The Board of Trustees American Maritime Officers Pension PlanMoney purchase plan
AMERICAN MARITIME OFFICERS PENSION PLAN · DANIA BEACH, FL · plan year 2024
Reported admin expense ratio · 2024
0.45%
Peer grade: B· admin costs + employer contributions vs same-size plans · how grading works
The Board of Trustees American Maritime Officers Pension Plan reported $3,305,260 in plan administrative expenses for 2024: 0.45% of average plan assets, higher than ~90% of peers. Employer contributions averaged $27,999 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 fell from 0.50% to 0.45%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 65th-largest of 3,644 plans among Florida employers on file, and the 56th of 2,677 in transportation & warehousing. active participation has shrunk from 967 to 822 since 2022.
Plan summary
Net assets, end of year$757,753,983
Participants with balances4,023
Active participants822
Employer contributions$23,014,770
Employee contributions—
Employer contribution per active participant$27,999
Employer contributions to the The Board of Trustees American Maritime Officers Pension Plan plan · 2024
Employer contribution per active participant$27,999
Median for plans this size$4,294
2024$27,999 per active participant
2023$27,354 per active participant
2022$27,597 per active participant
The Board of Trustees American Maritime Officers Pension Plan's 2024 employer contribution ran above the $4,294 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
What these fees cost you
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Service providers · 202412
AMO MASTER OPERATING TRUST · Claims processing · Recordkeeping$2,054,022
MATRIX TRUST COMPANY · Claims processing · Custodial (securities)$11,225
TECH PLUS SYSTEMS, INC. · Other services$5,446
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Recordkeeper by year2
2024AMO MASTER OPERATING TRUST, John Hancock, Newport (Ascensus), OKSANA KOCHERGINA
2023AMO MASTER OPERATING TRUST, Newport (Ascensus), OKSANA KOCHERGINA, TECH PLUS SYSTEMS, INC.
This plan has changed recordkeepers within these filings. If you left The Board of Trustees American Maritime Officers Pension Plan before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).
Administrative cost history3
2024$3,305,260 · 0.45%
2023$3,142,968 · 0.46%
2022$3,039,975 · 0.50%
Similar plansTransportation & Warehousing · Florida
Source: U.S. Department of Labor, Form 5500 series, EIN 131936709 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.