Plan Ledger DOL Form 5500 · updated monthly

The Baltimore Museum of Art, Inc.403(b)

THE BALTIMORE MUSEUM OF ART 403(B) RETIREMENT SAVINGS PLAN · BALTIMORE, MD · plan year 2024

Reported admin expense ratio · 2024
0.71%

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

The Baltimore Museum of Art, Inc. reported $63,325 in plan administrative expenses for 2024: 0.71% of average plan assets, above the peer median. Employer contributions averaged $1,133 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 0.67% to 0.71%. 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 Maryland (1,006th of 1,671), and 693rd of 1,311 in arts, entertainment & recreation. In 2024, employees put in $2.64 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,723,714
Participants with balances198
Active participants204
Employer contributions$231,134
Employee contributions$610,562
Employer contribution per active participant$1,133
Average account balance$49,110
Benefits paid to participants$159,520
Plan auditUnmodified (clean) audit opinion
AuditorCOKER AND COMPANY LLC
Plan history3
Yearassets · accounts · employer contribution
2024$9.7M · 198 accts · $231K emplr
2023$8.0M · 180 accts · $178K emplr
2022$6.6M · 175 accts · $131K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$63,325
Total administrative$63,325
Employer contributions to the The Baltimore Museum of Art, Inc. plan · 2024
Employer contribution per active participant$1,133
Median for plans this size$1,313
2024$1,133 per active participant
2023$897 per active participant
2022$594 per active participant

The Baltimore Museum of Art, Inc.'s 2024 employer contribution ran below the $1,313 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
LINCOLN NATIONAL CORPORATION · Contract administrator$62,190

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$63,325 · 0.71%
2023$51,731 · 0.71%
2022$41,321 · 0.67%
Similar plansArts, Entertainment & Recreation · Maryland
Glenstone Foundation MD$10.2M · 0.42%
Baltimore Country Club MD$9.4M · 0.29%
Crj, Inc. MD$9.2M · 0.46%
US Lacrosse, Inc. MD$6.4M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 526000162 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.