Plan Snapshot
- Plan Sponsor: The New Mexican, INC.
- Sponsor EIN: 850095953
- Sponsor Address: P.O. BOX 2048, SANTA FE, NM, 87504
- Plan Type: 401(k)
- Total Participants: 172
- Total Assets: $6.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 172 | $6.2M | $0 | $298,982 |
| 2023 | 160 | $5.4M | $0 | $304,979 |
| 2022 | 155 | $5.3M | $786 | $276,090 |
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 |
|---|---|---|---|---|
| CARR, RIGGS & INGRAM, LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $539,324 | — | $9,893 | — | — |
| 2023 | $1,216,355 | — | $11,450 | — | — |
| 2022 | $14,216 | $4,013 | — | — | — |