Plan Snapshot
- Plan Sponsor: New Mexico Pipe Trades
- Sponsor EIN: 856009171
- Sponsor Address: 4901 CHAPPELL DR NE, ALBUQUERQUE, NM, 871076825
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 1,284
- Total Assets: $28.5M
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 | 1,284 | $28.5M | $19.0M | $643,999 |
| 2023 | 1,279 | $28.7M | $17.9M | $671,465 |
| 2022 | 1,177 | $24.4M | $15.7M | $682,744 |
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 |
|---|---|---|---|---|
| PREMIER HEALTHCARE | Other Service Provider | $545,602 | — | $545,602 |
| ZENITH AMERICAN SOLUTIONS | Other Service Provider | $479,758 | — | $479,758 |
| THE SEGAL COMPANY | Recordkeeper | $84,617 | — | $84,617 |
| AMERICAN HEALTH GROUP | Other Service Provider | $64,874 | — | $64,874 |
| UNION EAP | Other Service Provider | $58,788 | — | $58,788 |
| UBS FINANCIAL SERVICES | Recordkeeper | $52,945 | — | $52,945 |
| ALIGHT SOLUTIONS | Recordkeeper | $46,046 | — | $46,046 |
| KELLEY LAW GROUP | ERISA Attorney | $31,091 | — | $31,091 |
| WAM CONVERTS | Other Service Provider | $19,505 | — | $19,505 |
| DENTAL NETWORK OF AMERICA | Other Service Provider | $18,991 | — | $18,991 |
| BALDWIN MOFFITT BEHM LLP | Other Service Provider | $15,250 | — | $15,250 |
| SEGAL SELECT INSURANCE BROKERAGE | Other Service Provider | $9,266 | — | $9,266 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE SEGAL COMPANY — Recordkeeper
- UBS FINANCIAL SERVICES — Recordkeeper
- ALIGHT SOLUTIONS — 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: $1,426,733
- Estimated Expense Ratio: 5.008% 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 | $1,377,625 | $76,930 | $451,238 | $15,519 | — |
| 2023 | $968,734 | $89,504 | $445,096 | $15,010 | — |
| 2022 | $1,199,279 | $69,744 | $394,607 | — | $91,092 |