Midwest New Mexico Community Action Program 403(b) match, vesting and fees
What Midwest New Mexico Community Action Program's 403(b) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Sjt Group LLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 403(b) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 2,561 defined-contribution plans in other services with 100 to 499 participants.
| Midwest New Mexico Community Action Program: employer contribution per participant | $1,559 | |
| Peer median | $1,803 |
| Midwest New Mexico Community Action Program: average balance | $39,892 | |
| Peer median | $48,934 |
| Midwest New Mexico Community Action Program: admin expenses ÷ assets | 0.76% | |
| Peer median | 0.31% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $4.9M at the end of plan year 2021 to $5.4M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 150 | $5.4M | $211K | $1,559 | 0.76% | Not published | Form 5500 ↗ |
| 2023 | 157 | $4.9M | $230K | $1,587 | 0.74% | Not published | Form 5500 ↗ |
| 2022 | 150 | $4.2M | $204K | $1,498 | 0.73% | Not published | Form 5500 ↗ |
| 2021 | 155 | $4.9M | $216K | $1,524 | 0.96% | Not published | Form 5500 ↗ |
Common questions
Does Midwest New Mexico Community Action Program match 401(k) contributions?
The match terms for the Midwest New Mexico Community Action Program 403(b) Plan have not been published from its filing yet. The plan year 2024 filing reports $211K in employer contributions, about $1,559 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Midwest New Mexico Community Action Program 401(k) match vested?
The vesting schedule for the Midwest New Mexico Community Action Program 403(b) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Midwest New Mexico Community Action Program 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Midwest New Mexico Community Action Program.
I left Midwest New Mexico Community Action Program. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Midwest New Mexico Community Action Program, (505) 866-0466) or the recordkeeper, Principal Life Insurance Company. The Midwest New Mexico Community Action Program old 401(k) page lists the contacts from every plan filing. Find an old Midwest New Mexico Community Action Program 401(k)
Data from the public Form 5500 annual reports Midwest New Mexico Community Action Program filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Midwest New Mexico Community Action Program. Not financial advice. Report a correction · Methodology