Plan Ledger DOL Form 5500 · updated monthly

Perinatal Associates of New Mexico LTD401(k)

PERINATAL ASSOCIATES OF NEW MEXICO, LTD 401(K) PROFIT SHARING PLAN AND TRUST · ALBUQUERQUE, NM · plan year 2024

Reported admin expense ratio · 2024
0.66%

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

Perinatal Associates of New Mexico LTD reported $122,252 in plan administrative expenses for 2024: 0.66% of average plan assets, higher than ~90% of peers. Employer contributions averaged $5,846 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 0.66%. 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 88th-largest of 290 plans among New Mexico employers on file, and the 3,719th of 11,911 in health care & social assistance. In 2024, employees put in $1.02 for every $1.00 the employer contributed; active participation has grown from 93 to 120 since 2022.

Plan summary
Net assets, end of year$19,785,162
Participants with balances165
Active participants120
Employer contributions$701,545
Employee contributions$712,219
Employer contribution per active participant$5,846
Average account balance$119,910
Benefits paid to participants$746,315
Plan auditUnmodified (clean) audit opinion
AuditorLOFTIS & LOVATO GROUP
Plan history3
Yearassets · accounts · employer contribution
2024$19.8M · 165 accts · $702K emplr
2023$17.0M · 148 accts · $608K emplr
2022$14.3M · 134 accts · $558K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,483
Investment management$82,769
Total administrative$122,252
The Perinatal Associates of New Mexico LTD 401(k) match · 2024
Employer contribution per active participant$5,846
Median for plans this size$2,416
2024$5,846 per active participant
2023$5,582 per active participant
2022$6,004 per active participant

Perinatal Associates of New Mexico LTD'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 · 20242
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$38,358
MERRILL LYNCH · Investment advisory (participants)$82,769

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$122,252 · 0.66%
2023$103,078 · 0.66%
2022$98,380 · 0.64%
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%
El Centro Family Health NM$17.0M · 0.12%
Arca NM$16.5M · 0.67%

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Source: U.S. Department of Labor, Form 5500 series, EIN 850360918 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.