Plan Snapshot
- Plan Sponsor: Texas-New Mexico Power
- Sponsor EIN: 750204070
- Sponsor Address: 414 SILVER AVE SW, ALBUQUERQUE, NM, 87102
- Plan Type: DB
- Total Participants: 114
- Total Assets: $38.2M
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 | 114 | $38.2M | $0 | $0 |
| 2023 | 128 | $41.4M | $0 | $0 |
| 2022 | 140 | $43.4M | $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 |
|---|---|---|---|---|
| NORTHERN TRUST | N/A | $256,263 | — | $256,263 |
| MILLIMAN | N/A | $17,275 | — | $17,275 |
| BANK OF NEW YORK MELLON | N/A | $9,717 | — | $9,717 |
| RV KUHNS & ASSOCIATES | N/A | $9,408 | — | $9,408 |
| MORGAN STANLEY | N/A | $5,818 | — | $5,818 |
| WILLIS TOWERS WATSON | N/A | $5,193 | — | $5,193 |
| BAKER TILLY US | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN — N/A
- MORGAN STANLEY — N/A
- WILLIS TOWERS WATSON — N/A
- BAKER TILLY US — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $303,674
- Estimated Expense Ratio: 0.794% 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 | $635,937 | $258,501 | $26,683 | — | — |
| 2023 | $639,056 | $10,938 | $55,502 | — | — |
| 2022 | $217,037 | $28,131 | $79,477 | — | $32,655 |