State retirement profile · Form 5500

Retirement Plans in New Mexico

According to DOL Form 5500 filings (plan year 2024), employer-sponsored 401(k), pension, and other retirement plans headquartered in New Mexico report the totals below.

Data updated 2026-08-25

466
Plans
$33.4B
Total assets
#39
By assets

$33.4B across 466 plans

According to DOL Form 5500 filings (plan year 2024), New Mexico has 466 employer-sponsored retirement plans holding $33.4B in total assets for 169,894 participants, ranking 39th nationally by plan assets, with 74% structured as 401(k)s and an average of $72M per plan.

  • 39th nationally by plan assets
  • 74% 401(k) plans

The state in one line

New Mexico hosts 466 employer-sponsored retirement plans holding $33.4B for 169,894 participants, the 39th-largest state by plan assets.

$33.4B
total plan assets
466
employer plans
$196,745
avg assets per participant
74%
of plans are 401(k)s
401(k) Plans
346
Participants
169,894

What the Form 5500 Data Shows for New Mexico

New Mexico: 466 employer-sponsored plans (346 401(k)), $33.4B aggregate assets, 169,894 participants. Average plan: $72M; largest is Ntess Savings and Income Plan at $7.2B. Leading sector by assets: Professional & Technical Services (74%). These figures aggregate the 466 Form 5500 filings New Mexico sponsors submitted for plan year 2024, counted by sponsor headquarters rather than participant residence; a plan administered in New Mexico can cover workers across several states, and the methodology page details that HQ-vs-residence distinction. DOL Form 5500 methodology + HQ-vs-residence caveats →

Ntess Savings and Income Plan accounts for 21.7% of all New Mexico retirement plan assets

That concentration means New Mexico-wide averages can mask substantial variation outside the dominant entity. National Technology & Engineering Solutions of Sandia, LLC sponsors the filing; drill into the plan page for schedules and audit detail. When one entity dominates a region's footprint, its programmatic and budget decisions effectively set policy for a majority of participants counted in this state total.

DOL Form 5500 plan year 2024

Professional & Technical Services leads New Mexico plan assets (74%)

Among plans headquartered here, Professional & Technical Services accounts for $24.7B across 87 filings, ahead of Healthcare & Social Assistance at $2.9B. Sector mix is a Form 5500-derived signal: it reflects where sponsors file from, not where every participant lives.

DOL Form 5500 plan year 2024

New Mexico hosts 29 ESOP filings

Employee Stock Ownership Plans here hold $799M. ESOP density is uneven across states; when the count clears a meaningful floor, the ESOP ranking and industry pages are the better drill-downs than a 401(k)-only read.

DOL Form 5500 plan year 2024

Where New Mexico sits in the Form 5500 corpus

New Mexico sits mid-pack by plan assets (#39 of 56). Peer states with similar totals are the fairest comparison set; national leaders will dominate any unfiltered ranking.

DOL Form 5500 plan year 2024

New Mexico's place in the national asset distribution

All states with reported Form 5500 plan assets · plan year 2024

$33,425,835,879 32nd percentile higher than 32% of 56 states with reported plan assets

New Mexico $0 $1,324,371,844,360 state retirement-plan assets, bucketed by value

Dashed line + filled bar = this entry, among states with reported plan assets.

Source U.S. Department of Labor, EBSA Form 5500 public disclosure dataset · plan year 2024

New Mexico's retirement-plan mix

1. 401(k)3462. Profit Sharing423. ESOP294. Other235. Defined Benefit (Pension)21
The five most common Form 5500 plan types among sponsors headquartered in New Mexico. This count describes filings, not participants or assets.

Source: U.S. Department of Labor, EBSA Form 5500 public disclosure dataset · plan year 2024.

Industry mix in New Mexico

Top sectors by Form 5500 plan assets for sponsors headquartered here (plan year 2024).

Industry Plans Assets
Professional & Technical Services 87 $24.7B
Healthcare & Social Assistance 76 $2.9B
Utilities 5 $1.3B
Construction 54 $1.3B
Finance & Insurance 28 $1.0B

Largest Plans in New Mexico

# Plan Name Type Participants Total Assets
1 Ntess Savings and Income Plan 401(k) 15,926 $7.2B
2 Ntess Retirement Income Plan Defined Benefit (Pension) 3,323 $6.2B
3 Triad Defined Benefit Pension Plan Defined Benefit (Pension) 2,018 $5.6B
4 Triad 401(k) Retirement Plan 401(k) 11,744 $2.5B
5 Presbyterian Healthcare Services 403(b) Plan Other 11,856 $968M
6 Triad 401(k) Savings Plan 401(k) 2,058 $900M
7 Txnm Energy, Inc. Retirement Savings Plan 401(k) 1,631 $827M
8 Applied Research Associates, Inc. 401(k) Profit Sharing Plan & Trust 401(k) 2,218 $648M
9 Employee Stock Ownership Plan of Applied Research Associates, Inc. ESOP 2,198 $611M
10 Presbyterian Healthcare Services 401(a) Plan Profit Sharing 11,854 $531M
11 Pnm Resources Inc. Employees' Retirement Plan Defined Benefit (Pension) 133 $380M
12 Presbyterian Healthcare Services Employees' Pension Plan II Defined Benefit (Pension) 713 $261M
13 New Mexico Electricians Retirement Benefit Fund 401(k) 1,400 $239M
14 Waste Isolation Pilot Plant Pension Plan Defined Benefit (Pension) 1,041 $233M
15 Plumbers & Pipefitters Lu 286 Money Purchase Plan Money Purchase 3,663 $197M
16 Presbyterian Health Plan 401(k) Plan 401(k) 2,044 $178M
17 Thornburg Investment Management, Incorporated 401(k) Plan 401(k) 244 $156M
18 Waste Isolation Pilot Plant Savings Plan 401(k) 1,077 $151M
19 San Juan Regional Medical Center 403(b) Plan Other 1,883 $142M
20 IBEW Local Union No. 520 Annuity Plan 401(k) 3,913 $138M
21 Lovelace Biomedical Research Institute Tda and DC Plan Other 418 $123M
22 Tricore Reference Laboratories 401(k) Plan 401(k) 1,470 $117M
23 Sunward Federal Credit Union Employees' Cash Balance Pension Plan Defined Benefit (Pension) 373 $111M
24 Wilson & Company 401(k) Plan 401(k) 676 $110M
25 Rodey Dickason Sloan Akin & Robb PA Employees' Tax-Deferred Retirement Plan and Trust 401(k) 122 $104M

Nearby States by Retirement Plan Footprint

States ranked adjacent to New Mexico by total retirement plan assets.

Compare New Mexico side-by-side with 3 peer states →

Nationwide states with similar retirement plan scale

Two DOL Form 5500-derived peer sets for New Mexico, each a different nationwide metric so the neighborhoods are not geographic containment (the asset-ranked nearby list above stays regional).

Similar plan count

Nearest other states by reported employer plan filings (466 here).

Rhode Island 434 plans Hawaii 517 plans Mississippi 521 plans Montana 404 plans

Similar total assets

Nearest other states by aggregate plan assets ($33.4B here).

Maine $33.6B Idaho $31.4B Nevada $31.1B New Hampshire $25.5B

Frequently Asked Questions

What is the largest retirement plan headquartered in New Mexico? ▼
The largest Form 5500 filing by assets with a headquarters address in New Mexico is Ntess Savings and Income Plan ($7.2B, 15,926 participants).
How concentrated are New Mexico retirement plan assets? ▼
Ntess Savings and Income Plan alone accounts for about 22% of the state's Form 5500 plan assets in plan year 2024. State averages can mask that concentration.
Which industry leads New Mexico retirement plan assets? ▼
Professional & Technical Services leads with $24.7B across 87 plans headquartered here (74% of state plan assets).
How does New Mexico compare to other states for retirement plans? ▼
New Mexico sits mid-pack by plan assets (#39 of 56). Peer states with similar totals are the fairest comparison set; national leaders will dominate any unfiltered ranking.

Next read for New Mexico

Concentration reading

Ways to act on New Mexico's numbers.

Source: U.S. Department of Labor, EBSA Form 5500 public disclosure dataset. Shows the top 25 plans by total assets headquartered in New Mexico, out of 130,145 ERISA-covered plans nationally. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - state is the plan sponsor's headquarters state as recorded on the Form 5500 filing.

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.