Retirement plan

THE MUSEUM OF ARTS AND DESIGN 403(B) PLAN

Name: MUSEUM OF ARTS AND DESIGN - THE MUSEUM OF ARTS AND DESIGN 403(B) PLAN (2022) Form 5500
Creator: MUSEUM OF ARTS AND DESIGN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE MUSEUM OF ARTS AND DESIGN 403(B) PLAN, MUSEUM OF ARTS AND DESIGN

MUSEUM OF ARTS AND DESIGNEIN 13-3585408Plan #001PY 2022

2 COLUMBUS CIRCLE - NEW YORK, NY 100191800212-299-7713madmuseum.orgLinkedIn51-200 employeesmuseums and institutions

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$3.9M

-15.1% from 2021

Total participants

+4.7% from 2021

Average account balance

$48,107

-25.5% from 2021

Annual return

-17.74%

-33.96 pp from 2021

Benchmarks

See 2,895 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants25-99

Cohort2,895 peers

Snapshot2022

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$5.24M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$63K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

162.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$318K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.57%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$15038

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2M2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$296K

$5593 / participant

Other / not subdivided$296K100.0%

% of EOY assets

7.515%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,107

$46,689+3.0%

$117,498-59.1%

$68,495-29.8%

Participation rate

86.8%

56.8%+30.0pp

70.6%+16.2pp

67.9%+18.9pp

Annual return

-17.74%

-14.52%-3.2pp

29.75%-47.5pp

-7.84%-9.9pp

Employer contribution / active EE

$1,426

$1,505-5.2%

$4,178-65.9%

$2,596-45.1%

Participant deferral / active EE

$6,372

$2,637+141.6%

$4,071+56.5%

$4,028+58.2%

Admin fee / account holder

$3,615

$4,021-10.1%

$5,646-36.0%

$5,403-33.1%

THE MUSEUM OF ARTS AND DESIGN 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE MUSEUM OF ARTS AND DESIGN 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion