Plan5500

The Detroit Institute Of Arts 401(K) Plan — Form 5500 plan (The Detroit Institute Of Arts)

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 Detroit Institute Of Arts 401(K) Plan is a benefit plan reported by The Detroit Institute Of Arts under EIN 38-1359510 and plan number 002. The latest loaded filing year is 2023. The filing reports 465 participants and $19,180,511 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$19.2MPlan net assets, end of year$19,180,511
Participants465Covered participants reported
Assets / participant$41.2KComputed: assets ÷ participants$41,248 (computed)
Provider compensation$76.9K1 Schedule C provider row(s)$76,914
Plan sponsor
The Detroit Institute Of Arts
EIN
38-1359510
Plan number
002
Plan type
2
Location
Detroit, MI
Latest filing year
2023
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    465 participants · 2Sch HSch C
    View filing →
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)$19.2M total assets
Net assets$19.2MLiabilities$0
Money in vs. money out
Total income / additions$4.9M
Total expenses$1.8M
Benefits paid / distributions$1.7M
Contributions
Employer$940.4K
Participant$1.1M
Full reported line items

Net assets

Total assets (EOY)
$19,180,511
Total liabilities (EOY)
$0
Net assets (EOY)
$19,180,511
Net assets (BOY)
$16,148,198

Income & contributions

Employer contributions
$940,401
Participant contributions
$1,123,468
Total contributions
$2,063,869
Total income / additions
$4,857,519

Expenses & distributions

Benefits paid
$1,748,277
Administrative expenses
$76,929
Total expenses
$1,825,206
Net increase / (decrease)
$3,032,313
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.

Contribution share (employer vs. participant)
Employer 46%Participant 54%
Total expenses ÷ net assets10%Computed ratio
Benefits paid ÷ total income36%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    Alerus Financial, N.A.$76.9K
    NONE · Direct $76.9K · Indirect $0

Related Form 5500 pages