Plan Snapshot
- Plan Sponsor: Salado Isolation Mining Contractors, LLC
- Sponsor EIN: 824745477
- Sponsor Address: P.O. BOX 2078, CARLSBAD, NM, 882215608
- Plan Type: DB
- Total Participants: 1,098
- Total Assets: $233.1M
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 | 1,098 | $233.1M | $16.6M | $2.0M |
| 2023 | 1,041 | $223.8M | $5.8M | $1.9M |
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 |
|---|---|---|---|---|
| MERCER | Investment Advisor | $670,549 | — | $670,549 |
| WILLIS TOWERS WATSON | Recordkeeper | $231,323 | — | $231,323 |
| MILLIMAN | Recordkeeper | $149,354 | — | $149,354 |
| ALSTON & BIRD LLP | ERISA Attorney | $102,570 | — | $102,570 |
| HERRONPALMER | Other Service Provider | $70,000 | — | $70,000 |
| THE NORTHERN TRUST COMPANY | Custodian / Trustee | $50,000 | — | $50,000 |
| EIDE BAILLY LLP | Auditor | $22,425 | — | $22,425 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON — Recordkeeper
- MILLIMAN — Recordkeeper
- 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: $1,296,221
- Estimated Expense Ratio: 0.556% 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 | $1,357,019 | $697,575 | — | — | — |
| 2023 | $2,036,902 | $624,003 | — | — | — |