401(k) · DOL Form 5500 · 2023
New Mexico Electricians Retirement Benefit Fund 401(k) Plan
Data updated 2026-08-11
- $215M
- Total assets
- 1,366
- Participants
- 95th
- Percentile by assets
- $157,169
- Avg per participant
Official DOL plan name: New Mexico Electricians Retirement Benefit Fund · Sponsored by New Mexico Electricians Retirement Benefit Fund · New Mexico · Construction
$215M in assets, 1,366 participants
New Mexico Electricians Retirement Benefit Fund's New Mexico Electricians Retirement Benefit Fund reported $215M in total assets and 1,366 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.
- 95th percentile by assets (of 127,072 plans)
- #8,497 in Construction (9,030 peers)
Coverage in New Mexico
New Mexico Electricians Retirement Benefit Fund covers 1,366 participants in New Mexico, 3.7x the typical New Mexico plan (state average ~365 per filing). Assets: $215M.
- $215M
- total plan assets (2023 EOY)
- 1,366
- covered participants
- 95th
- percentile by assets (of 127,072 plans)
- $157,169
- avg assets per participant
Where New Mexico Electricians Retirement Benefit Fund sits by total assets
New Mexico Electricians Retirement Benefit Fund vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$214,692,407 Top 5% higher than 95% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- New Mexico Electricians Retirement Benefit Fund reported net income rose from -$21M in the plan year 2022 filing to $32M in the plan year 2023 filing.
- New Mexico Electricians Retirement Benefit Fund end-of-year assets rose from $183M in the plan year 2022 filing to $215M in the plan year 2023 filing.
- New Mexico Electricians Retirement Benefit Fund reported participants rose from 1,353 in the plan year 2022 filing to 1,366 in the plan year 2023 filing.
Participants vs New Mexico filers
In New Mexico, the average filing covers about 365 participants across 466 plans. New Mexico Electricians Retirement Benefit Fund reports 1,366 participants - 3.7x that state average ($215M EOY assets).
New Mexico filing particulars
| Total Assets (Beginning of Year) | $183M |
|---|---|
| Net Assets (End of Year) | $215M |
| Net Income | $32M |
| Employer EIN | 516105542 |
| Plan Effective Date | 1972-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (New Mexico Electricians Retirement Benefit Fund)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,353 | $183M |
| 2023 | 1 | 1,366 | $215M |
| 2024 | 1 | 1,400 | $239M |
Nearby 401(k) Plans in New Mexico
Peer 401(k) plans, same state, same plan type, ranked by total assets.
New Mexico Electricians Retirement Benefit Fund vs. nearby 401(k) plans in New Mexico, assets vs. participants
- Ntess Savings and Income Plan $6.1B · 14,721
- Triad 401(k) Retirement Plan $2.0B · 10,005
- Triad 401(k) Savings Plan $840M · 2,249
- Pnm Resources, Inc. Retirement Savings Plan $765M · 1,531
- Applied Research Associates, Inc. 401(k) Profit Sharing Plan & Trust $573M · 1,962
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to New Mexico Electricians Retirement Benefit Fund by total assets, not by location.
- Rothman Institute 401(k) Profit Sharing Plan (PA) $215M · 1,761
- Monster Worldwide Inc. 401(k) Savings Plan (MA) $215M · 589
- Mckinstry Co. Profit Sharing and 401(k) Plan (WA) $215M · 1,295
- Calix, Inc. 401(k) Retirement Savings Plan. (CA) $215M · 929
Frequently Asked Questions
How did New Mexico Electricians Retirement Benefit Fund assets move in 2023? ▼
How have New Mexico Electricians Retirement Benefit Fund plan assets changed over time? ▼
Where does New Mexico Electricians Retirement Benefit Fund rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to New Mexico Electricians Retirement Benefit Fund? ▼
Next read for New Mexico Electricians Retirement Benef…
Filing takeaways
Ways to act on New Mexico Electricians Retirement Benefit Fund's numbers.
- By total assets, New Mexico Electricians Retirement Benefit Fund ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in New Mexico. Compare plans
- New Mexico Electricians Retirement Benefit Fund's sponsor-wide assets have grown 31.1% since 2022 across 3 plan years on file. More Construction plans