New York › Arts, entertainment and recreation › 500 to 999 participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
The Museum of Modern Art Pension Plan
Sponsored by The Museum of Modern Art, New York, NY
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
In the plan year ending 30 Jun 2025, The Museum of Modern Art Pension Plan covered 652 participants and held $121M in net assets. The plan is a defined benefit pension plan sponsored by The Museum of Modern Art of New York, New York.
Net assets came to $185,620 per participant, well above the $86,583 median for defined benefit plans with 500 to 999 participants and well above the $98,070 median for defined benefit plans in arts, entertainment and recreation. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Employer contributions were $806K for the year ($5,754 per active participant) and benefits paid were $7.9M. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
Schedule C lists 5 service provider organisations paid $5,000 or more, with reported compensation of $284K: $435 per participant, above the same-size median of $377. Administrative expenses charged to the plan were $360K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $46.2M in 2009 to $121M in 2024 (up 162%), and participants from 968 to 652 (down 33%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $185,620 | $86,583 | $98,070 | $86,221 |
| Employer contributions per active participant | $5,754 | $10,758 | $8,284 | $10,244 |
| Schedule C compensation per participant | $435 | $377 | $440 | $344 |
| Schedule C compensation, share of net assets | 0.23% | 0.48% | 0.49% | 0.42% |
| Administrative expenses per participant | $553 | $591 | $715 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 500 to 999 participants (873 plans), arts, entertainment and recreation (119) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 652 | $121M | $185,620 | $806K | — | $284K |
| 2023 | 730 | $117M | $160,785 | $508K | — | $250K |
| 2022 | 746 | $108M | $144,641 | $4.4M | — | $275K |
| 2021 | 751 | $98.2M | $130,720 | $2.2M | — | $350K |
| 2020 | 756 | $112M | $148,239 | $3.5M | — | $410K |
| 2019 | 765 | $89.8M | $117,349 | $3.7M | — | $340K |
| 2018 | 774 | $86.4M | $111,686 | $4.0M | — | $317K |
| 2017 | 786 | $80.4M | $102,336 | $3.4M | — | $436K |
| 2016 | 867 | $76.4M | $88,090 | $3.3M | — | $537K |
| 2015 | 872 | $68.6M | $78,615 | $598K | — | $360K |
| 2014 | 875 | $70.9M | $80,976 | $276K | — | $682K |
| 2013 | 889 | $71.4M | $80,272 | $2.5M | — | $625K |
| 2012 | 890 | $61.2M | $68,765 | $2.0M | — | $427K |
| 2011 | 910 | $53.9M | $59,209 | $433K | — | $401K |
| 2010 | 926 | $55.5M | $59,896 | $2.0M | — | $458K |
| 2009 | 968 | $46.2M | $47,745 | $2.0M | — | $331K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$117,372,938
- Employer contributions$805,500
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$805,500
- Total income, including investment results$11,937,304
- Benefits paid$7,925,592
- Administrative expenses$360,389
- Total expenses$8,285,981
- Net income$3,651,323
- Net transfers$0
- Net assets, end of year$121,024,261
Participants
- Active participants140
- Retired or separated, receiving benefits270
- Retired or separated, entitled to future benefits217
- Total participants, end of year652
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Milliman | Actuarial | $98,104 | $0 |
| CFS Consulting | Trustee (bank, trust company, or similar financial institution); Investment advisory (plan) | $92,157 | $0 |
| PKF O'Connor Davies, LLP | Accounting (including auditing) | $39,848 | $0 |
| Income Research & Management | Investment management | $32,359 | $0 |
| BNY Mellon | Direct payment from the plan | $21,063 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Actuarial fees$98,104
- Other administrative expenses$73,730
- Trustee and custodial fees$63,220
- Contract administrator fees$50,000
- IQPA audit fees$39,848
- Investment advisory and management fees$35,487
- Total administrative expenses$360,389
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$59.9M · 49.4%
- U.S. Government securities$56.2M · 46.3%
- Cash (interest and non-interest bearing)$3.9M · 3.2%
- Receivables$1.3M · 1.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmPKF O'Connor Davies, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $5,000,000
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 712100: Museums, Historical Sites, & Similar Institutions.
Other plans of The Museum of Modern Art
| Plan | Participants | Net assets |
|---|---|---|
| The Museum of Modern Art 403(b) Retirement Plan | 1,339 | $179M |
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Treasurers and Ticket Sellers Local 751 Pension Fund | Treasurers & Ticket Sellers Local 751 Pension Fund BD of Trustees | 687 | $116M | $169,033 |
| Major League Baseball Pension Plan for Non-Uniformed Personnel | QB JV Holdings, LLC | 607 | $73.0M | $120,262 |
| Pension Plan for Union Employees of the New York Racing Association, Inc. | The New York Racing Association Inc. | 716 | $120M | $167,995 |
| Pension Fund of Moving Picture Machine Operators Union of Greater New York, Local 306 | Board of Trustees Pension Fund of Union of Greater New York Local 306 | 493 | $25.2M | $51,115 |
| The Lincoln Center Pension Plan | Lincoln Center for the Performing Arts, Inc. | 1,083 | $101M | $92,912 |
| National Hockey League Retirement Plan United States | National Hockey League | 467 | $156M | $334,364 |
Defined benefit plans in arts, entertainment and recreation closest in size.
Questions and answers
How big is The Museum of Modern Art Pension Plan?
652 participants at the end of the plan year ending 30 Jun 2025, of whom 140 were active employees, with net assets of $121,024,261. Among defined benefit plans that places it in the 500 to 999 participants band, which held 873 plans in plan year 2024.
What does The Museum of Modern Art contribute per participant?
The filing reports $805,500 in employer contributions for the year, which is $5,754 per active participant; the median for plans of the same type and size was $10,758 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $283,531 in compensation to service provider organisations, $435 per participant or 0.23% of net assets. The same-size median among plans reporting any Schedule C compensation was $377 per participant. Administrative expenses on Schedule H were $360,389. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is The Museum of Modern Art. Investment advisory or management: CFS Consulting and Income Research & Management. Trustee or custodian: CFS Consulting. The financial statements were audited by PKF O'Connor Davies, LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jul 2024 to 30 Jun 2025, received by the Department of Labor on 15 Apr 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 13-1624100, plan 001, received 15 Apr 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.