Plan Snapshot
- Plan Sponsor: New Mexico Wineries INC
- Sponsor EIN: 850333470
- Sponsor Address: 1325 DE BACA RD SE, DEMING, NM, 880309033
- Plan Type: 401(k)
- Total Participants: 340
- Total Assets: $3.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 340 | $3.5M | $115,609 | $178,539 |
| 2023 | 118 | $3.2M | $108,253 | $180,400 |
| 2022 | 110 | $2.6M | $119,807 | $208,890 |
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 |
|---|---|---|---|---|
| TRANSAMERICA LIFE INSURANCE COMPANY | Recordkeeper | $16,074 | — | $16,074 |
| ADMINISTRATIVE GROUP LLC DBA TAG | Recordkeeper | $8,351 | — | $8,351 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA LIFE INSURANCE COMPANY — Recordkeeper
- ADMINISTRATIVE GROUP LLC DBA TAG — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $24,425
- Estimated Expense Ratio: 0.695% 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 | $33,948 | $2,388 | — | — | — |
| 2023 | $30,737 | — | $11,393 | — | — |
| 2022 | $30,450 | — | $30,450 | — | — |