Plan Ledger DOL Form 5500 · updated monthly

National Academy of Recording Arts & Sciences, Inc.401(k)

NATIONAL ACADEMY OF RECORDING ARTS & SCIENCES, INC. 401(K) RETIREMENT PLAN · SANTA MONICA, CA · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

National Academy of Recording Arts & Sciences, Inc. reported $55,756 in plan administrative expenses for 2024: 0.09% of average plan assets, below the peer median. Employer contributions averaged $4,747 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 fell from 0.23% to 0.09%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 1,459th-largest of 9,483 plans among California employers on file, and the 335th of 3,341 in other services. In 2024, employees put in $2.08 for every $1.00 the employer contributed; active participation has grown from 262 to 341 since 2022.

Plan summary
Net assets, end of year$63,309,810
Participants with balances387
Active participants341
Employer contributions$1,618,896
Employee contributions$3,369,581
Employer contribution per active participant$4,747
Average account balance$163,591
Benefits paid to participants$6,554,305
Plan auditUnmodified (clean) audit opinion
AuditorSINGER LEWAK
Plan history3
Yearassets · accounts · employer contribution
2024$63.3M · 387 accts · $1.6M emplr
2023$57.4M · 372 accts · $1.4M emplr
2022$47.9M · 340 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,390
Investment management$5,146
Audit (IQPA)$20,467
Total administrative$55,756
The National Academy of Recording Arts & Sciences, Inc. 401(k) match · 2024
Employer contribution per active participant$4,747
Median for plans this size$3,635
2024$4,747 per active participant
2023$4,621 per active participant
2022$4,731 per active participant

National Academy of Recording Arts & Sciences, Inc.'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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$30,142
MORGAN STANLEY · Accounting / audit$20,467
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$5,146

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$55,756 · 0.09%
2023$94,701 · 0.18%
2022$118,599 · 0.23%
Same employer
Similar plansOther Services · California
Sierra Club CA$67.3M
The California Endowment CA$63.3M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 956052058 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.