Plan Ledger DOL Form 5500 · updated monthly

Museum of Fine Arts403(b)

MUSEUM OF FINE ARTS DEFINED CONTRIBUTION RETIREMENT PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Museum of Fine Arts reported $73,443 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,975 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 2 years on file its reported administrative ratio rose from 0.03% to 0.04%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is the 249th-largest of 2,726 plans among Massachusetts employers on file, and the 50th of 1,311 in arts, entertainment & recreation. In 2024, employees put in $1.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$208,012,313
Participants with balances1,295
Active participants404
Employer contributions$2,413,973
Employee contributions$2,420,467
Employer contribution per active participant$5,975
Average account balance$160,627
Benefits paid to participants$9,786,206
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$208.0M · 1,295 accts · $2.4M emplr
2023$186.5M · 1,263 accts · $2.1M emplr
2022$169.0M · 1,276 accts · $2.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,943
Audit (IQPA)$31,500
Total administrative$73,443
Employer contributions to the Museum of Fine Arts plan · 2024
Employer contribution per active participant$5,975
Median for plans this size$3,635
2024$5,975 per active participant
2023$5,533 per active participant
2022$5,094 per active participant

Museum of Fine Arts's 2024 employer contribution ran above the $3,635 median for plans its size. 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 · 20242
FIDUCIENT ADVISORS, LLC · Investment advisory (plan)$41,500
AAFCPAS, INC. · Accounting / audit$31,500

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

Administrative cost history3
2024$73,443 · 0.04%
2023$60,132 · 0.03%
2022$60,421 · 0.03%
Same employer
Similar plansArts, Entertainment & Recreation · Massachusetts
Tulalip Tribes of Washington WA$231.4M · 0.15%
Cinemark USA, Inc. TX$215.1M · 0.14%
The Art Institute of Chicago IL$211.0M · 0.14%
Churchill Downs Incorporated KY$209.8M · 0.12%
Dk Crown Holdings, Inc. MA$189.0M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042103607 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.