Plan Ledger DOL Form 5500 · updated monthly

Fenimore Art Museum403(b)

FENIMORE ART MUSEUM AND THE FARMERS MUSEUM RETIREMENT PLAN · COOPERSTOWN, NY · plan year 2024

Reported admin expense ratio · 2024
0.00%

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

Fenimore Art Museum reported $225 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,227 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.

Across the 5 years on file its reported administrative ratio fell from 0.01% to 0.00%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is among the smaller plans on file in New York (3,023rd of 5,648), and the 531st of 1,311 in arts, entertainment & recreation. In 2024, the employer put in $1.99 for every $1.00 employees contributed themselves; active participation has shrunk from 158 to 76 since 2018.

Plan summary
Net assets, end of year$14,454,492
Participants with balances211
Active participants76
Employer contributions$321,245
Employee contributions$161,324
Employer contribution per active participant$4,227
Average account balance$68,505
Benefits paid to participants$976,412
Plan auditUnmodified (clean) audit opinion
Plan history7
Yearassets · accounts · employer contribution
2024$14.5M · 211 accts · $321K emplr
2023$13.5M · 228 accts · $288K emplr
2022$12.0M · 223 accts · $256K emplr
2021$13.8M · 225 accts · $247K emplr
2020$12.8M · 234 accts · $284K emplr
2019$11.7M · 229 accts · $235K emplr
2018$10.5M · 226 accts · $253K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$225
Total administrative$225
Employer contributions to the Fenimore Art Museum plan · 2024
Employer contribution per active participant$4,227
Median for plans this size$2,416
2024$4,227 per active participant
2023$2,045 per active participant
2022$1,939 per active participant
2021$1,903 per active participant
2020$2,085 per active participant

Fenimore Art Museum's 2024 employer contribution ran above the $2,416 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.

Service providers · 20241
TIAA · Recordkeeping · Pension consulting$225

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024TIAA
2023TIAA

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history7
2024$225 · 0.00%
2023$75 · 0.00%
2022$1,835 · 0.01%
2021$2,764 · 0.02%
2020$1,789 · 0.01%
2019$983 · 0.01%
2018Not separately reported
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Source: U.S. Department of Labor, Form 5500 series, EIN 150539110 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.