Plan Snapshot
- Plan Sponsor: Board Of Trustees Seafarers Officers And Employees Pension Plan
- Sponsor EIN: 116138267
- Sponsor Address: 5201 CAPITAL GATEWAY DRIVE, CAMP SPRINGS, MD, 207464447
- Plan Type: DB
- Total Participants: 399
- Total Assets: $278.9M
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 | 399 | $278.9M | $10.4M | $0 |
| 2023 | 416 | $250.9M | $10.4M | $0 |
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 |
|---|---|---|---|---|
| MORGAN STANLEY SMITH BARNEY LLC | Other Service Provider | $925,951 | — | $925,951 |
| PLAN EMPLOYEE | Other Service Provider | $190,100 | — | $190,100 |
| BASIL CASTROVINCI ASSOCIATES INC | Other Service Provider | $67,788 | — | $67,788 |
| ASB CAPITAL MANAGEMENT LLC | Other Service Provider | $62,990 | — | $62,990 |
| WEAVER AND TIDWELL, L.L.P. | Other Service Provider | $24,000 | — | $24,000 |
| ATALANTA SOSNOFF CAPITAL | Other Service Provider | $21,151 | — | $21,151 |
| SEAFARERS VACATION PLAN | Other Service Provider | $14,069 | — | $14,069 |
| QUAN-VEST CONSULTANTS, INC. | Other Service Provider | $13,750 | — | $13,750 |
| COMERICA BANK | Other Service Provider | $13,428 | — | $13,428 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY SMITH BARNEY LLC — Other Service Provider
- WEAVER AND TIDWELL, L.L.P. — Other Service Provider
- SEAFARERS VACATION PLAN — Other Service Provider
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,333,227
- Estimated Expense Ratio: 0.478% 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 | $1,603,589 | $1,212,805 | — | $24,000 | — |
| 2023 | $1,508,589 | $1,125,656 | — | $24,000 | — |