New Mexico › Professional, scientific and technical services › 250 to 499 participants
Form 5500 statement · plan year 1 Nov 2024 to 31 Oct 2025
Azurite Professional Community 401(k) Employee Stock Ownership Plan (KSOP)
Sponsored by Azurite Professional Community, Inc., 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.
Azurite Professional Community, Inc. of Albuquerque, New Mexico sponsors Azurite Professional Community 401(k) Employee Stock Ownership Plan (KSOP), an ESOP with a 401(k) feature. Its Form 5500 for the plan year ending 31 Oct 2025 shows 441 participants (258 active) and $60.2M in net assets.
Net assets came to $136,488 per participant, well above the $48,746 median for defined contribution plans with 250 to 499 participants and well above the $73,951 median for defined contribution plans in professional, scientific and technical services. 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 $1.9M during the year, or $7,398 per active participant against a same-size median of $2,017; participants contributed $923K and $593K arrived as rollovers and other contributions. Benefits paid out totalled $3.7M.
Schedule C lists 5 service provider organisations paid $5,000 or more, with reported compensation of $95K: $215 per participant, well above the same-size median of $141. Administrative expenses charged to the plan were $58K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
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 | $136,488 | $48,746 | $73,951 | $53,102 |
| Employer contributions per active participant | $7,398 | $2,017 | $3,219 | $2,175 |
| Schedule C compensation per participant | $215 | $141 | $148 | $123 |
| Schedule C compensation, share of net assets | 0.16% | 0.30% | 0.22% | 0.26% |
| Administrative expenses per participant | $131 | $133 | $140 | $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), professional, scientific and technical services (9,776) 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 | 441 | $60.2M | $136,488 | $1.9M | $923K | $95K |
| 2023 | 341 | $23.1M | $67,842 | $414K | — | $0 |
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$23,134,456
- Employer contributions$1,908,740
- Participant contributions$922,649
- Rollovers and other contributions$592,887
- Total contributions$3,424,276
- Total income, including investment results$15,453,859
- Benefits paid$3,655,741
- Administrative expenses$57,856
- Total expenses$3,713,597
- Net income$11,740,262
- Net transfers$25,316,486
- Net assets, end of year$60,191,204
Participants
- Active participants258
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits183
- Participants with account balances430
- Total participants, end of year441
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Principal Life Insurance Company | Contract Administrator; Participant loan processing | $93,893 | $0 |
| Cetera Advisor Networks Insurance S | Other services | $0 | $530 |
| Pattison Pension Specialists | Other services | $0 | $255 |
| Morningstar Investment Management L | Investment advisory (participants) | $0 | $0 |
| Wilshire Advisors LLC | Investment advisory (plan) | $0 | $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
- Contract administrator fees$57,856
- Total administrative expenses$57,856
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.
- Pooled separate accounts$28.2M · 46.9%
- Employer securities$28.0M · 46.6%
- Cash (interest and non-interest bearing)$2.2M · 3.6%
- Receivables$863K · 1.4%
- Common/collective trusts$524K · 0.9%
- Participant loans$376K · 0.6%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmRedw Advisors & CPAS
- 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
2AAge/service weighted or new comparability or similar plan2EProfit-sharing plan2FERISA section 404(c) plan2HPartial participant-directed account plan2IStock bonus2JCode section 401(k) feature2KCode section 401(m) arrangement2OESOP other than a leveraged ESOP2S401(k) plan or 403(b) plan that provides for automatic enrollment3DPre-approved pension plan3HPlan sponsor(s) is (are) a member(s) of a controlled group3IPlan requiring that all or part of employer contributions be invested and held in employer securities
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 541330: Engineering Services.
Similar plans in New Mexico
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Techsource, Inc. 401(k) Profit Sharing Plan | Techsource, Inc. | 442 | $20.6M | $46,570 |
| Los Alamos Technical Associates, Inc. 401(k) and Profit Sharing Plan | Los Alamos Technical Associates, Inc. | 419 | $23.0M | $54,869 |
| Speridian Technologies, LLC 401(k) Plan | Speridian Technologies, LLC | 509 | $24.4M | $47,986 |
| Redw LLC Restated 401(k) Profit Sharing Plan and Trust | Redw LLC | 394 | $35.6M | $90,460 |
| N3B 401(k) Retirement Plan | Newport News Nuclear BWXT - Los Alamos LLC | 588 | $55.6M | $94,485 |
| Strategic Management Solutions, LLC 401(k) Profit Sharing Plan | Strategic Management Solutions, LLC | 344 | $34.9M | $101,568 |
Defined contribution plans in professional, scientific and technical services closest in size.
Questions and answers
How big is Azurite Professional Community 401(k) Employee Stock Ownership Plan (KSOP)?
441 participants at the end of the plan year ending 31 Oct 2025, of whom 258 were active employees, with net assets of $60,191,204. 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 Azurite Professional Community, Inc. contribute per participant?
The filing reports $1,908,740 in employer contributions for the year, which is $7,398 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 $94,678 in compensation to service provider organisations, $215 per participant or 0.16% of net assets. The same-size median among plans reporting any Schedule C compensation was $141 per participant. Administrative expenses on Schedule H were $57,856. 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 Azurite Professional Community, Inc.. Recordkeeping or administration: Principal Life Insurance Company. Investment advisory or management: Morningstar Investment Management L and Wilshire Advisors LLC. The financial statements were audited by Redw Advisors & CPAS. 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 Nov 2024 to 31 Oct 2025, received by the Department of Labor on 14 Aug 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 93-4207776, plan 003, received 14 Aug 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.