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NEW MEXICO ENERGY FEDERAL CREDIT UNION EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan NameNEW MEXICO ENERGY FEDERAL CREDIT UNION EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST
Plan identification number 002

NEW MEXICO ENERGY FEDERAL CREDIT UNION EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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 ENERGY FEDERAL CREDIT UNION has sponsored the creation of one or more 401k plans.

Company Name:NEW MEXICO ENERGY FEDERAL CREDIT UNION
Employer identification number (EIN):850130522
NAIC Classification:522130
NAIC Description:Credit Unions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW MEXICO ENERGY FEDERAL CREDIT UNION EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022012-01-01MICHELLE DEARHOLT
0022011-01-01KATHY L. CRANAGE
0022009-01-01KATHY L CRANAGE KATHY L CRANAGE2010-07-27

Plan Statistics for NEW MEXICO ENERGY FEDERAL CREDIT UNION EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST

401k plan membership statisitcs for NEW MEXICO ENERGY FEDERAL CREDIT UNION EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST

Measure Date Value
2012: NEW MEXICO ENERGY FEDERAL CREDIT UNION EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2012 401k membership
Total participants, beginning-of-year2012-01-018
Total number of active participants reported on line 7a of the Form 55002012-01-017
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-011
Total of all active and inactive participants2012-01-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-018
Number of participants with account balances2012-01-017
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: NEW MEXICO ENERGY FEDERAL CREDIT UNION EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2011 401k membership
Total participants, beginning-of-year2011-01-018
Total number of active participants reported on line 7a of the Form 55002011-01-017
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-011
Total of all active and inactive participants2011-01-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-018
Number of participants with account balances2011-01-017
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-011
2009: NEW MEXICO ENERGY FEDERAL CREDIT UNION EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-016
Total number of active participants reported on line 7a of the Form 55002009-01-017
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-011
Total of all active and inactive participants2009-01-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-018
Number of participants with account balances2009-01-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on NEW MEXICO ENERGY FEDERAL CREDIT UNION EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST

Measure Date Value
2012 : NEW MEXICO ENERGY FEDERAL CREDIT UNION EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2012 401k financial data
Total income from all sources2012-12-31$129,852
Expenses. Total of all expenses incurred2012-12-31$19,885
Benefits paid (including direct rollovers)2012-12-31$8,488
Total plan assets at end of year2012-12-31$809,159
Total plan assets at beginning of year2012-12-31$699,192
Value of fidelity bond covering the plan2012-12-31$2,750,000
Total contributions received or receivable from participants2012-12-31$39,324
Expenses. Other expenses not covered elsewhere2012-12-31$20
Other income received2012-12-31$30,659
Net income (gross income less expenses)2012-12-31$109,967
Net plan assets at end of year (total assets less liabilities)2012-12-31$809,159
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$699,192
Total contributions received or receivable from employer(s)2012-12-31$59,869
Value of corrective distributions2012-12-31$640
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$10,737
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : NEW MEXICO ENERGY FEDERAL CREDIT UNION EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2011 401k financial data
Total income from all sources2011-12-31$100,818
Expenses. Total of all expenses incurred2011-12-31$9,127
Total plan assets at end of year2011-12-31$699,192
Total plan assets at beginning of year2011-12-31$607,501
Value of fidelity bond covering the plan2011-12-31$2,750,000
Total contributions received or receivable from participants2011-12-31$30,732
Other income received2011-12-31$20,236
Net income (gross income less expenses)2011-12-31$91,691
Net plan assets at end of year (total assets less liabilities)2011-12-31$699,192
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$607,501
Total contributions received or receivable from employer(s)2011-12-31$49,850
Value of corrective distributions2011-12-31$1,268
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$7,859
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : NEW MEXICO ENERGY FEDERAL CREDIT UNION EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2010 401k financial data
Total income from all sources2010-12-31$133,755
Expenses. Total of all expenses incurred2010-12-31$19,704
Benefits paid (including direct rollovers)2010-12-31$13,196
Total plan assets at end of year2010-12-31$607,501
Total plan assets at beginning of year2010-12-31$493,450
Value of fidelity bond covering the plan2010-12-31$2,750,000
Total contributions received or receivable from participants2010-12-31$33,582
Other income received2010-12-31$54,437
Net income (gross income less expenses)2010-12-31$114,051
Net plan assets at end of year (total assets less liabilities)2010-12-31$607,501
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$493,450
Total contributions received or receivable from employer(s)2010-12-31$45,736
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$6,508
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : NEW MEXICO ENERGY FEDERAL CREDIT UNION EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for NEW MEXICO ENERGY FEDERAL CREDIT UNION EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST

2012: NEW MEXICO ENERGY FEDERAL CREDIT UNION EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: NEW MEXICO ENERGY FEDERAL CREDIT UNION EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: NEW MEXICO ENERGY FEDERAL CREDIT UNION EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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