Plan Ledger DOL Form 5500 · updated monthly

Sandia Office Supply, Inc.401(k)

SANDIA OFFICE SUPPLY, INC. 401(K) PLAN · ALBUQUERQUE, NM · plan year 2022

Reported admin expense ratio · 2022
0.40%

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

Sandia Office Supply, Inc. reported $32,180 in plan administrative expenses for 2022: 0.40% of average plan assets, below the peer median. Employer contributions averaged $1,552 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in New Mexico (160th of 290), and 3,164th of 5,215 in retail trade. In 2022, employees put in $1.89 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,506,841
Participants with balances100
Active participants129
Employer contributions$200,225
Employee contributions$377,946
Employer contribution per active participant$1,552
Average account balance$75,068
Benefits paid to participants$232,702
Plan auditUnmodified (clean) audit opinion
AuditorCURZON CUMBEY & KUNKEL PLLC
Plan history2
Yearassets · accounts · employer contribution
2023$0 · $85K emplr
2022$7.5M · 100 accts · $200K emplr
Administrative expenses, itemized · 2022
Professional / advisory$32,180
Total administrative$32,180
The Sandia Office Supply, Inc. 401(k) match · 2022
Employer contribution per active participant$1,552
Median for plans this size$1,114

Sandia Office Supply, Inc.'s 2022 employer contribution ran above the $1,114 median for plans its size. 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$32,180 · 0.40%
Similar plansRetail Trade · New Mexico
The Krumland Company, LLC NM$11.3M · 0.59%
Chalmers Ford, Inc. NM$7.9M · 0.91%
Sisbarro Autoworld, Inc. NM$6.1M · 0.71%
Afc Acquisition Corp NM$5.7M · 0.07%
Ziems Ford Corners, Inc. NM$4.3M · 0.92%
Borman Motor Company LLC NM$4.2M · 0.03%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 450502468 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.