New Mexico › Construction › 250 to 499 participants
Form 5500 statement · plan year 1 Oct 2024 to 30 Sep 2025
NM State Conference of the Operative Plasterers' & Cement Masons' Pension Trust Fund
Sponsored by NM State Conference of the Masons' Pension Trust Fund, Albuquerque, NM
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
In the plan year ending 30 Sep 2025, NM State Conference of the Operative Plasterers' & Cement Masons' Pension Trust Fund covered 327 participants and held $13.4M in net assets. The plan is a money purchase plan sponsored by NM State Conference of the Masons' Pension Trust Fund of Albuquerque, New Mexico. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $41,095 per participant, below the $48,746 median for defined contribution plans with 250 to 499 participants and well below the $54,962 median for defined contribution plans in construction. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $572K during the year, or $6,727 per active participant against a same-size median of $2,017; participants contributed —. Benefits paid out totalled $360K.
Schedule C lists 10 service provider organisations paid $5,000 or more, with reported compensation of $181K: $554 per participant, well above the same-size median of $141. Administrative expenses charged to the plan were $206K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $6.4M in 2009 to $13.4M in 2024 (up 111%), and participants from 457 to 327 (down 28%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $41,095 | $48,746 | $54,962 | $53,102 |
| Employer contributions per active participant | $6,727 | $2,017 | $2,728 | $2,175 |
| Schedule C compensation per participant | $554 | $141 | $162 | $123 |
| Schedule C compensation, share of net assets | 1.3% | 0.30% | 0.33% | 0.26% |
| Administrative expenses per participant | $629 | $133 | $166 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 250 to 499 participants (17,456 plans), construction (4,204) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 327 | $13.4M | $41,095 | $572K | — | $181K |
| 2023 | 461 | $12.5M | $27,156 | $510K | — | $238K |
| 2022 | 504 | $12.2M | $24,113 | $438K | — | $186K |
| 2021 | 346 | $11.1M | $32,058 | $395K | — | $234K |
| 2020 | 361 | $14.7M | $40,659 | $398K | — | $0 |
| 2019 | 358 | $12.4M | $34,536 | $442K | — | $178K |
| 2018 | 371 | $11.7M | $31,496 | $378K | — | $171K |
| 2017 | 420 | $11.6M | $27,540 | $525K | — | $157K |
| 2016 | 406 | $10.7M | $26,367 | $536K | — | $168K |
| 2015 | 332 | $9.6M | $28,898 | $573K | — | $160K |
| 2014 | 399 | $8.9M | $22,361 | $560K | — | $163K |
| 2013 | 314 | $9.3M | $29,586 | $396K | — | $0 |
| 2012 | 374 | $8.5M | $22,676 | $247K | $102K | $161K |
| 2011 | 338 | $7.7M | $22,692 | $441K | — | $150K |
| 2010 | 389 | $6.4M | $16,411 | $466K | — | $188K |
| 2009 | 457 | $6.4M | $13,941 | $189K | — | $128K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$12,519,359
- Employer contributions$571,794
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$571,794
- Total income, including investment results$1,484,019
- Benefits paid$359,615
- Administrative expenses$205,775
- Total expenses$565,390
- Net income$918,629
- Net transfers$0
- Net assets, end of year$13,437,988
Participants
- Active participants85
- Retired or separated, receiving benefits—
- Retired or separated, entitled to future benefits242
- Participants with account balances85
- Total participants, end of year327
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Southwest Service Administration | Contract Administrator | $43,877 | $0 |
| The Segal Company | Actuarial | $35,612 | $0 |
| The Kelley Law Group | Investment advisory (plan) | $27,955 | $0 |
| Segal Select Insurance | Insurance brokerage commissions and fees | $13,900 | $0 |
| Legg Mason | Investment advisory (plan) | $11,474 | $0 |
| Eaton Vance | Investment advisory (plan) | $11,113 | $0 |
| WCM Investments | Investment advisory (plan) | $11,013 | $0 |
| Baldwin Moffitt Behm LLP | Accounting (including auditing) | $10,541 | $0 |
| Wellesley | Investment advisory (plan) | $8,730 | $0 |
| Lazard | Investment advisory (plan) | $7,097 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Investment advisory and management fees$65,844
- Contract administrator fees$42,223
- Actuarial fees$35,612
- Legal fees$27,955
- Other administrative expenses$23,600
- IQPA audit fees$10,541
- Total administrative expenses$205,775
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Corporate stocks$8.8M · 65.7%
- Corporate debt instruments$2.0M · 14.7%
- U.S. Government securities$1.5M · 10.9%
- Cash (interest and non-interest bearing)$1.1M · 8.1%
- Receivables$88K · 0.7%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmBaldwin Moffitt Behm LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2CMoney purchase (other than target benefit) plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 238100: Foundation, Structure, & Building Exterior Contractors (including framing carpentry, masonry, glass, roofing, & siding).
Similar plans in New Mexico
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Aui, Inc. 401(k) Profit Sharing Plan | Aui Inc. | 370 | $20.1M | $54,400 |
| Amfabsteel, Inc. 401(k) Retirement Plan | Amfabsteel Inc. | 305 | $3.9M | $12,919 |
| Riley Industrial Services, Inc. 401(k) Retirement Plan | Riley Industrial Services, Inc. | 386 | $9.9M | $25,520 |
| Employee Stock Ownership 401(k) Plan and Trust for Employees of Jaynes Corporation (KSOP) | Jaynes Companies | 292 | $64.1M | $219,438 |
| James Hamilton Construction Co. 401(k) & Profit Sharing Plan | James Hamilton Construction Co. | 388 | $13.6M | $35,117 |
| Gridworks, Inc. 401(k) Plan | Gridworks, Inc. | 274 | $8.8M | $32,032 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is NM State Conference of the Operative Plasterers' & Cement Masons' Pension Trust Fund?
327 participants at the end of the plan year ending 30 Sep 2025, of whom 85 were active employees, with net assets of $13,437,988. Among defined contribution plans that places it in the 250 to 499 participants band, which held 17,456 plans in plan year 2024.
What does NM State Conference of the Masons' Pension Trust Fund contribute per participant?
The filing reports $571,794 in employer contributions for the year, which is $6,727 per active participant; the median for plans of the same type and size was $2,017 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $181,312 in compensation to service provider organisations, $554 per participant or 1.3% of net assets. The same-size median among plans reporting any Schedule C compensation was $141 per participant. Administrative expenses on Schedule H were $205,775. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is NM State Conference of the Masons' Pension Trust Fund. Recordkeeping or administration: Southwest Service Administration. Investment advisory or management: The Kelley Law Group, Legg Mason and Eaton Vance. The financial statements were audited by Baldwin Moffitt Behm LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Oct 2024 to 30 Sep 2025, received by the Department of Labor on 11 Jul 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 85-6073938, plan 001, received 11 Jul 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.