Plan Snapshot
- Plan Sponsor: Salado Isolation Mining Contractors, LLC
- Sponsor EIN: 824745477
- Sponsor Address: PO BOX 2078, CARLSBAD, NM, 882215608
- Plan Type: 401(k)
- Total Participants: 1,137
- Total Assets: $150.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,137 | $150.6M | $3.3M | $10.5M |
| 2023 | 1,083 | $138.1M | $2.8M | $9.6M |
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 |
|---|---|---|---|---|
| ALSTON & BIRD LLP | ERISA Attorney | $81,210 | — | $81,210 |
| MERCER | Investment Advisor | $67,625 | — | $67,625 |
| EIDE BAILLY LLP | Auditor | $21,800 | — | $21,800 |
| WILLIS TOWERS WATSON | Investment Advisor | $14,968 | — | $14,968 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALSTON & BIRD LLP — ERISA Attorney
- EIDE BAILLY LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $185,603
- Estimated Expense Ratio: 0.123% 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 | $200,392 | — | $200,392 | — | — |
| 2023 | $142,502 | — | $142,502 | — | — |