# Txnm Energy, INC. 401(k) Plan
Source: https://planprovider.pro/companies/txnm-energy-inc-850468296-603

> Txnm Energy, INC.'s 401(k) plan: 1,695 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

## Similar Plans

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- [Txnm Energy, INC.](https://planprovider.pro/companies/txnm-energy-inc-850468296-604) — 2,054 participants

- [Txnm Energy, INC.](https://planprovider.pro/companies/txnm-energy-inc-850468296-602) — 1,695 participants

- [Txnm Energy, INC.](https://planprovider.pro/companies/txnm-energy-inc-850468296-605) — 1,695 participants

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