Plan Ledger DOL Form 5500 · updated monthly

New Mexico Oncology Hematology Consultants, LTD401(k)

NEW MEXICO ONCOLOGY HEMATOLOGY CONSULTANTS, LTD 401(K) PROFIT SHARING PLAN · ALBUQUERQUE, NM · plan year 2023

Reported admin expense ratio · 2023
0.42%

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

New Mexico Oncology Hematology Consultants, LTD reported $103,045 in plan administrative expenses for 2023: 0.42% of average plan assets, above the peer median. Employer contributions averaged $6,577 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 3 years on file its reported administrative ratio has held roughly steady near 0.428%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 55th-largest of 290 plans among New Mexico employers on file, and the 2,971st of 11,911 in health care & social assistance. In 2023, the employer put in $1.22 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$27,249,263
Participants with balances250
Active participants229
Employer contributions$1,506,100
Employee contributions$1,234,359
Employer contribution per active participant$6,577
Average account balance$108,997
Benefits paid to participants$1,471,255
Plan auditUnmodified (clean) audit opinion
AuditorREDW
Plan history3
Yearassets · accounts · employer contribution
2024$26.7M · 260 accts · $1.1M emplr
2023$27.2M · 250 accts · $1.5M emplr
2022$22.3M · 232 accts · $632K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$23,465
Investment management$79,580
Total administrative$103,045
The New Mexico Oncology Hematology Consultants, LTD 401(k) match · 2023
Employer contribution per active participant$6,577
Median for plans this size$2,440
2024$4,378 per active participant
2023$6,577 per active participant
2022$2,979 per active participant

New Mexico Oncology Hematology Consultants, LTD's 2023 employer contribution ran above the $2,440 median for plans its size, placing it in the top 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
MORGAN STANLEY · Investment advisory (plan)$79,580
EMPOWER ADVISORY GROUP, LLC · Investment management$13,767

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$115,431 · 0.43%
2023$103,045 · 0.42%
2022$100,248 · 0.43%
Same employer
Similar plansHealth Care & Social Assistance · New Mexico
La Clinica de Familia, Inc. NM$26.4M · 0.04%
Artesia General Hospital NM$21.5M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 850367056 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.