Plan Ledger DOL Form 5500 · updated monthly

Southwest Glass & Glazing, Inc.401(k)

SOUTHWEST GLASS & GLAZING, INC. 401(K) PROFIT SHARING PLAN · ALBUQUERQUE, NM · plan year 2024

Reported admin expense ratio · 2024
1.54%

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

Southwest Glass & Glazing, Inc. reported $91,625 in plan administrative expenses for 2024: 1.54% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,240 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 rose from 1.45% to 1.54%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in New Mexico (172nd of 290), and 3,652nd of 5,337 in construction. In 2024, the employer put in $1.21 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$6,582,554
Participants with balances168
Active participants152
Employer contributions$492,422
Employee contributions$407,688
Employer contribution per active participant$3,240
Average account balance$39,182
Benefits paid to participants$431,942
Plan auditUnmodified (clean) audit opinion
AuditorPELTIER, GUSTAFSON, & MILLER, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$6.6M · 168 accts · $492K emplr
2023$5.4M · 155 accts · $579K emplr
2022$4.3M · 150 accts · $439K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$65,925
Investment management$25,700
Total administrative$91,625
The Southwest Glass & Glazing, Inc. 401(k) match · 2024
Employer contribution per active participant$3,240
Median for plans this size$1,313
2024$3,240 per active participant
2023$4,048 per active participant
2022$3,094 per active participant

Southwest Glass & Glazing, 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
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$50,320
OSAIC WEALTH, INC. · Investment advisory (plan)$25,700
PELTIER, GUSTAFSON & MILLER, P.A. · Accounting / audit$15,606

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

Recordkeeper by year2
2024The Standard
2023The Standard

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

Administrative cost history3
2024$91,625 · 1.54%
2023$91,298 · 1.89%
2022$72,943 · 1.45%
Similar plansConstruction · New Mexico
Gridworks, Inc. NM$8.8M · 0.81%
Rmci, Inc. NM$8.1M · 0.54%
Albuquerque Asphalt, Inc. NM$7.4M · 0.84%
Bixby Electric, Inc. NM$5.9M · 0.76%
Gci, Inc. NM$4.5M · 0.00%
Amfabsteel, Inc. NM$3.9M · 1.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 850203475 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.