Plan Ledger DOL Form 5500 · updated monthly

Goodwill Industries of New Mexico401(k)

GOODWILL INDUSTRIES OF NEW MEXICO 403(B) PLAN · ALBUQUERQUE, NM · plan year 2024

Reported admin expense ratio · 2024
0.84%

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

Goodwill Industries of New Mexico reported $18,496 in plan administrative expenses for 2024: 0.84% of average plan assets, higher than ~75% of peers. Employer contributions averaged $101 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 0.91% to 0.84%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in New Mexico (233rd of 290), and 4,547th of 5,215 in retail trade. In 2024, employees put in $3.53 for every $1.00 the employer contributed; active participation has grown from 356 to 442 since 2022.

Plan summary
Net assets, end of year$2,404,664
Participants with balances112
Active participants442
Employer contributions$44,474
Employee contributions$156,958
Employer contribution per active participant$101
Average account balance$21,470
Benefits paid to participants$231,004
Plan auditUnmodified (clean) audit opinion
AuditorSJT GROUP, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$2.4M · 112 accts · $44K emplr
2023$2.0M · 113 accts · $57K emplr
2022$1.8M · 121 accts · $57K emplr
Administrative expenses, itemized · 2024
Investment management$18,496
Total administrative$18,496
The Goodwill Industries of New Mexico 401(k) match · 2024
Employer contribution per active participant$101
Median for plans this size$1,313
2024$101 per active participant
2023$146 per active participant
2022$161 per active participant

Goodwill Industries of New Mexico'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 · 20243
NATIONWIDE · Recordkeeping · Custodial (securities)$14,833
NEWPORT GROUP, INC. · Recordkeeping · Pension consulting$7,967
LAKERIDGE WEALTH MANAGEMENT LLC · Investment advisory (participants)$11,800

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

Recordkeeper by year2
2024Nationwide, Newport (Ascensus)
2023Nationwide, Newport (Ascensus)

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

Administrative cost history3
2024$18,496 · 0.84%
2023$19,822 · 1.05%
2022$17,599 · 0.91%
Same employer
Similar plansRetail Trade · New Mexico
Bell Gas, Incorporated NM$1.3M · 0.89%
Desert Sun Motors, Inc. NM$1.3M · 0.77%
Builders Source, Inc. NM$1K · 0.78%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 850107916 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.