Pueblo of Pojoaque 401(k) Review & Grade
Pueblo of Pojoaque 401(k) Plan
Santa Fe, NMPublic Administration695 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,025Employer $ per active participant
$1,490Employee $ saved per active participant
0.48%Direct admin cost, % of plan assets
$16.4MNet plan assets, end of year
$46,121Average balance per account
Score breakdown
- Employer generosity17.0 / 5034th percentile for employer $ per participant
- Low cost6.2 / 2525th percentile for low admin cost vs. same-size plans
- Employee saving2.8 / 1518th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score16 / 100 · Grade F
This plan vs. peers
Peers: all industries, plans with 500–2,499 active participants (fewer than 30 industry peers) (10,919 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 34th |
| Lower admin cost | 25th |
| Employee saving | 18th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $20,972 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Pueblo of Pojoaque put in about $1,025 per active participant, below the typical peer ($1,749). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.48% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $712,096 |
| Participant (employee) contributions | $1,035,553 |
| Other contributions (incl. rollovers in) | $115,072 |
| Administrative expenses paid from the plan | $73,085 |
| Investment advisory & management fees | $29,079 |
| Benefits paid out | $1,377,214 |
| Net assets, start / end of year | $14.2M / $16.4M |
| Active participants, start / end of year | 689 / 701 |
| Participants with account balances | 355 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Loftis and Lovato Group LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $44,006 reported compensation |
| First Light Retirement LLC | $28,207 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014133532NAL0002907025001, received 2025-10-14, EIN 85-0219423, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.