Ohio › Arts, entertainment and recreation › 250 to 499 participants
Form 5500 statement · plan year 1 Nov 2024 to 31 Oct 2025
The Musical Arts Association Retirement Plan
Sponsored by The Musical Arts Association, Cleveland, OH
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.
The Musical Arts Association of Cleveland, Ohio sponsors The Musical Arts Association Retirement Plan, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Oct 2025 shows 302 participants (78 active) and $69.2M in net assets.
Net assets came to $228,984 per participant, well above the $87,254 median for defined benefit plans with 250 to 499 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 $14.6M for the year ($186,622 per active participant) and benefits paid were $4.4M. 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 6 service provider organisations paid $5,000 or more, with reported compensation of $230K: $763 per participant, well above the same-size median of $413. Administrative expenses charged to the plan were $261K. 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 $35.1M in 2009 to $69.2M in 2024 (up 97%), and participants from 366 to 302 (down 17%).
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 | $228,984 | $87,254 | $98,070 | $86,221 |
| Employer contributions per active participant | $186,622 | $11,032 | $8,284 | $10,244 |
| Schedule C compensation per participant | $763 | $413 | $440 | $344 |
| Schedule C compensation, share of net assets | 0.33% | 0.51% | 0.49% | 0.42% |
| Administrative expenses per participant | $864 | $596 | $715 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 250 to 499 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 | 302 | $69.2M | $228,983 | $14.6M | — | $230K |
| 2023 | 309 | $55.6M | $179,948 | $1.6M | — | $117K |
| 2022 | 310 | $48.4M | $156,200 | $602K | — | $103K |
| 2021 | 313 | $47.1M | $150,530 | $361K | — | $128K |
| 2020 | 318 | $61.8M | $194,425 | $310K | — | $133K |
| 2019 | 324 | $53.2M | $164,136 | $274K | — | $123K |
| 2018 | 330 | $54.3M | $164,527 | — | — | $162K |
| 2017 | 335 | $54.2M | $161,734 | $11.7M | — | $157K |
| 2016 | 341 | $45.8M | $134,411 | $1.2M | — | $144K |
| 2015 | 343 | $41.7M | $121,501 | — | — | $116K |
| 2014 | 344 | $44.0M | $127,890 | $2.6M | — | $103K |
| 2013 | 345 | $45.0M | $130,574 | $3.0M | — | $106K |
| 2012 | 348 | $42.0M | $120,572 | $2.9M | — | $110K |
| 2011 | 353 | $36.4M | $103,082 | $4.2M | — | $117K |
| 2010 | 360 | $32.8M | $91,025 | — | — | $129K |
| 2009 | 366 | $35.1M | $95,995 | — | — | $133K |
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$55,604,335
- Employer contributions$14,556,511
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$14,556,511
- Total income, including investment results$18,166,684
- Benefits paid$4,356,949
- Administrative expenses$260,805
- Total expenses$4,617,754
- Net income$13,548,930
- Net transfers$0
- Net assets, end of year$69,153,265
Participants
- Active participants78
- Retired or separated, receiving benefits135
- Retired or separated, entitled to future benefits62
- Total participants, end of year302
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Towers Watson | Actuarial | $77,888 | $0 |
| Gallagher Benefit Services, Inc. | Actuarial; Consulting (pension) | $71,600 | $0 |
| RSM US LLP | Accounting (including auditing) | $32,000 | $0 |
| Monticello Associates, Inc. | Investment advisory (plan) | $25,395 | $0 |
| Wellington Trust Company, NA | Investment management | $17,762 | $0 |
| Keybank National Association | Accounting (including auditing); Contract Administrator; Custodial (securities); Trustee (bank, trust company, or similar financial institution); Investment management | $5,657 | $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$113,688
- Other administrative expenses$66,302
- Investment advisory and management fees$48,815
- IQPA audit fees$32,000
- Total administrative expenses$260,805
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.
- Cash (interest and non-interest bearing)$56.4M · 81.4%
- Partnership/joint venture interests$9.3M · 13.4%
- Other investments$3.6M · 5.2%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmRSM US LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- 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 related1BBenefits are primarily flat dollar (includes dollars per year of service)1IFrozen plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 711100: Performing Arts Companies.
Other plans of The Musical Arts Association
| Plan | Participants | Net assets |
|---|---|---|
| The Musical Arts Association 403(b) Retirement Plan | 259 | $36.9M |
Similar plans in Ohio
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Major League Baseball Pension Plan for Non-Uniformed Personnel | The Cincinnati Reds, LLC | 575 | $51.7M | $89,829 |
| Theatrical Stage Employees Union Local No. 27 Defined Benefit Plan | Trustees-Theatrical Stage Employees Union Local No. 27 | 271 | $14.8M | $54,773 |
| Major League Baseball Pension Plan for Non-Uniformed Personnel | Cleveland Guardians Baseball Co. LLC | 667 | $87.1M | $130,638 |
| Cincinnati Stage Employees Local 5 Pension Plan | The Trustees of the Cincinnati Stage Employees Local 5 Pension Plan | 212 | $16.6M | $78,142 |
| The Cleveland Museum of Art Pension Plan | The Cleveland Museum of Art | 210 | $10.5M | $49,962 |
Defined benefit plans in arts, entertainment and recreation closest in size.
Questions and answers
How big is The Musical Arts Association Retirement Plan?
302 participants at the end of the plan year ending 31 Oct 2025, of whom 78 were active employees, with net assets of $69,153,265. Among defined benefit plans that places it in the 250 to 499 participants band, which held 873 plans in plan year 2024.
What does The Musical Arts Association contribute per participant?
The filing reports $14,556,511 in employer contributions for the year, which is $186,622 per active participant; the median for plans of the same type and size was $11,032 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 $230,302 in compensation to service provider organisations, $763 per participant or 0.33% of net assets. The same-size median among plans reporting any Schedule C compensation was $413 per participant. Administrative expenses on Schedule H were $260,805. 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 Musical Arts Association. Recordkeeping or administration: Keybank National Association. Investment advisory or management: Monticello Associates, Inc., Wellington Trust Company, NA and Keybank National Association. Trustee or custodian: Keybank National Association. The financial statements were audited by RSM US 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 Nov 2024 to 31 Oct 2025, received by the Department of Labor on 14 Aug 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 34-0714468, plan 001, received 14 Aug 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.