Retirement plan

BRONX CHILDREN'S MUSEUM 403 (B)

Name: BRONX CHILDREN'S MUSEUM - BRONX CHILDREN'S MUSEUM 403 (B) (2024) Form 5500
Creator: BRONX CHILDREN'S MUSEUM
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BRONX CHILDREN'S MUSEUM 403 (B), BRONX CHILDREN'S MUSEUM

BRONX CHILDREN'S MUSEUMEIN 26-0579140Plan #001PY 2024

725 EXTERIOR ST, FLOOR 2 - BRONX, NY 10451718-775-3450bronxchildrensmuseum.orgLinkedIn11-50 employeesmuseums and institutions

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$378K

+0.8% from 2023

Total participants

-3.4% from 2023

Average account balance

$15,745

-11.8% from 2023

Annual return

7.47%

-5.82 pp from 2023

Benchmarks

See 10,226 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants<25

Cohort10,226 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$378K

Not enough data

1 years with asset history on file

Average account balance

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

$16K

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.

109.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$45K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+7.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3234

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 codes2G2L2M2S2T3D

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$78K

$3528 / participant

Other / not subdivided$78K100.0%

% of EOY assets

20.539%

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

$15,745

$169,336-90.7%

$129,384-87.8%

$145,884-89.2%

Participation rate

81.8%

76.5%+5.3pp

69.6%+12.2pp

80.3%+1.5pp

Annual return

7.47%

14408.70%-14401.2pp

9461.77%-9454.3pp

551.85%-544.4pp

Employer contribution / active EE

$655

$5,540-88.2%

$4,153-84.2%

$4,662-86.0%

Participant deferral / active EE

$1,383

$4,985-72.3%

$4,166-66.8%

$6,690-79.3%

Admin fee / account holder

$3,234

$9,912-67.4%

$7,686-57.9%

$13,392-75.9%

BRONX CHILDREN'S MUSEUM 403 (B)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BRONX CHILDREN'S MUSEUM 403 (B)

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