Defined Benefit (Pension) · DOL Form 5500 · 2023
Board of Trustees of Masters, Mates & Pilots Pension Plan Pension Plan
Data updated 2026-08-11
- $332M
- Total assets
- 655
- Participants
- 96th
- Percentile by assets
- $507,144
- Avg per participant
Official DOL plan name: Masters, Mates & Pilots Pension Plan · Sponsored by Board of Trustees of Masters, Mates & Pilots Pension Plan · Maryland · Transportation & Warehousing
$332M in assets, 655 participants
Board of Trustees of Masters, Mates & Pilots Pension Plan's Masters, Mates & Pilots Pension Plan reported $332M in total assets and 655 participants in its 2023 DOL Form 5500 filing, ranking in the 96th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 96th percentile by assets (of 127,072 plans)
- #3,198 in Transportation & Warehousing (3,362 peers)
Where Masters, Mates & Pilots Pension Plan sits by assets
Masters, Mates & Pilots Pension Plan sits in the top 5% of all filed plans by assets, $332M for 655 participants (~$507,144/participant), down 1.2% in 2023.
- $332M
- total plan assets (2023 EOY)
- 655
- covered participants
- 96th
- percentile by assets (of 127,072 plans)
- $507,144
- avg assets per participant
The plan reported a net loss of $4M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Masters, Mates & Pilots Pension Plan reported net income rose from -$78M in the plan year 2022 filing to -$4M in the plan year 2023 filing.
- Masters, Mates & Pilots Pension Plan end-of-year assets fell from $336M in the plan year 2022 filing to $332M in the plan year 2023 filing.
Masters, Mates & Pilots Pension Plan vs the 2023 asset distribution
By assets, Masters, Mates & Pilots Pension Plan outranks 96% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 3.3x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $336M |
|---|---|
| Net Assets (End of Year) | $332M |
| Net Income | -$4M |
| Employer EIN | 136372630 |
| Plan Effective Date | 1955-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees of Masters, Mates & Pilots Pension Plan)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 651 | $336M |
| 2023 | 1 | 655 | $332M |
| 2024 | 1 | 640 | $328M |
Nearby Defined Benefit (Pension) Plans in Maryland
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Masters, Mates & Pilots Pension Plan vs. nearby Defined Benefit (Pension) plans in Maryland, assets vs. participants
- National Electrical Benefit Fund $18.9B · 323,315
- Lockheed Martin Corporation Salaried Employee Retirement Program $18.4B · 19,673
- Major League Baseball Players Pension Plan $4.6B · 1,087
- National Automatic Sprinkler Industry Pension Fund $4.5B · 15,047
- International Painters and Allied Trades Industry Pension Plan $4.2B · 44,973
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Masters, Mates & Pilots Pension Plan by total assets, not by location.
- Otter Tail Corporation Pension Plan (MN) $332M · 343
- Hormel Foods Corporation Hourly Employees' Pension Plan (MN) $333M · 3,369
- Nordson Corporation Salaried Employees Pension Plan (OH) $332M · 1,974
- Vencore, Inc. Pension Plan (VA) $333M · 407
Frequently Asked Questions
How did Masters, Mates & Pilots Pension Plan assets move in 2023? ▼
How have Board of Trustees of Masters, Mates & Pilots Pension Plan plan assets changed over time? ▼
Where does Masters, Mates & Pilots Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Masters, Mates & Pilots Pension Plan? ▼
Next read for Masters, Mates & Pilots Pension Plan
Scale reading
Ways to act on Masters, Mates & Pilots Pension Plan's numbers.
- By total assets, Masters, Mates & Pilots Pension Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Maryland. Compare plans
- Board of Trustees of Masters, Mates & Pilots Pension Plan's sponsor-wide assets have declined 2.3% since 2022 across 3 plan years on file. More Transportation & Warehousing plans