Plan Ledger DOL Form 5500 · updated monthly

Peabody Essex MuseumProfit-sharing plan

PEABODY ESSEX MUSEUM 401(A) PLAN · SALEM, MA · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Peabody Essex Museum reported $33,785 in plan administrative expenses for 2024: 0.29% of average plan assets, above the peer median. Employer contributions averaged $3,854 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 3 years on file its reported administrative ratio has held roughly steady near 0.29%. 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 Massachusetts (1,737th of 2,726), and the 607th of 1,311 in arts, entertainment & recreation. active participation has grown from 154 to 195 since 2022.

Plan summary
Net assets, end of year$12,004,068
Participants with balances259
Active participants195
Employer contributions$751,490
Employee contributions$0
Employer contribution per active participant$3,854
Average account balance$46,348
Benefits paid to participants$1,126,933
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.0M · 259 accts · $751K emplr
2023$11.0M · 235 accts · $697K emplr
2022$9.1M · 214 accts · $716K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,785
Total administrative$33,785
Employer contributions to the Peabody Essex Museum plan · 2024
Employer contribution per active participant$3,854
Median for plans this size$2,416
2024$3,854 per active participant
2023$4,171 per active participant
2022$4,646 per active participant

Peabody Essex Museum's 2024 employer contribution ran above 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

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$33,785 · 0.29%
2023$27,895 · 0.28%
2022$30,336 · 0.30%
Same employer
Similar plansArts, Entertainment & Recreation · Massachusetts
Hyannis Harbor Tours, Inc. MA$13.8M · 0.03%
Worcester Art Museum MA$13.2M · 0.19%
Southworth Development LLC MA$12.3M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043157815 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.