The Institute of Contemporary Art, Inc.403(b)
THE INSTITUTE OF CONTEMPORARY ART 403(B) DC PLAN · BOSTON, MA · plan year 2023
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
The Institute of Contemporary Art, Inc. reported $2,154 in plan administrative expenses for 2023: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,783 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 0.00% to 0.13%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is among the smaller plans on file in Massachusetts (1,777th of 2,726), and the 628th of 1,311 in arts, entertainment & recreation. In 2023, employees put in $1.28 for every $1.00 the employer contributed.
The Institute of Contemporary Art, Inc.'s 2023 employer contribution ran below the $2,440 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 042104327 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.