Defined Benefit (Pension) · DOL Form 5500 · 2023
Board of Trustees Seafarers Pension Plan Pension Plan
Data updated 2026-08-06
- $1.9B
- Total assets
- 7,093
- Participants
- 99th
- Percentile by assets
- $267,574
- Avg per participant
Official DOL plan name: Seafarers Pension Plan · Sponsored by Board of Trustees Seafarers Pension Plan · Maryland · Transportation & Warehousing
$1.9B in assets, 7,093 participants
Board of Trustees Seafarers Pension Plan's Seafarers Pension Plan reported $1.9B in total assets and 7,093 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.
- 99th percentile by assets (of 126,618 plans)
- #3,298 in Transportation & Warehousing (3,344 peers)
Coverage in Maryland
Seafarers Pension Plan covers 7,093 participants in Maryland, 7.3x the typical Maryland plan (state average ~971 per filing). Assets: $1.9B.
- $1.9B
- total plan assets (2023 EOY)
- 7,093
- covered participants
- 99th
- percentile by assets (of 126,618 plans)
- $267,574
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Seafarers Pension Plan reported net income rose from -$358M in the plan year 2022 filing to $114M in the plan year 2023 filing.
- Seafarers Pension Plan end-of-year assets rose from $1.8B in the plan year 2022 filing to $1.9B in the plan year 2023 filing.
- Seafarers Pension Plan reported participants fell from 7,399 in the plan year 2022 filing to 7,093 in the plan year 2023 filing.
Participants vs Maryland filers
In Maryland, the average filing covers about 971 participants across 2,307 plans. Seafarers Pension Plan reports 7,093 participants - 7.3x that state average ($1.9B EOY assets).
Maryland filing particulars
| Total Assets (Beginning of Year) | $1.8B |
|---|---|
| Net Assets (End of Year) | $1.9B |
| Net Income | $114M |
| Employer EIN | 136100329 |
| Plan Effective Date | 1961-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees Seafarers Pension Plan)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 7,399 | $1.8B |
| 2023 | 1 | 7,093 | $1.9B |
| 2024 | 1 | 7,182 | $2.1B |
Nearby Defined Benefit (Pension) Plans in Maryland
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Seafarers 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
Scale composition for Seafarers Pension Plan
Seafarers Pension Plan reports $1.9B in end-of-year assets across 7,093 participants (0.016% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.008% of 89,805,449 covered participants) - about $267,574 per participant (2.0x the national average assets-per-participant) . Net income for plan year 2023 was $114M.
This plan identity (EIN 136100329, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.8B to $2.1B (+15.2%) while covered participants moved from 7,399 to 7,182 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 7,399 | $1.8B | Open filing |
| 2023 | 7,093 | $1.9B | This page |
| 2024 · index core | 7,182 | $2.1B | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Seafarers Pension Plan (Defined Benefit (Pension), $2.1B, 7,182 participants)
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Seafarers Pension Plan by total assets, not by location.
- Hess Corporation Employees' Pension Plan (TX) $1.9B · 1,324
- Aramco U.S. Retirement Income Plan (TX) $1.9B · 1,618
- Electrical Workers Pension Plan Local 103 I.B.E.W. (MA) $1.9B · 6,014
- Danaher Corporation & Subsidiaries Pension Plan (DC) $1.9B · 3,354
Frequently Asked Questions
How did Seafarers Pension Plan assets move in 2023? ▼
How have Board of Trustees Seafarers Pension Plan plan assets changed over time? ▼
Where does Seafarers Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Seafarers Pension Plan? ▼
Next read for Seafarers Pension Plan
Filing takeaways
Ways to act on Seafarers Pension Plan's numbers.
- By total assets, Seafarers Pension Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Maryland. Compare plans
- Board of Trustees Seafarers Pension Plan's sponsor-wide assets have grown 15.2% since 2022 across 3 plan years on file. More Transportation & Warehousing plans