TXNM Energy 401(k) match, vesting and fees
What TXNM Energy's 401(k) 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 | Vanguard Group Inc | Schedule C ↗ |
| Independent auditor | Moss Adams LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 87 defined-contribution plans in utilities with 1,000 to 4,999 participants.
| TXNM Energy: employer contribution per participant | $6,725 | |
| Peer median | $5,188 |
| TXNM Energy: average balance | $302,110 | |
| Peer median | $183,243 |
| TXNM Energy: admin expenses ÷ assets | 0.09% | |
| Peer median | 0.09% |
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 $765M at the end of plan year 2023 to $827M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 2,791 | $827M | $18.4M | $6,725 | 0.09% | Not published | Form 5500 ↗ |
| 2023 | 2,754 | $765M | $16.8M | $6,230 | 0.09% | Not published | Form 5500 ↗ |
Other TXNM Energy plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Pnm Resources Inc. Employees' Retirement Plan
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.
| Independent auditor | Baker Tilly US (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Common questions
Does TXNM Energy match 401(k) contributions?
The match terms for the Txnm Energy, Inc. Retirement Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $18.4M in employer contributions, about $6,725 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the TXNM Energy 401(k) match vested?
The vesting schedule for the Txnm Energy, Inc. Retirement Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the TXNM Energy 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Vanguard Group Inc. The plan administrator is Txnm Energy Benefits Governance Committee.
I left TXNM Energy. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Txnm Energy Benefits Governance Committee, (505) 241-2700) or the recordkeeper, Vanguard Group Inc. The TXNM Energy old 401(k) page lists the contacts from every plan filing. Find an old TXNM Energy 401(k)
Data from the public Form 5500 annual reports TXNM Energy filed with the U.S. Department of Labor (plan years 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 TXNM Energy. Not financial advice. Report a correction · Methodology