Plan Ledger DOL Form 5500 · updated monthly

Nm State Conference of the Masons' Pension Trust FundMoney purchase plan

NM STATE CONFERENCE OF THE OPERATIVE PLASTERERS' & CEMENT MASONS' PENSION TRUST FUND · ALBUQUERQUE, NM · plan year 2024

Reported admin expense ratio · 2024
1.59%

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

Nm State Conference of the Masons' Pension Trust Fund reported $205,775 in plan administrative expenses for 2024: 1.59% of average plan assets, higher than ~90% of peers. Employer contributions averaged $6,727 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 1.80% to 1.59%. 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 111th-largest of 290 plans among New Mexico employers on file, and the 2,645th of 5,337 in construction.

Plan summary
Net assets, end of year$13,437,988
Participants with balances85
Active participants85
Employer contributions$571,794
Employee contributions—
Employer contribution per active participant$6,727
Average account balance$158,094
Benefits paid to participants$359,615
Plan auditUnmodified (clean) audit opinion
AuditorBALDWIN MOFFITT BEHM LLP
Plan history3
Yearassets · accounts · employer contribution
2024$13.4M · 85 accts · $572K emplr
2023$12.5M · $510K emplr
2022$12.2M · $438K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,223
Investment management$65,844
Audit (IQPA)$10,541
Total administrative$205,775
Employer contributions to the Nm State Conference of the Masons' Pension Trust Fund plan · 2024
Employer contribution per active participant$6,727
Median for plans this size$2,416
2024$6,727 per active participant
2023$2,684 per active participant
2022$5,089 per active participant

Nm State Conference of the Masons' Pension Trust Fund'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 · 202410
SOUTHWEST SERVICE ADMINISTRATION · Contract administrator$43,877
THE SEGAL COMPANY · Actuarial$35,612
THE KELLEY LAW GROUP · Investment advisory (plan)$27,955
SEGAL SELECT INSURANCE$13,900
LEGG MASON · Investment advisory (plan)$11,474
EATON VANCE · Investment advisory (plan)$11,113
WCM INVESTMENTS · Investment advisory (plan)$11,013
BALDWIN MOFFITT BEHM LLP · Accounting / audit$10,541
WELLESLEY · Investment advisory (plan)$8,730
LAZARD · Investment advisory (plan)$7,097

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$205,775 · 1.59%
2023$262,543 · 2.13%
2022$208,656 · 1.80%
Similar plansConstruction · New Mexico
Aui, Inc. NM$20.1M · 0.73%
B & D Industries, Inc. NM$15.7M · 0.36%
Hb Administration, Inc. NM$13.3M · 0.31%
Constructors Incorporated NM$10.6M · 0.74%
Gridworks, Inc. NM$8.8M · 0.81%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 856073938 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.