Plan Ledger DOL Form 5500 · updated monthly

Nmc, Inc.403(b)

NEW MEXICO CONSORTIUM 403B RETIREMENT PLAN · LOS ALAMOS, NM · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Nmc, Inc. reported $12,964 in plan administrative expenses for 2024: 0.13% of average plan assets, lower than ~75% of peers. Employer contributions averaged $8,862 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 0.16% to 0.13%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is the 136th-largest of 290 plans among New Mexico employers on file, and 7,901st of 11,654 in professional & technical services. In 2024, the employer put in $1.09 for every $1.00 employees contributed themselves; active participation has grown from 50 to 60 since 2022.

Plan summary
Net assets, end of year$10,307,507
Participants with balances217
Active participants60
Employer contributions$531,696
Employee contributions$486,327
Employer contribution per active participant$8,862
Average account balance$47,500
Benefits paid to participants$1,191,628
Plan auditUnmodified (clean) audit opinion
AuditorLOFTIS & LOVATO GROUP
Plan history3
Yearassets · accounts · employer contribution
2024$10.3M · 217 accts · $532K emplr
2023$9.3M · 216 accts · $498K emplr
2022$7.3M · 199 accts · $424K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,964
Total administrative$12,964
Employer contributions to the Nmc, Inc. plan · 2024
Employer contribution per active participant$8,862
Median for plans this size$1,313
2024$8,862 per active participant
2023$7,012 per active participant
2022$8,480 per active participant

Nmc, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20243
NEWPORT GROUP, INC. · Recordkeeping$12,964
THE VANGUARD GROUP, INC. · Investment managementindirect comp
NEWPORT TRUST COMPANY · Custodial (securities)indirect comp

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

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

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

Administrative cost history3
2024$12,964 · 0.13%
2023$12,574 · 0.15%
2022$11,925 · 0.16%
Similar plansProfessional & Technical Services · New Mexico
Prkk, LLC NM$12.8M · 0.14%
Payday, Inc. NM$10.4M · 1.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 260370262 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.