Plan Ledger DOL Form 5500 · updated monthly

New Mexico Orthopaedic Associates, P.C.401(k)

NEW MEXICO ORTHOPAEDIC ASSOCIATES, PC 401(K) PROFIT SHARING PLAN · ALBUQUERQUE, NM · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

New Mexico Orthopaedic Associates, P.C. reported $20,707 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $9,029 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 0.09% to 0.04%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 33rd-largest of 290 plans among New Mexico employers on file, and the 1,781st of 11,911 in health care & social assistance. In 2024, the employer put in $1.33 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$52,953,174
Participants with balances309
Active participants240
Employer contributions$2,166,956
Employee contributions$1,630,199
Employer contribution per active participant$9,029
Average account balance$171,369
Benefits paid to participants$3,465,394
Plan auditUnmodified (clean) audit opinion
AuditorLOFTIS & LOVATO GROUP
Plan history3
Yearassets · accounts · employer contribution
2024$53.0M · 309 accts · $2.2M emplr
2023$47.0M · 352 accts · $2.0M emplr
2022$40.5M · 349 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,707
Total administrative$20,707
The New Mexico Orthopaedic Associates, P.C. 401(k) match · 2024
Employer contribution per active participant$9,029
Median for plans this size$2,416
2024$9,029 per active participant
2023$8,462 per active participant
2022$7,100 per active participant

New Mexico Orthopaedic Associates, P.C.'s 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
SENTINEL BENEFITS GROUP, LLC · Recordkeeping · Loan processing$16,950

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

Recordkeeper by year2
2024Sentinel Group
2023ALLIANCE BENEFIT GROUP SOUTHWEST, Sentinel Group

This plan has changed recordkeepers within these filings. If you left New Mexico Orthopaedic Associates, P.C. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$20,707 · 0.04%
2023$140,671 · 0.32%
2022$38,692 · 0.09%
Same employer
Similar plansHealth Care & Social Assistance · New Mexico

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Source: U.S. Department of Labor, Form 5500 series, EIN 850291612 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.