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Original filing (PDF)20250925185032NAL0010899587001
TXNM ENERGY, INC.
Form 5500
FILING_RECEIVED
PNM RESOURCES INC. EMPLOYEES' RETIREMENT PLAN
Defined-benefit pension plan
Signals · 2
No recordkeeper disclosed9 service providers
Active participants
119
Accounts w/ balance
—
Plan assets (EOY)
$379.8M
Net assets (EOY)
$379.8M
How this plan invests
This plan
1 collective trust
Schedule D
Individual securities
on each trust's filing
This plan doesn't hold securities directly — it invests through trusts. Click a trust below to drill into its securities.
Plan health score (directional)
82
/ 100
Grade B
Above-average plan
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
75
Total plan cost
65
Vendor stack
55
Participation health
100
Knocking points off
- 44 bps in Schedule C fees — 342% above peer band of 10 bps.
- No recordkeeper disclosed on Schedule C.
- Plan is frozen (1I) — no new benefit accrual.
Helping the score
- Concentration not scored — Schedule of Assets PDF not yet parsed for this plan.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for TXNM ENERGY, INC..
Plan sponsor
Name
TXNM ENERGY, INC.
EIN
85-0468296
Address
414 SILVER AVENUE SW · ALBUQUERQUE, NM · 871022340
Phone
(505) 241-2700
Industry
Utilitiessee all
Plan administrator
Name
TXNM ENERGY BENEFITS GOVERNANCE COMMITTEE
EIN
85-0352963
City
ALBUQUERQUE, NM
Phone
(505) 241-2700
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-09-25
Pension benefit codes
1A · Pay-related DB formula
1E · Section 401(h) arrangement
1I · Frozen plan — no new benefit accrual
3H · Sponsor in controlled / affiliated group
Audit & trust (Schedule H)
Auditor
BAKER TILLY US
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
9 rowsOther
9| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| THE NORTHERN TRUST COMPANY | 36-1561860 | — | N/A | $1.3M | — |
| MILLIMAN | — | SEATTLE, WA | N/A | $114K | — |
| BANK OF NEW YORK MELLON | 13-5160382 | — | N/A | $94K | — |
| RV KUHNS & ASSOCIATES | 93-0910652 | — | N/A | $85K | — |
| MORGAN STANLEY & CO INC | — | NEW YORK CITY, NY | N/A | $42K | — |
| WILLIS TOWERS WATSON | 53-0181291 | — | N/A | $31K | — |
| SNELL AND WILMER, LLP | 86-0089731 | — | N/A | $25K | — |
| CALLAN LLC | 94-2192581 | — | N/A | $16K | — |
| BLACKROCK INSTITUTIONAL TRUST | 94-3112180 | — | N/A | $11K | — |
Investments
1 pooled fund· $379.8M(100% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.
| Investment | Type | Current value | % of plan |
|---|---|---|---|
| PNM RESOURCES, INC. MASTER TRUST TXNM ENERGY, INC. · EIN 23-6679470 / PN 001 | Master Trust | $379.8M | 100.0% |