# New Mexico Pipe Trades Health & Welfare Plan
Source: https://planprovider.pro/companies/new-mexico-pipe-trades-856009171-501

> New Mexico Pipe Trades's Health & Welfare plan: 1,284 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 Pipe Trades

- **Sponsor EIN:** 856009171

- **Sponsor Address:** 4901 CHAPPELL DR NE, ALBUQUERQUE, NM, 871076825

- **Plan Type:** Health & Welfare

- **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](https://planprovider.pro/provider/milliman) — Recordkeeper

- [UBS FINANCIAL SERVICES](https://planprovider.pro/provider/aspire-financial-services) — Recordkeeper

- [ALIGHT SOLUTIONS](https://planprovider.pro/provider/alight-solutions) — Recordkeeper

- [KELLEY LAW GROUP](https://planprovider.pro/provider/kelley-law-group-pllc) — 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|

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