Plan Snapshot
- Plan Sponsor: The Institute Of Contemporary Art, INC.
- Sponsor EIN: 042104327
- Sponsor Address: 25 HARBOR SHORE DRIVE, BOSTON, MA, 02210
- Plan Type: 403(b)
- Plan Number: 001
- Total Participants: 192
- Total Assets: $10.9M
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 | 192 | $10.9M | $320,609 | $402,422 |
| 2023 | 162 | $11.5M | $288,827 | $368,383 |
| 2022 | 157 | $11.3M | $272,990 | $354,795 |
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 |
|---|---|---|---|---|
| JOHNSON O'CONNOR | Auditor | $10,525 | — | $10,525 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $10,525
- Estimated Expense Ratio: 0.097% 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 | $15,048 | — | $15,047 | — | — |
| 2023 | $2,154 | — | $2,154 | — | — |
| 2022 | $259 | — | — | — | $259 |