Plan Ledger DOL Form 5500 · updated monthly

Trustees and Treasurer of Pierpont Morgan Library403(b)

THE MORGAN LIBRARY AND MUSEUM 403(B) DC PLAN · 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

Trustees and Treasurer of Pierpont Morgan Library reported $24,737 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,711 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 3 years on file its reported administrative ratio has held roughly steady near 0.04%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is the 1,216th-largest of 5,648 plans among New York employers on file, and the 171st of 1,311 in arts, entertainment & recreation. In 2024, employees put in $1.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$59,018,713
Participants with balances296
Active participants120
Employer contributions$685,298
Employee contributions$823,958
Employer contribution per active participant$5,711
Average account balance$199,388
Benefits paid to participants$2,250,030
Plan auditUnmodified (clean) audit opinion
AuditorLUTZ AND CARR CPAS, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$59.0M · 296 accts · $685K emplr
2023$53.3M · 283 accts · $646K emplr
2022$46.5M · 285 accts · $681K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,737
Total administrative$24,737
Employer contributions to the Trustees and Treasurer of Pierpont Morgan Library plan · 2024
Employer contribution per active participant$5,711
Median for plans this size$3,635
2024$5,711 per active participant
2023$6,521 per active participant
2022$6,029 per active participant

Trustees and Treasurer of Pierpont Morgan Library's 2024 employer contribution ran above the $3,635 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
LUTZ AND CARR CPA LLP · Accounting / audit$24,612

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$24,737 · 0.04%
2023$13,472 · 0.03%
2022$23,043 · 0.05%
Similar plansArts, Entertainment & Recreation · New York
New York City Ballet, Inc NY$73.9M · 0.37%
Qb Jv Holdings, LLC NY$73.7M · 0.11%
Sterling Mets, L.P. NY$47.8M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 131624146 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.