Plan Ledger DOL Form 5500 · updated monthly

The Metropolitan Museum of Art403(b)

THE METROPOLITAN MUSEUM OF ART 403(B) RETIREMENT PLAN FOR NON-UNION EMPLOYEES · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

The Metropolitan Museum of Art reported $126,865 in plan administrative expenses for 2024: 0.04% of average plan assets, below the peer median. Employer contributions averaged $8,140 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 0.06% to 0.04%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is the 335th-largest of 5,648 plans among New York employers on file, and the 38th of 1,311 in arts, entertainment & recreation. In 2024, the employer put in $2.66 for every $1.00 employees contributed themselves; active participation has grown from 1,162 to 1,283 since 2022.

Plan summary
Net assets, end of year$307,990,375
Participants with balances2,810
Active participants1,283
Employer contributions$10,443,328
Employee contributions$3,927,073
Employer contribution per active participant$8,140
Average account balance$109,605
Benefits paid to participants$14,634,151
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$308.0M · 2,810 accts · $10.4M emplr
2023$274.2M · 2,795 accts · $9.6M emplr
2022$233.8M · 2,724 accts · $8.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$126,865
Total administrative$126,865
Employer contributions to the The Metropolitan Museum of Art plan · 2024
Employer contribution per active participant$8,140
Median for plans this size$4,294
2024$8,140 per active participant
2023$7,816 per active participant
2022$7,115 per active participant

The Metropolitan Museum of Art's 2024 employer contribution ran above the $4,294 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
FID INST INV OPS CO · Loan processing$126,729

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$126,865 · 0.04%
2023$129,937 · 0.05%
2022$141,608 · 0.06%
All plans at this employer5
THE METROPOLITAN MUSEUM OF ART 403(B) RETIREMENT PLAN FOR NON-UNION EMPLOYEES403(b)
THE METROPOLITAN MUSEUM OF ART 403(B) VOLUNTARY CONTRIBUTION PLAN403(b)
THE METROPOLITAN MUSEUM OF ART 403(B) PLAN FOR LOCAL 1503 OF DISTRICT COUNCIL 37, AFSCME, AFL-CIO AND LOCAL 306-I.A.T.S.E.403(b)
THE METROPOLITAN MUSEUM OF ART 403(B) MATCHING PLAN FOR NON-UNION EMPLOYEES403(b)
THE METROPOLITAN MUSEUM OF ART 401(A) SPECIAL RETIREMENT PLAN FOR SELECT NON-UNION EMPLOYEES403(b)
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 131624086 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.