# Txnm Energy, INC. 401(k) Plan
Source: https://planprovider.pro/companies/pnm-resources-inc-401k-plan

> Txnm Energy, INC.'s 401(k) plan: 1,708 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Txnm Energy, INC.

- **Sponsor EIN:** 850468296

- **Sponsor Address:** 414 SILVER AVENUE SW, ALBUQUERQUE, NM, 871022340

- **Plan Type:** 401(k)

- **Total Participants:** 1,708

- **Total Assets:** $826.6M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|1,708|$826.6M|$18.4M|$18.9M|

| 2023|1,631|$765.4M|$16.8M|$17.4M|

| 2022|1,531|$707.3M|$16.7M|$17.9M|

## 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|

| VANGUARD ADVISORS INC.|N/A|$443,201|—|$443,201|

| VANGUARD GROUP INC|N/A|$172,002|$16,840|$188,842|

| RVK|N/A|$45,084|—|$45,084|

| MOSS ADAMS LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [VANGUARD ADVISORS INC.](https://planprovider.pro/provider/the-vanguard-group-inc) — N/A

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $677,127

- **Estimated Expense Ratio:** 0.082% 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|$710,708|$443,201|—|—|—|

| 2023|$628,127|$410,240|—|—|—|

| 2022|$620,984|—|—|—|—|

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