Plan Snapshot
- Plan Sponsor: The Cleveland Museum Of Art
- Sponsor EIN: 340714336
- Sponsor Address: 11150 EAST BOULEVARD, CLEVELAND, OH, 441061797
- Plan Type: 401(k)
- Total Participants: 462
- Total Assets: $31.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 462 | $31.8M | $835,250 | $1.4M |
| 2023 | 433 | $26.7M | $769,133 | $1.3M |
| 2022 | 390 | $22.6M | $694,801 | $1.3M |
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 |
|---|---|---|---|---|
| ASCENSUS LLC | NONE | $45,233 | — | $45,233 |
| GALLAGHER FIDUCIARY ADVISORS | NONE | $12,000 | — | $12,000 |
| PLANTE & MORAN PLLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $57,233
- Estimated Expense Ratio: 0.180% 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 | $57,233 | $12,000 | $45,233 | — | — |
| 2023 | $58,381 | $12,000 | $46,381 | — | — |
| 2022 | $53,312 | $12,000 | $41,312 | — | — |