ESOP · DOL Form 5500 · 2023

New Mexico First Financial, Inc. ESOP

Data updated 2026-08-25

$482K
Total assets Small plan by assets
50
Participants Small participant base
18th
Percentile by assets National rank
$9,642
Avg per participant Low balance/head
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Official DOL plan name: New Mexico First Financial, Inc. Employee Stock Ownership Plan · Sponsored by New Mexico First Financial, Inc. · New Mexico · Finance & Insurance

$482K in assets, 50 participants

New Mexico First Financial, Inc.'s New Mexico First Financial, Inc. Employee Stock Ownership Plan reported $482K in total assets and 50 participants in its 2023 DOL Form 5500 filing, ranking in the 18th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #955 in Finance & Insurance (8,869 peers)

What the 2023 filing shows

New Mexico First Financial, Inc. Employee Stock Ownership Plan holds $482K for 50 participants - about $9,642 per participant, among the smaller plans by assets on file.

#955
in Finance & Insurance (8,869 peers)
+7.2%
assets growth YoY

New Mexico First Financial, Inc. Employee Stock Ownership Plan among the smaller filed plans by assets

New Mexico First Financial, Inc. Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$482,088 18th percentile higher than 18% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

New Mexico First Financial, Inc. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. New Mexico First Financial, Inc. Employee Stock Ownership Plan is a small filing (50 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • New Mexico First Financial, Inc. Employee Stock Ownership Plan reported net income fell from $124K in the plan year 2022 filing to $32K in the plan year 2023 filing.
  • New Mexico First Financial, Inc. Employee Stock Ownership Plan end-of-year assets rose from $450K in the plan year 2022 filing to $482K in the plan year 2023 filing.
  • New Mexico First Financial, Inc. Employee Stock Ownership Plan reported participants fell from 52 in the plan year 2022 filing to 50 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 510389607 · New Mexico First Financial, Inc. PY 2023 · ESOP

New Mexico First Financial, Inc. Employee Stock Ownership Plan · $482K · 50 · 18th

  • BOOK $482K
  • BOOK 50
  • BOOK 18th
  • BOOK ESOP
  • BOOK near International Capital Holding Group, Inc. Employee Stock Ownership Plan
  • BOOK ind #955

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with What is an ESOP? → · Plans in New Mexico →

New Mexico First Financial, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Vacation Rentals, Inc. Employee Stock Ownership PlanVacation Rentals, Inc. Emplo…$486KNew Mexico First Financial, Inc. Employee Stock Ownership PlanNew Mexico First Financial, …$482KInternational Capital Holding Group, Inc. Employee Stock Ownership PlanInternational Capital Holdin…$482KValdez Construction, Inc. Employee Stock Ownership PlanValdez Construction, Inc. Em…$481KMartenson & Eisele, Inc. Employee Stock Ownership PlanMartenson & Eisele, Inc. Emp…$478K
End-of-year total assets ($M) among New Mexico First Financial, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Filing particulars (2023)

Total Assets (Beginning of Year)$450K
Net Assets (End of Year)$482K
Net Income$32K
Employer EIN510389607
Plan Effective Date2018-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (New Mexico First Financial, Inc.)

Sponsor-wide plan assets over time

All New Mexico First Financial, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$482K 7.1999893264310915% vs 2022
2023 filing year
$0.44M$0.45M$0.46M$0.47M$0.48M$0.49M 20222023 $0.45M $0.48M ▲ +6.7%
Year Plans Participants Total Assets
2022 1 52 $450K
2023 1 50 $482K

Nearby ESOP Plans in New Mexico

Peer ESOP plans, same state, same plan type, ranked by total assets.

New Mexico First Financial, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in New Mexico, assets vs. participants Scatter plot of 6 data points. -50005001000150020002500 -2000200400600800 Total assets ($M) Participants New Mexico First Financial, Inc. Employee Stock Ownership Plan, Total assets ($M): 0.482088 · Participants: 50New Mexico First Financial, Inc. Employee Stock Ownership PlanEmployee Stock Ownership Plan of Applied Research Associates, Inc., Total assets ($M): 605.825813 · Participants: 1981Employee Stock Ownership Plan of Applied Research Associates, Inc.Ppic Employee Stock Ownership Plan, Total assets ($M): 58.69174 · Participants: 107Ppic Employee Stock Ownership PlanAzurite Professional Community Employee Stock Ownership Plan, Total assets ($M): 23.538133 · Participants: 259Azurite Professional Community Employee Stock Ownership PlanCitizens Bank Employee Stock Ownership and Retirement Savings Plan, Total assets ($M): 21.320873 · Participants: 101Citizens Bank Employee Stock Ownership and Retirement Savings PlanCommerce Bancshares of Roswell, Inc. Employee Stock Ownership Plan, Total assets ($M): 18.971857 · Participants: 14Commerce Bancshares of Roswell, Inc. Employee Stock Ownership Plan
New Mexico First Financial, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in New Mexico, assets vs. participants
Compare New Mexico First Financial, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

New Mexico First Financial, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside New Mexico, the nearest ESOP by assets is International Capital Holding Group, Inc. Employee Stock Ownership Plan in NC ($482K); by covered participants it is Tc Federal Bank Employee Stock Ownership Plan in GA (50 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (50 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did New Mexico First Financial, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
New Mexico First Financial, Inc. Employee Stock Ownership Plan grew at a solid clip - up 7.2% during 2023, from $450K to $482K. Reported net income was $32K.
How have New Mexico First Financial, Inc. plan assets changed over time? ▼
Across 2 plan years on file (2022-2023), New Mexico First Financial, Inc.'s sponsor-wide assets grew 7.2%, from $450K to $482K.
Where does New Mexico First Financial, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
New Mexico First Financial, Inc. Employee Stock Ownership Plan ranks in the 18th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the smaller plans by assets on file).
Which ESOP plans are similar in size to New Mexico First Financial, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is International Capital Holding Group, Inc. Employee Stock Ownership Plan in NC ($482K, 13 participants).
Which ESOP plans cover a similar participant headcount to New Mexico First Financial, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Tc Federal Bank Employee Stock Ownership Plan in GA (50 participants, $5M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 510389607.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.