Board of Trustees Sm Workers Local 49 Defined Contribution Plan401(k)

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

Board of Trustees Sm Workers Local 49 Defined Contribution Plan reported $220,850 in plan administrative expenses for 2024: 0.94% of average plan assets, higher than ~90% of peers. Employer contributions averaged $639 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 1.03% to 0.94%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 72nd-largest of 290 plans among New Mexico employers on file, and the 889th of 3,341 in other services. In 2024, employees put in $3.64 for every $1.00 the employer contributed; active participation has shrunk from 772 to 633 since 2022.