The Musical Arts Association 403(B) Retirement Plan — Form 5500 plan (The Musical Arts Association)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, The Musical Arts Association 403(B) Retirement Plan is a benefit plan reported by The Musical Arts Association under EIN 34-0714468 and plan number 002. The latest loaded filing year is 2023. The filing reports 281 participants and $33,822,985 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$33.8MPlan net assets, end of year$33,822,985
Participants281Covered participants reported
Assets / participant$120.4KComputed: assets ÷ participants$120,366 (computed)
Provider compensation$159.5K2 Schedule C provider row(s)$159,471
- Plan sponsor
- The Musical Arts Association
- EIN
- 34-0714468
- Plan number
- 002
- Plan type
- 2
- Location
- Cleveland, OH
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 281 | H, C | 20241013124735NAL0012429763001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$33.8M total assets
Net assets$33.8MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $33,822,985
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $33,822,985
- Net assets (BOY)
- $29,723,416
Income & contributions
- Employer contributions
- $1,704,625
- Participant contributions
- $925,324
- Total contributions
- $2,675,534
- Total income / additions
- $7,458,946
Expenses & distributions
- Benefits paid
- $3,234,616
- Administrative expenses
- $124,761
- Total expenses
- $3,359,377
- Net increase / (decrease)
- $4,099,569
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
65%35%
Employer 65%Participant 35%
Total expenses ÷ net assets10%Computed ratio
Benefits paid ÷ total income43%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $124,732 | $0 | 2023 |
| Global Retirement Partners LLC | INVESTMENT ADVISORY | $0 | $34,739 | 2023 |