Retirement plan

THE CURTIS INSTITUTE OF MUSIC PENSION PLAN FOR FACULTY MEMBERS

Name: THE CURTIS INSTITUTE OF MUSIC - THE CURTIS INSTITUTE OF MUSIC PENSION PLAN FOR FACULTY MEMBERS (2024) Form 5500
Creator: THE CURTIS INSTITUTE OF MUSIC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE CURTIS INSTITUTE OF MUSIC PENSION PLAN FOR FACULTY MEMBERS, THE CURTIS INSTITUTE OF MUSIC

THE CURTIS INSTITUTE OF MUSICEIN 23-1585611Plan #002PY 2024

1726 LOCUST STREET - PHILADELPHIA, PA 19103215-893-5266curtis.eduLinkedIn51-200 employeesmusic

Other plans on this EIN

1 filing

#003Retirement-$13.5M assets

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed May 10, 2018 (most recent of 2 filings on file)

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Total assets (EOY)

$13.7M

+16.1% from 2023

Total participants

130

+14.0% from 2023

Average account balance

$105,251

+1.8% from 2023

Annual return

13.42%

-2.57 pp from 2023

Benchmarks

See 4,485 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort4,485 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.68M

Not enough data

1 years with asset history on file

Average account balance

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

$105K

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.

130

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.

149.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$518K

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

+13.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1592

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 codes2C2F2G2T3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$207K

$2379 / participant

Other / not subdivided$207K100.0%

% of EOY assets

1.512%

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

$105,251

$48,284+118.0%

$67,524+55.9%

$80,911+30.1%

Participation rate

100.0%

66.4%+33.6pp

72.9%+27.1pp

67.6%+32.4pp

Annual return

13.42%

18.27%-4.8pp

3519.41%-3506.0pp

35.63%-22.2pp

Employer contribution / active EE

$5,952

$2,021+194.4%

$2,734+117.7%

$2,756+116.0%

Participant deferral / active EE

$2,927-100.0%

$4,001-100.0%

$4,297-100.0%

Admin fee / account holder

$1,592

$3,688-56.8%

$4,001-60.2%

$6,935-77.0%

THE CURTIS INSTITUTE OF MUSIC PENSION PLAN FOR FACULTY MEMBERS

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE CURTIS INSTITUTE OF MUSIC PENSION PLAN FOR FACULTY MEMBERS

Top hat statement on fileNQDC

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