Plan Snapshot
- Plan Sponsor: Cleveland Institute Of Art
- Sponsor EIN: 340714334
- Sponsor Address: 11610 EUCLID AVENUE, CLEVELAND, OH, 44106
- Plan Type: 403(b)
- Total Participants: 94
- Total Assets: $29.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 94 | $29.3M | $268,120 | $618,368 |
| 2023 | 99 | $29.0M | $246,295 | $623,891 |
| 2022 | 89 | $27.9M | $252,771 | $588,629 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| TIAA - TEACHERS INSURANCE AND ASSOC | NONE | $21,239 | — | $21,239 |
| NFP RETIREMENT INC | NONE | $17,000 | — | $17,000 |
| FLEXPATH STRATEGIES, LLC | NONE | $14,232 | — | $14,232 |
| MALONEY + NOVOTNY LLC | NONE | $6,626 | — | $6,626 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TIAA - TEACHERS INSURANCE AND ASSOC — NONE
- NFP RETIREMENT INC — NONE
- MALONEY + NOVOTNY LLC — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $59,097
- Estimated Expense Ratio: 0.202% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $59,097 | $31,232 | $21,239 | $6,626 | — |
| 2023 | $54,756 | $22,260 | $19,596 | $12,900 | — |
| 2022 | $21,180 | — | $21,180 | — | — |