Plan Snapshot
- Plan Sponsor: Txnm Energy, INC.
- Sponsor EIN: 850468296
- Sponsor Address: 414 SILVER AVENUE SW, ALBUQUERQUE, NM, 87102
- Plan Type: 401(k)
- Plan Number: 603
- Total Participants: 1,695
- Total Assets: -$2,122,000
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 | 1,695 | -$2,122,000 | $15.5M | $6.9M |
| 2023 | 1,635 | -$2,263,000 | $15.6M | $6.7M |
| 2022 | 1,537 | -$2,582,000 | $22.0M | $6.9M |
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 |
|---|---|---|---|---|
| BCBS | Other Service Provider | $602,608 | — | $602,608 |
| EXPRESS SCRIPTS | Other Service Provider | $358,816 | — | $358,816 |
| PRESBYTERIAN | Other Service Provider | $339,341 | — | $339,341 |
| RELIASTAR | Other Service Provider | $195,537 | — | $195,537 |
| DELTA DENTAL PLAN OF NM | Other Service Provider | $84,537 | — | $84,537 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,580,839
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 | $1,580,838 | — | $1,580,838 | — | — |
| 2023 | $1,474,128 | — | $1,474,128 | — | — |
| 2022 | $1,553,545 | — | $1,533,797 | — | — |