LLC — RECORDKEEPER
- LOFTIS & LOVATO GROUP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $16,950
- Estimated Expense Ratio: 0.032% 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 | $20,707 | — | — | — | — |
| 2023 | $140,671 | $82,536 | — | — | — |
| 2022 | $38,692 | $11,700 | — | — | $26,992 |