Board of Trustees Seafarers Money Purchase Pension PlanMoney purchase plan

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Board of Trustees Seafarers Money Purchase Pension Plan reported $1,518,374 in plan administrative expenses for 2024: 0.94% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,429 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.79% to 0.94%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 104th-largest of 1,671 plans among Maryland employers on file, and the 167th of 2,677 in transportation & warehousing. In 2024, the employer put in $105.13 for every $1.00 employees contributed themselves; active participation has grown from 7,644 to 8,505 since 2022.