Money Purchase
2023 plan-year Money Purchase DOL Form 5500

SEAFARERS MONEY PURCHASE PENSION PLAN

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

BOARD OF TRUSTEES SEAFARERS MONEY PURCHASE PENSION PLAN

This Money Purchase plan holds $155M in total assets and serves 7,644 participants as of 2023. It is sponsored by BOARD OF TRUSTEES SEAFARERS MONEY PURCHASE PENSION PLAN in Maryland. The plan reported positive net income of $7M for the year.

Total Assets (2023)
$155M
Participants
7,644
State
Industry
Transportation & Warehousing

What the Filing Says About SEAFARERS MONEY PURCHASE PENSION PLAN

SEAFARERS MONEY PURCHASE PENSION PLAN is a Money Purchase retirement plan sponsored by BOARD OF TRUSTEES SEAFARERS MONEY PURCHASE PENSION PLAN, headquartered in Maryland. As of the 2023 Form 5500 filing, the plan reports $155M in total end-of-year assets and covers 7,644 participants across the Transportation & Warehousing industry. The sponsor's EIN on file with the U.S. Department of Labor is 521994914, and the plan has been effective since 1996-06-16. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $148M at the beginning of 2023 to $155M at year-end — a gain of 4.8%. Net assets (after liabilities) closed the year at $155M, with reported net income of $7M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$148M
Total Assets (End of Year)$155M
Net Assets (End of Year)$155M
Net Income$7M
Plan TypeMoney Purchase
Employer EIN521994914
Plan Effective Date1996-06-16
Filing StatusFILING RECEIVED

Sponsor Plan History (BOARD OF TRUSTEES SEAFARERS MONEY PURCHASE PENSION PLAN)

Year Plans Participants Total Assets
2022 1 7,557 $148M
2023 1 7,644 $155M
2024 1 8,583 $168M

Nearby Money Purchase Plans in Maryland

Peer Money Purchase plans — same state, same plan type — ranked by total assets.

Frequently Asked Questions

How much money is in the SEAFARERS MONEY PURCHASE PENSION PLAN?
As of the 2023 Form 5500 filing, SEAFARERS MONEY PURCHASE PENSION PLAN holds $155M in total assets with 7,644 participants. It is sponsored by BOARD OF TRUSTEES SEAFARERS MONEY PURCHASE PENSION PLAN.
What type of plan is SEAFARERS MONEY PURCHASE PENSION PLAN?
SEAFARERS MONEY PURCHASE PENSION PLAN is a Money Purchase plan. It has been effective since 1996-06-16. The plan is filed with the U.S. Department of Labor under EIN 521994914.
Who sponsors the SEAFARERS MONEY PURCHASE PENSION PLAN?
SEAFARERS MONEY PURCHASE PENSION PLAN is sponsored by BOARD OF TRUSTEES SEAFARERS MONEY PURCHASE PENSION PLAN, located in Maryland. The sponsor's EIN is 521994914 and the plan operates in the Transportation & Warehousing industry.
How did SEAFARERS MONEY PURCHASE PENSION PLAN perform in 2023?
SEAFARERS MONEY PURCHASE PENSION PLAN grew by 4.8% during 2023, moving from $148M to $155M in total assets. Net income was $7M.
Where can I find official filings for SEAFARERS MONEY PURCHASE PENSION PLAN?
Official Form 5500 filings for SEAFARERS MONEY PURCHASE PENSION PLAN are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 521994914 or plan name at efast.dol.gov.
How does SEAFARERS MONEY PURCHASE PENSION PLAN compare to other plans?
You can compare SEAFARERS MONEY PURCHASE PENSION PLAN against other Money Purchase plans on the plan type page, or view plans in Maryland on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 521994914.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from official public datasets. See our methodology for details.