Plan Snapshot
- Plan Sponsor: New Mexico Pipe Trades
- Sponsor EIN: 516029978
- Sponsor Address: 4901 CHAPPELL DR NE, ALBUQUERQUE, NM, 871076825
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 2,260
- Total Assets: $88.8M
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 | 2,260 | $88.8M | $4.0M | $1.9M |
| 2023 | 2,288 | $84.7M | $3.0M | $1.8M |
| 2022 | 1,272 | $74.3M | $2.5M | $1.7M |
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 |
|---|---|---|---|---|
| UBS FINANCIAL SERVICES | Recordkeeper | $266,475 | — | $266,475 |
| ZENITH AMERICAN SOLUTIONS | Other Service Provider | $168,031 | — | $168,031 |
| WELLESLEY MGT | Other Service Provider | $73,836 | — | $73,836 |
| ATLANTA CAPITAL MGT | Other Service Provider | $56,940 | — | $56,940 |
| CHUBB INSURANCE | Other Service Provider | $24,043 | — | $24,043 |
| THE SEGAL COMPANY | Recordkeeper | $16,458 | — | $16,458 |
| KELLEY LAW GROUP | ERISA Attorney | $15,098 | — | $15,098 |
| BALDWIN MOFFITT BEHM LLP | Other Service Provider | $12,800 | — | $12,800 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UBS FINANCIAL SERVICES — Recordkeeper
- THE SEGAL COMPANY — Recordkeeper
- KELLEY LAW GROUP — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $633,681
- Estimated Expense Ratio: 0.713% 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 | $639,504 | $394,585 | $168,031 | $13,069 | — |
| 2023 | $608,101 | $372,628 | $168,106 | $16,335 | — |
| 2022 | $516,293 | $267,864 | $168,285 | — | $45,091 |