Plan Ledger DOL Form 5500 · updated monthly

Navajo Engineering and Construction AuthorityDC plan

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF NAVAJO ENGINEERING AND CONSTRUCTION AUTHORITY · SHIPROCK, NM · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Navajo Engineering and Construction Authority reported $4,181 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,086 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 rose from 0.01% to 0.02%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 83rd-largest of 290 plans among New Mexico employers on file, and the 1,925th of 5,337 in construction. In 2024, the employer put in $1.61 for every $1.00 employees contributed themselves; active participation has grown from 291 to 344 since 2022.

Plan summary
Net assets, end of year$21,417,035
Participants with balances628
Active participants344
Employer contributions$1,061,578
Employee contributions$658,614
Employer contribution per active participant$3,086
Average account balance$34,104
Benefits paid to participants$2,446,994
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.4M · 628 accts · $1.1M emplr
2023$20.0M · 565 accts · $867K emplr
2022$16.8M · 574 accts · $320K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,181
Total administrative$4,181
Employer contributions to the Navajo Engineering and Construction Authority plan · 2024
Employer contribution per active participant$3,086
Median for plans this size$2,416
2024$3,086 per active participant
2023$2,752 per active participant
2022$1,099 per active participant

Navajo Engineering and Construction Authority'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 · 20241
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$7,142

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

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

Administrative cost history3
2024$4,181 · 0.02%
2023$9,384 · 0.05%
2022$1,769 · 0.01%
Similar plansConstruction · New Mexico
Brycon Corporation NM$24.6M · 0.48%
Tlc Company, Inc. NM$22.8M · 0.09%
Aui, Inc. NM$20.1M · 0.73%
B & D Industries, Inc. NM$15.7M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 850412344 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.