Plan Ledger DOL Form 5500 · updated monthly

Buffalo Akg Art Museum403(b)

BUFFALO AKG ART MUSEUM 403(B) SAVINGS PLAN · BUFFALO, NY · plan year 2024

Reported admin expense ratio · 2024
0.05%

Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works

Buffalo Akg Art Museum reported $3,424 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,709 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is among the smaller plans on file in New York (3,978th of 5,648), and 785th of 1,311 in arts, entertainment & recreation. In 2024, employees put in $1.04 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,636,486
Participants with balances176
Active participants153
Employer contributions$414,462
Employee contributions$429,699
Employer contribution per active participant$2,709
Average account balance$43,389
Benefits paid to participants$259,267
Plan auditUnmodified (clean) audit opinion
AuditorEFPR GROUP
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,424
Total administrative$3,424
Employer contributions to the Buffalo Akg Art Museum plan · 2024
Employer contribution per active participant$2,709
Median for plans this size$1,313

Buffalo Akg Art Museum's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2024$3,424 · 0.05%
Similar plansArts, Entertainment & Recreation · New York
Adirondack Scenic, Inc. NY$8.9M · 0.48%
Jackpocket LLC NY$7.8M · 0.02%
City Parks Foundation NY$7.6M · 0.38%
The New 42ND Street, Inc. NY$7.1M · 0.65%
Atlantis Marine World LLC NY$6.4M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 166001555 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.