Plan Ledger DOL Form 5500 · updated monthly

The Raymond F. Kravis Center for the Performing Arts, Inc.403(b)

THE RAYMOND F. KRAVIS CENTER FOR THE PERFORMING ARTS, INC. RETIREMENT PLAN · WEST PALM BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

The Raymond F. Kravis Center for the Performing Arts, Inc. reported $12,330 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,575 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 0.06% to 0.08%. 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 1,277th-largest of 3,644 plans among Florida employers on file, and the 480th of 1,311 in arts, entertainment & recreation. In 2024, employees put in $2.67 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,649,926
Participants with balances139
Active participants222
Employer contributions$349,617
Employee contributions$934,095
Employer contribution per active participant$1,575
Average account balance$119,784
Benefits paid to participants$1,459,006
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.6M · 139 accts · $350K emplr
2023$15.2M · 135 accts · $327K emplr
2022$12.6M · 134 accts · $316K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,330
Total administrative$12,330
Employer contributions to the The Raymond F. Kravis Center for the Performing Arts, Inc. plan · 2024
Employer contribution per active participant$1,575
Median for plans this size$2,416
2024$1,575 per active participant
2023$1,421 per active participant
2022$1,512 per active participant

The Raymond F. Kravis Center for the Performing Arts, Inc.'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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$12,330

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$12,330 · 0.08%
2023$7,614 · 0.05%
2022$8,308 · 0.06%
Same employer
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Royal Poinciana Golf Club FL$19.1M · 0.17%
Ripley Entertainment, Inc. FL$15.7M · 0.48%
Bonita Bay Club, Inc. FL$15.3M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592245054 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.