Plan Snapshot
- Plan Sponsor: National Academy Of Recording Arts & Sciences, INC.
- Sponsor EIN: 956052058
- Sponsor Address: 3030 OLYMPIC BOULEVARD, SANTA MONICA, CA, 904045073
- Plan Type: 401(k)
- Total Participants: 341
- Total Assets: $63.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 341 | $63.3M | $1.6M | $3.4M |
| 2023 | 310 | $57.4M | $1.4M | $3.1M |
| 2022 | 262 | $47.9M | $1.2M | $2.7M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $30,142 | — | $30,142 |
| MORGAN STANLEY | ACCOUNTANT/AUDITOR | $20,467 | — | $20,467 |
| SINGER LEWAK | Auditor | $20,467 | — | $20,467 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $5,146 | — | $5,146 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- MORGAN STANLEY — ACCOUNTANT/AUDITOR
- SINGER LEWAK — Auditor
- STRATEGIC ADVISORS, INC. — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $76,222
- Estimated Expense Ratio: 0.120% 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 | $55,756 | $5,146 | — | $20,467 | — |
| 2023 | $94,701 | $32,615 | $300 | $28,746 | — |
| 2022 | $118,599 | $3,536 | — | — | — |