Plan Ledger DOL Form 5500 · updated monthly

Mystic Seaport Museum, Inc.403(b)

MYSTIC SEAPORT MUSEUM DC RETIREMENT PLAN · MYSTIC, CT · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Mystic Seaport Museum, Inc. reported $11,070 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,169 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 0.02% to 0.04%. 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 the 468th-largest of 1,106 plans among Connecticut employers on file, and the 346th of 1,311 in arts, entertainment & recreation. In 2024, employees put in $2.10 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$26,761,234
Participants with balances508
Active participants222
Employer contributions$259,498
Employee contributions$545,641
Employer contribution per active participant$1,169
Average account balance$52,680
Benefits paid to participants$3,701,810
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$26.8M · 508 accts · $259K emplr
2023$26.6M · 504 accts · $228K emplr
2022$24.7M · 490 accts · $189K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,070
Total administrative$11,070
Employer contributions to the Mystic Seaport Museum, Inc. plan · 2024
Employer contribution per active participant$1,169
Median for plans this size$2,416
2024$1,169 per active participant
2023$974 per active participant
2022$921 per active participant

Mystic Seaport Museum, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 - TEACHERS INS & ANNUITY · Contract administrator · Recordkeeping$11,070

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 history3
2024$11,070 · 0.04%
2023$8,339 · 0.03%
2022$5,863 · 0.02%
Same employer
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Mashantucket Pequot Tribe CT$424.9M · 0.01%
Diamond Sports Group, LLC CT$51.8M · 0.15%
Ticketnetwork, Inc. CT$30.2M · 0.21%
American Cruise Lines, Inc. CT$21.0M · 0.59%
Sportech, Inc. CT$8.6M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060653120 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.