Plan Ledger DOL Form 5500 · updated monthly

The Cleveland Museum of Art401(k)

THE CLEVELAND MUSEUM OF ART 401(K) RET. PLAN · CLEVELAND, OH · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

The Cleveland Museum of Art reported $57,233 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $1,808 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 fell from 0.22% to 0.20%. 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 the 933rd-largest of 3,295 plans among Ohio employers on file, and the 303rd of 1,311 in arts, entertainment & recreation. In 2024, employees put in $1.73 for every $1.00 the employer contributed; active participation has grown from 390 to 462 since 2022.

Plan summary
Net assets, end of year$31,754,438
Participants with balances490
Active participants462
Employer contributions$835,250
Employee contributions$1,447,102
Employer contribution per active participant$1,808
Average account balance$64,805
Benefits paid to participants$956,463
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$31.8M · 490 accts · $835K emplr
2023$26.7M · 456 accts · $769K emplr
2022$22.6M · 456 accts · $695K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,233
Investment management$12,000
Total administrative$57,233
The The Cleveland Museum of Art 401(k) match · 2024
Employer contribution per active participant$1,808
Median for plans this size$2,416
2024$1,808 per active participant
2023$1,776 per active participant
2022$1,782 per active participant

The Cleveland Museum of Art'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 · 20242
ASCENSUS LLC · Loan processing · Recordkeeping$45,233
GALLAGHER FIDUCIARY ADVISORS · Investment advisory (plan)$12,000

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$57,233 · 0.20%
2023$58,381 · 0.24%
2022$53,312 · 0.22%
Same employer
Similar plansArts, Entertainment & Recreation · Ohio
The Cincinnati Reds, LLC OH$52.5M · 0.11%
Cincinnati Bengals, Inc. OH$51.0M · 0.00%
Jack Ohio Finance LLC OH$46.3M · 0.44%
Cincinnati Museum Center OH$25.2M · 0.13%
Playhouse Square Foundation OH$24.6M · 0.00%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 340714336 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.