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TXNM Energy 401(k) retirement plan: the investment options
Does your 401(k) vote the way you would? Vanguard Institutional Index Fund is the largest fund in the TXNM Energy plan that publishes its votes. Answer 3 of its ballots from this season, then see your result.
The question on the ballot
As filed
TXNM Energy 401(k) match and balances, from the filing
- Company money in
- about $10,770 per active participant
- $18m in plan year 2024
- Employees saved
- about $11,050 each
- $19m in plan year 2024
- Average balance
- $302,100
- 2,736 people with a balance
- In the plan
- $827m
- at the end of plan year 2024
Company money is the match plus any other employer contributions, averaged over all 1,708 active participants, including anyone who did not contribute. The filing reports dollars, not the match formula; the plan’s summary plan description states the formula.
SourceThe plan’s annual report to the Department of Labor — Form 5500, Schedule H, plan year 2024 · filed by TXNM ENERGY, INC. as “TXNM ENERGY, INC. RETIREMENT SAVINGS PLAN” · EIN 850468296, plan number 005 · search the filings
These are the funds in the TXNM Energy retirement plan whose voting records we can trace, taken from the plan’s own annual filing. The figures show what each one did with shareholder proposals.
SourceThe fund menu is the list of investments in TXNM Energy’s own annual retirement-plan filing · open the filing
| Fund | Climate | Workers | Pay equity | Exec pay backed |
|---|---|---|---|---|
| Vanguard Institutional Index Fund listed as “Vanguard Index Fund” | 0 of 66 | 0 of 20 | 0 of 6 | 97.8% |
| Vanguard Wellington Fund listed as “Vanguard Wellington Fund” | 1 of 29 | 2 of 8 | 0 of 2 | 88.3% |
| Vanguard Windsor II Fund listed as “Vanguard Windsor II Fund” | 0 of 30 | 0 of 10 | 0 of 3 | 96.9% |
| Prime Money Market Fund listed as “Vanguard Prime Money Market Fund” | — | — | — | — |
| Victory Integrity Small/Mid-Cap Value Fund listed as “Victory Integrity Small/Mid-Cap Value Fund; Y” | 0 of 4 | 0 of 1 | 0 of 1 | 94.7% |
| PIMCO Inflation Response Multi-Asset Fund listed as “PIMCO Inflation Response Multi-Asset Fund; Inst. Class” | 0 of 2 | — | — | 87.6% |
What this means for you
Most people are in whichever fund their plan made the default, and never look again. The figures above are the part nobody shows you when you pick: not the fee, not last year's return, but what the fund did with the shares your savings paid for.
Vote the full deck for this plan’s fund →
Other employer plans
The largest employer plans on the site, and a few more. Each page shows what the plan’s funds did with the shares its savers paid for.