Plan Snapshot
- Plan Sponsor: Txnm Energy, INC.
- Sponsor EIN: 850468296
- Sponsor Address: 414 SILVER AVENUE SW, ALBUQUERQUE, NM, 87102
- Plan Type: Health & Welfare
- Plan Number: 604
- Total Participants: 2,054
- Total Assets: $79.7M
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 | 2,054 | $79.7M | $0 | $424,565 |
| 2023 | 1,956 | $81.8M | $0 | $852,725 |
| 2022 | 1,850 | $79.2M | $0 | $940,578 |
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 |
|---|---|---|---|---|
| PNM RESOURCES | Other Service Provider | $87,800 | — | $87,800 |
| SNELL & WILMER | ERISA Attorney | $47,690 | — | $47,690 |
| RV KUHNS & ASSOCIATES INC | Other Service Provider | $32,765 | — | $32,765 |
| BANK OF NEW YORK MELLON | Other Service Provider | $14,815 | — | $14,815 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SNELL & WILMER — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $183,070
- Estimated Expense Ratio: 0.230% 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 | $454,123 | $32,766 | $14,815 | — | — |
| 2023 | $412,607 | $12,194 | — | — | — |
| 2022 | $468,133 | — | — | — | $42,900 |