Plan Ledger DOL Form 5500 · updated monthly

Nc Museum of Life and Science403(b)

NORTH CAROLINA MUSEUM OF LIFE AND SCIENCE 403(B) DC (DEFINED CONTRIBUTION) PLAN · DURHAM, NC · plan year 2024

Reported admin expense ratio · 2024
0.00%

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

Nc Museum of Life and Science reported $175 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,015 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 0.001% to 0.002%. 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 North Carolina (1,028th of 2,005), and the 633rd of 1,311 in arts, entertainment & recreation. In 2024, employees put in $1.07 for every $1.00 the employer contributed; active participation has grown from 93 to 145 since 2022.

Plan summary
Net assets, end of year$11,404,593
Participants with balances325
Active participants145
Employer contributions$292,172
Employee contributions$312,923
Employer contribution per active participant$2,015
Average account balance$35,091
Benefits paid to participants$174,374
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.4M · 325 accts · $292K emplr
2023$9.7M · 306 accts · $252K emplr
2022$8.3M · 282 accts · $166K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$175
Total administrative$175
Employer contributions to the Nc Museum of Life and Science plan · 2024
Employer contribution per active participant$2,015
Median for plans this size$2,416
2024$2,015 per active participant
2023$1,996 per active participant
2022$1,787 per active participant

Nc Museum of Life and Science's 2024 employer contribution ran below the $2,416 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 · 20241
TIAA · Recordkeeping$475

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$175 · 0.00%
2023$75 · 0.00%
2022$100 · 0.00%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 560938434 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.