Retirement plan

SHAKER MUSEUM AND LIBRARY 401(K) PLAN

Name: SHAKER MUSEUM AND LIBRARY - SHAKER MUSEUM AND LIBRARY 401(K) PLAN (2024) Form 5500
Creator: SHAKER MUSEUM AND LIBRARY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHAKER MUSEUM AND LIBRARY 401(K) PLAN, SHAKER MUSEUM AND LIBRARY

SHAKER MUSEUM AND LIBRARYEIN 14-1364601Plan #001PY 2024

88 SHAKER MUSEUM RD - OLD CHATHAM, NY 12136518-794-9100shakermuseumandlibrary.orgLinkedIn11-50 employeesmuseums and institutions

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$337K

+39.9% from 2023

Total participants

+50.0% from 2023

Average account balance

$30,614

+1.8% from 2023

Annual return

15.78%

+3.06 pp from 2023

Benchmarks

See 10,220 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants<25

Cohort10,220 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$337K

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

110.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$61K

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

+15.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$277

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 codes2E2J2F2G3D

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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$3K

$305 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.906%

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

$30,614

$169,356-81.9%

$129,406-76.3%

$145,897-79.0%

Participation rate

60.0%

76.5%-16.5pp

69.6%-9.6pp

80.3%-20.3pp

Annual return

15.78%

14418.62%-14402.8pp

9468.18%-9452.4pp

552.29%-536.5pp

Employer contribution / active EE

$2,107

$5,542-62.0%

$4,155-49.3%

$4,663-54.8%

Participant deferral / active EE

$3,979

$4,987-20.2%

$4,167-4.5%

$6,689-40.5%

Admin fee / account holder

$277

$9,915-97.2%

$7,689-96.4%

$13,390-97.9%

SHAKER MUSEUM AND LIBRARY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHAKER MUSEUM AND LIBRARY 401(K) 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