Plan Snapshot
- Plan Sponsor: Board Of Trustees Seafarers Money Purchase Pension Plan
- Sponsor EIN: 521994914
- Sponsor Address: 5201 CAPITAL GATEWAY DRIVE, CAMP SPRINGS, MD, 20746
- Plan Type: DC
- Total Participants: 8,505
- Total Assets: $167.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 8,505 | $167.7M | $12.2M | $115,604 |
| 2023 | 8,583 | $154.8M | $10.8M | $133,974 |
| 2022 | 7,644 | $147.7M | $10.1M | $166,973 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| SEAFARERS VACATION FUND | Other Service Provider | $638,006 | — | $638,006 |
| MORGAN STANLEY SMITH BARNEY LLC | Other Service Provider | $444,816 | — | $444,816 |
| JPMORGAN CHASE BANK, N.A. | Other Service Provider | $71,614 | — | $71,614 |
| ATALANTA SOSNOFF CAPITAL | Other Service Provider | $57,249 | — | $57,249 |
| WEAVER AND TIDWELL, LLP | Other Service Provider | $53,741 | — | $53,741 |
| BASIL CASTROVINCI ASSOCIATES INC | Other Service Provider | $46,740 | — | $46,740 |
| QUAN-VEST CONSULTANTS, INC. | Other Service Provider | $15,000 | — | $15,000 |
| COMERICA BANK | Other Service Provider | $9,378 | — | $9,378 |
| GALINDEZ LLC | Other Service Provider | $9,318 | — | $9,318 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SEAFARERS VACATION FUND — Other Service Provider
- MORGAN STANLEY SMITH BARNEY LLC — Other Service Provider
- JPMORGAN CHASE BANK, N.A. — Other Service Provider
- WEAVER AND TIDWELL, LLP — Other Service Provider
- GALINDEZ LLC — Other Service Provider
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,345,862
- Estimated Expense Ratio: 0.803% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,518,374 | $605,111 | — | $53,741 | — |
| 2023 | $1,389,816 | $582,734 | — | $64,368 | — |
| 2022 | $1,260,680 | $600,540 | — | — | $95,916 |