Plan Ledger DOL Form 5500 · updated monthly

Burrell College of Osteopathic Medicine LLC401(k)

BCOM RETIREMENT PLAN · LAS CRUCES, NM · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Burrell College of Osteopathic Medicine LLC reported $52,981 in plan administrative expenses for 2024: 0.52% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,695 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 0.55% to 0.52%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 129th-largest of 290 plans among New Mexico employers on file, and 2,012th of 3,091 in educational services. In 2024, employees put in $1.99 for every $1.00 the employer contributed; active participation has grown from 134 to 157 since 2022.

Plan summary
Net assets, end of year$11,296,479
Participants with balances160
Active participants157
Employer contributions$580,069
Employee contributions$1,152,497
Employer contribution per active participant$3,695
Average account balance$70,603
Benefits paid to participants$686,641
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.3M · 160 accts · $580K emplr
2023$9.2M · 141 accts · $476K emplr
2022$6.9M · 129 accts · $410K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,322
Investment management$42,613
Trustee / custodial$7,046
Total administrative$52,981
The Burrell College of Osteopathic Medicine LLC 401(k) match · 2024
Employer contribution per active participant$3,695
Median for plans this size$2,416
2024$3,695 per active participant
2023$3,528 per active participant
2022$3,058 per active participant

Burrell College of Osteopathic Medicine LLC's 2024 employer contribution ran above the $2,416 median for plans its size. 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 · 20242
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$10,368
OPPENHEIMER & CO. INC. · Investment advisory (plan)$42,613

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

Recordkeeper by year2
2024Alerus
2023Alerus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$52,981 · 0.52%
2023$46,279 · 0.58%
2022$39,460 · 0.55%
Same employer
Similar plansEducational Services · New Mexico
Manzano Day School NM$12.7M · 0.31%
Santa Fe Institute NM$12.3M · 0.00%
Bosque School NM$11.8M · 0.50%
Navajo Technical University NM$11.4M · 0.98%
Jumpstart LLC NM$1.2M · 1.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470981990 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.