Plan Ledger DOL Form 5500 · updated monthly

Storm King Art Center403(b)

STORM KING ART CENTER 403(B) RETIREMENT PLAN · NEW WINDSOR, NY · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Storm King Art Center reported $13,340 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $2,998 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 0.27%. 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 New York (4,493rd of 5,648), and 938th of 1,311 in arts, entertainment & recreation. In 2024, employees put in $1.59 for every $1.00 the employer contributed; active participation has shrunk from 79 to 68 since 2022.

Plan summary
Net assets, end of year$4,888,584
Participants with balances146
Active participants68
Employer contributions$203,850
Employee contributions$324,516
Employer contribution per active participant$2,998
Average account balance$33,483
Benefits paid to participants$1,111,918
Plan auditUnmodified (clean) audit opinion
AuditorLUTZ AND CARR CPAS, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$4.9M · 146 accts · $204K emplr
2023$4.8M · 142 accts · $217K emplr
2022$3.9M · 143 accts · $271K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,340
Total administrative$13,340
Employer contributions to the Storm King Art Center plan · 2024
Employer contribution per active participant$2,998
Median for plans this size$1,313
2024$2,998 per active participant
2023$2,433 per active participant
2022$3,430 per active participant

Storm King Art Center's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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
NEWPORT GROUP, INC. · Recordkeeping · Loan processing$13,340

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$13,340 · 0.27%
2023$13,154 · 0.30%
2022$11,717 · 0.28%
Similar plansArts, Entertainment & Recreation · New York
Oak Hill Country Club NY$5.5M · 0.56%
Country Club of Rochester NY$5.0M · 0.38%
Shed Nyc, Inc. NY$4.4M · 0.67%
Area 15 Global LLC NY$3.8M · 1.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141457573 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.