Plan Snapshot
- Plan Sponsor: Board Of Trustees Seafarers Pension Plan
- Sponsor EIN: 136100329
- Sponsor Address: 5201 CAPITAL GATEWAY DRIVE, CAMP SPRINGS, MD, 207464211
- Plan Type: DB
- Total Participants: 7,295
- Total Assets: $2.1B
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 | 7,295 | $2.1B | $13.1M | $0 |
| 2023 | 7,182 | $1.9B | $11.9M | $0 |
| 2022 | 7,093 | $1.8B | $11.3M | $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 |
|---|---|---|---|---|
| SEAFARERS VACATION PLAN | Other Service Provider | $4,908,734 | — | $4,908,734 |
| MORGAN STANLEY SMITH BARNEY LLC | Other Service Provider | $2,105,452 | — | $2,105,452 |
| SEAFARERS INTL UNION AGLIW | Other Service Provider | $783,035 | — | $783,035 |
| ATALANTA SOSNOFF CAPITAL | Other Service Provider | $756,331 | — | $756,331 |
| JP MORGAN CHASE BANK, N.A. | Other Service Provider | $549,413 | — | $549,413 |
| ASB CAPITAL MANAGEMENT LLC | Other Service Provider | $520,792 | — | $520,792 |
| WELLS FARGO ASSET MANAGEMENT | Other Service Provider | $288,974 | — | $288,974 |
| COMERICA BANK | Other Service Provider | $237,410 | — | $237,410 |
| QUAN-VEST CONSULTANTS, INC. | Other Service Provider | $214,992 | — | $214,992 |
| WEAVER AND TIDWELL, LLP | Other Service Provider | $153,040 | — | $153,040 |
| SEI TRUST COMPANY | Other Service Provider | $136,430 | — | $136,430 |
| BASIL CASTROVINCI ASSOCIATES INC | Other Service Provider | $129,600 | — | $129,600 |
| MY CLEANING SERVICE | Other Service Provider | $68,918 | — | $68,918 |
| TRUIST BANK | Other Service Provider | $63,453 | — | $63,453 |
| AUDREY F. FEFFER | Other Service Provider | $57,225 | — | $57,225 |
| GUARDIAN FIRE PROTECTION SERV | Other Service Provider | $16,078 | — | $16,078 |
| FPV & GALINDEZ PSC | Other Service Provider | $15,462 | — | $15,462 |
| J.E.RICHARD, INC. | Other Service Provider | $9,625 | — | $9,625 |
| EMR | Other Service Provider | $8,629 | — | $8,629 |
| LEXISNEXIS RISK SOLUTIONS FL INC | Other Service Provider | $6,270 | — | $6,270 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SEAFARERS VACATION PLAN — Other Service Provider
- MORGAN STANLEY SMITH BARNEY LLC — Other Service Provider
- JP MORGAN CHASE BANK, N.A. — Other Service Provider
- WEAVER AND TIDWELL, LLP — Other Service Provider
- AUDREY F. FEFFER — Other Service Provider
- FPV & GALINDEZ PSC — Other Service Provider
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,029,863
- Estimated Expense Ratio: 0.536% 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 | $14,814,974 | $4,594,414 | — | $153,040 | — |
| 2023 | $14,321,276 | $4,887,744 | — | $163,585 | — |
| 2022 | $14,051,680 | $5,182,743 | — | — | $943,191 |