Plan Ledger DOL Form 5500 · updated monthly

All Faiths401(k)

ALL FAITHS 401(K) PLAN · ALBUQUERQUE, NM · plan year 2024

Reported admin expense ratio · 2024
0.96%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

All Faiths reported $17,912 in plan administrative expenses for 2024: 0.96% of average plan assets, higher than ~75% of peers. Employer contributions averaged $408 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 1.09% to 0.96%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New Mexico (243rd of 290), and 10,167th of 11,911 in health care & social assistance. In 2024, employees put in $4.65 for every $1.00 the employer contributed; active participation has shrunk from 116 to 98 since 2022.

Plan summary
Net assets, end of year$1,865,396
Participants with balances67
Active participants98
Employer contributions$39,996
Employee contributions$186,103
Employer contribution per active participant$408
Average account balance$27,842
Benefits paid to participants$434,283
Plan auditUnmodified (clean) audit opinion
AuditorPULAKOS CPAS, PC
Plan history3
Yearassets · accounts · employer contribution
2024$1.9M · 67 accts · $40K emplr
2023$1.9M · 63 accts · $33K emplr
2022$1.5M · 58 accts · $33K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,389
Investment management$1,497
Trustee / custodial$753
Total administrative$17,912
The All Faiths 401(k) match · 2024
Employer contribution per active participant$408
Median for plans this size$1,313
2024$408 per active participant
2023$261 per active participant
2022$288 per active participant

All Faiths's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
BOKF, NA · Trustee · Trustee (directed)$17,898

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$17,912 · 0.96%
2023$17,949 · 1.07%
2022$17,097 · 1.09%
Same employer
Similar plansHealth Care & Social Assistance · New Mexico
Duke City Urgent Care LLC NM$2.1M · 0.04%
Basin Home Health, Inc. NM$2.1M · 0.67%
Santa Fe Recovery Center NM$1.6M · 1.68%
Help - New Mexico, Inc. NM$1.5M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 850165284 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.