Masterworks, Incorporated401(k)
MASTERWORKS, INCORPORATED 401(K) PROFIT SHARING PLAN AND TRUST · POULSBO, WA · plan year 2023
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
Masterworks, Incorporated reported $44,018 in plan administrative expenses for 2023: 0.25% of average plan assets, below the peer median. Employer contributions averaged $4,981 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 1 year on file its reported administrative ratio fell from 0.33% to 0.25%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 745th-largest of 1,714 plans among Washington employers on file, and 5,884th of 11,654 in professional & technical services. In 2023, employees put in $1.44 for every $1.00 the employer contributed.
Masterworks, Incorporated's 2023 employer contribution ran above the $2,440 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 911439009 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.