401(k) · DOL Form 5500 · 2023

New Mexico Electricians Retirement Benefit Fund 401(k) Plan

Data updated 2026-08-25

$215M
Total assets Near avg plan size
1,366
Participants Near avg headcount
95th
Percentile by assets National rank
$157,169
Avg per participant Above avg balance/head
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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.

  • #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.

#8,497
in Construction (9,030 peers)
+17.6%
assets growth YoY
2.2×
vs typical plan assets (national mean)

New Mexico Electricians Retirement Benefit Fund's outsized position 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

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 Electricians Retirement Benefit Fund's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. New Mexico Electricians Retirement Benefit Fund lands in the large band (1,366 participants).

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.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 516105542 · New Mexico Electricians Retirement Benefit Fund PY 2023 · 401(k)

New Mexico Electricians Retirement Benefit Fund · $215M · 1,366 · 95th

  • SCH $215M
  • EBSA 1,366
  • PART 95th
  • TYPE 401(k)
  • NET near Rothman Institute 401(k) Profit Sharing Plan
  • BOOK ind #8497

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 Construction retirement plans → · Plans in New Mexico →

New Mexico Electricians Retirement Benefit Fund in the asset neighbourhood

Calix, Inc. 401(k) Retirement Savings Plan.Calix, Inc. 401(k) Retiremen…$215MRothman Institute 401(k) Profit Sharing PlanRothman Institute 401(k) Pro…$215MNew Mexico Electricians Retirement Benefit FundNew Mexico Electricians Reti…$215MMonster Worldwide Inc. 401(k) Savings PlanMonster Worldwide Inc. 401(k…$215MMckinstry Co. Profit Sharing and 401(k) PlanMckinstry Co. Profit Sharing…$215M
End-of-year total assets ($M) among New Mexico Electricians Retirement Benefit Fund and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

New Mexico filing particulars

Total Assets (Beginning of Year)$183M
Net Assets (End of Year)$215M
Net Income$32M
Employer EIN516105542
Plan Effective Date1972-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (New Mexico Electricians Retirement Benefit Fund)

Sponsor-wide plan assets over time

All New Mexico Electricians Retirement Benefit Fund plans reported in each filing year

Latest sponsor-wide plan assets
$239M 31.101740927325526% vs 2022
2024 filing year
$160M$180M$200M$220M$240M$260M 202220232024 $183M $239M ▲ +31.1%
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 Scatter plot of 6 data points. 05000100001500020000 -202468 Total assets ($B) Participants New Mexico Electricians Retirement Benefit Fund, Total assets ($B): 0.214692407 · Participants: 1366New Mexico Electricians Retirement Benefit FundNtess Savings and Income Plan, Total assets ($B): 6.138288212 · Participants: 14721Ntess Savings and Income PlanTriad 401(k) Retirement Plan, Total assets ($B): 2.017061751 · Participants: 10005Triad 401(k) Retirement PlanTriad 401(k) Savings Plan, Total assets ($B): 0.83962508 · Participants: 2249Triad 401(k) Savings PlanPnm Resources, Inc. Retirement Savings Plan, Total assets ($B): 0.76542965 · Participants: 1531Pnm Resources, Inc. Retirement Savings PlanApplied Research Associates, Inc. 401(k) Profit Sharing Plan & Trust, Total assets ($B): 0.573005592 · Participants: 1962Applied Research Associates, Inc. 401(k) Profit Sharing Plan & Trust
New Mexico Electricians Retirement Benefit Fund vs. nearby 401(k) plans in New Mexico, assets vs. participants
Compare New Mexico Electricians Retirement Benefit Fund side-by-side with 3 peers →

New Mexico Electricians Retirement Benefit Fund's out-of-state 401(k) peers by assets and headcount

Outside New Mexico, the nearest 401(k) by assets is Rothman Institute 401(k) Profit Sharing Plan in PA ($215M); by covered participants it is Southern Motion, Inc. 401(k) Plan in MS (1,366 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($215M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,366 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 Electricians Retirement Benefit Fund assets move in 2023? ▼
New Mexico Electricians Retirement Benefit Fund grew sharply - up 17.6% during 2023, from $183M to $215M. Reported net income was $32M.
How have New Mexico Electricians Retirement Benefit Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), New Mexico Electricians Retirement Benefit Fund's sponsor-wide assets grew 31.1%, from $183M to $239M.
Where does New Mexico Electricians Retirement Benefit Fund rank by assets among Form 5500 filers? ▼
New Mexico Electricians Retirement Benefit Fund ranks in the 95th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to New Mexico Electricians Retirement Benefit Fund? ▼
Among 401(k) plans in other states, the closest by assets is Rothman Institute 401(k) Profit Sharing Plan in PA ($215M, 1,761 participants).
Which 401(k) plans cover a similar participant headcount to New Mexico Electricians Retirement Benefit Fund? ▼
Among 401(k) plans in other states, the closest by covered participants is Southern Motion, Inc. 401(k) Plan in MS (1,366 participants, $7M 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 516105542.

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.