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NEW MEXICO OIL & GAS ASSOCIATION EMPLOYEE SAVINGS PLAN 401k Plan overview

Plan NameNEW MEXICO OIL & GAS ASSOCIATION EMPLOYEE SAVINGS PLAN
Plan identification number 001

NEW MEXICO OIL & GAS ASSOCIATION EMPLOYEE SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan covering Self-Employed individuals.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

NEW MEXICO OIL & GAS ASSOCIATION has sponsored the creation of one or more 401k plans.

Company Name:NEW MEXICO OIL & GAS ASSOCIATION
Employer identification number (EIN):850056996
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW MEXICO OIL & GAS ASSOCIATION EMPLOYEE SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01KATHY YTUARTE2024-06-20
0012022-01-01KATHY YTUARTE2023-06-12
0012021-01-01S LELAND GOULD2022-07-13
0012020-01-01S LELAND GOULD2021-07-15
0012018-01-01RYAN FLYNN2019-07-02
0012017-01-01RYAN FLYNN2018-07-16
0012016-01-01RYAN FLYNN2017-07-19
0012015-01-01STEVE P HENKE2016-07-01

Financial Data on NEW MEXICO OIL & GAS ASSOCIATION EMPLOYEE SAVINGS PLAN

Measure Date Value
2025 : NEW MEXICO OIL & GAS ASSOCIATION EMPLOYEE SAVINGS PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-07-280
Total liabilities as of the end of the plan year2025-07-280
Total liabilities as of the beginning of the plan year2025-07-280
Total expenses incurred by plan in this plan year2025-07-28106843
Net assets as of the end of the plan year2025-07-28202122
Total assets as of the beginning of the plan year2025-07-28209495
Value of plan covered by a fidelity bond2025-07-28100000
Participant contributions to plan in this plan year2025-07-2843507
Other expenses paid from plan in this plan year2025-07-280
Other contributions to plan in this plan year2025-07-280
Other income to plan in this plan year2025-07-2829939
Plan net income in this plan year2025-07-28-7373
Net assets as of the end of the plan year2025-07-28202122
Net assets as of the beginning of the plan year2025-07-28209495
Employer contributions to plan in this plan year2025-07-2826024
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-28350
2024 : NEW MEXICO OIL & GAS ASSOCIATION EMPLOYEE SAVINGS PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-06-200
Total liabilities as of the end of the plan year2024-06-200
Total liabilities as of the beginning of the plan year2024-06-200
Total expenses incurred by plan in this plan year2024-06-20235069
Net assets as of the end of the plan year2024-06-20209495
Total assets as of the beginning of the plan year2024-06-20352854
Value of plan covered by a fidelity bond2024-06-20100000
Participant contributions to plan in this plan year2024-06-2019727
Other expenses paid from plan in this plan year2024-06-200
Other contributions to plan in this plan year2024-06-200
Other income to plan in this plan year2024-06-2052431
Plan net income in this plan year2024-06-20-143359
Net assets as of the end of the plan year2024-06-20209495
Net assets as of the beginning of the plan year2024-06-20352854
Employer contributions to plan in this plan year2024-06-2019552
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-2050

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