Plan Ledger DOL Form 5500 · updated monthly

Norton Museum of Art, Inc401(k)

NORTON MUSEUM OF ART, INC 401K PROFIT SHARING PLAN · WEST PALM BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.11%

Norton Museum of Art, Inc reported $3,183 in plan administrative expenses for 2024: 0.11% of average plan assets, lower than ~75% of peers. 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 0.41% to 0.11%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is among the smaller plans on file in Florida (2,870th of 3,644), and 1,057th of 1,311 in arts, entertainment & recreation.

Plan summary
Net assets, end of year$3,107,332
Participants with balances86
Active participants93
Employer contributions—
Employee contributions$236,826
Employer contribution per active participant—
Average account balance$36,132
Benefits paid to participants$354,682
Plan auditUnmodified (clean) audit opinion
AuditorTEMPLETON & CO.
Plan history3
Yearassets · accounts · employer contribution
2024$3.1M · 86 accts
2023$2.9M · 101 accts
2022$2.7M · 108 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,183
Total administrative$3,183
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
EDWARD JONES · Recordkeeping · Trustee$7,409
ADP, INC. · Loan processing · Recordkeeping$3,183
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, Edward Jones
2023ADP, Edward Jones

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Administrative cost history3
2024$3,183 · 0.11%
2023$8,648 · 0.31%
2022$11,550 · 0.41%
Similar plansArts, Entertainment & Recreation · Florida
Miami City Ballet, Inc. FL$3.6M · 0.42%
Sarasota Yacht Club Inc FL$2.9M · 0.72%
Miami Beckham United, LLC FL$2.8M · 1.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 590624432 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.