You might want to check your museum's audited financial statement which
should list the amount withheld for the pension plan (an aggregate number).
The audited financial statement should be available from your finance office
The information should be on the 990 form which all nonprofits file with the
IRS. IRS 990 forms can be found online at: www.guidestar.org.  Good luck.

Jane MacKnight
Registrar
Cincinnati Museum Center


-----Original Message-----
From: Museum discussion list [mailto:[log in to unmask]]On
Behalf Of John Martinson
Sent: Monday, July 16, 2001 11:00 PM
To: [log in to unmask]
Subject: 401K Nonprofit Organizations


Do any experts on nonprofit organizations know the law or regulations for a
401K program for a museum organizations?  For example, we have our personal
money going into a 401K account, and the organizations matches up to 3% of
our gross income.  We, however, have not received a statement or any
feedback from our accounts since last August or September (2000).

I believe it is the museum's responsible to report 401K contributions to the
government as well as to the contributing staff members.  How can a staff
member know their contributions or where to shift monies if they cannot see
their account?

With last years great downdrop in the stock market, we lost much because we
were not able to pull out or change or options.  I think some ethical
questions are at stake, and the museum itself can be responsible for this
can't they?

Any suggestions?

Best,

Concerned 401K staff members

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