Plan Snapshot
- Plan Sponsor: Txnm Energy, INC.
- Sponsor EIN: 850468296
- Sponsor Address: 414 SILVER AVENUE SW, ALBUQUERQUE, NM, 871022340
- Plan Type: DB
- Total Participants: 119
- Total Assets: $379.8M
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 | 119 | $379.8M | $0 | $0 |
| 2023 | 133 | $407.2M | $0 | $0 |
| 2022 | 146 | $410.7M | $0 | $0 |
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 |
|---|---|---|---|---|
| THE NORTHERN TRUST COMPANY | Other Service Provider | $1,259,805 | — | $1,259,805 |
| MILLIMAN | Recordkeeper | $113,776 | — | $113,776 |
| BANK OF NEW YORK MELLON | Other Service Provider | $93,776 | — | $93,776 |
| RV KUHNS & ASSOCIATES | Other Service Provider | $84,671 | — | $84,671 |
| MORGAN STANLEY & CO INC | Other Service Provider | $42,313 | — | $42,313 |
| WILLIS TOWERS WATSON | Recordkeeper | $30,700 | — | $30,700 |
| SNELL AND WILMER, LLP | ERISA Attorney | $25,274 | — | $25,274 |
| CALLAN LLC | Other Service Provider | $16,223 | — | $16,223 |
| BLACKROCK INSTITUTIONAL TRUST | Other Service Provider | $11,412 | — | $11,412 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN — Recordkeeper
- WILLIS TOWERS WATSON — Recordkeeper
- SNELL AND WILMER, LLP — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,677,950
- Estimated Expense Ratio: 0.442% 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 | $3,998,637 | $1,313,532 | $198,447 | — | — |
| 2023 | $3,058,359 | $118,664 | — | — | — |
| 2022 | $2,119,283 | $154,316 | — | — | $67,949 |