Defined Benefit (Pension) · DOL Form 5500 · 2024

Board of Trustees of Masters, Mates & Pilots Pension Plan Pension Plan

Data updated 2026-08-06

$328M
Total assets: 640
Participants: 96th
Percentile by assets: $513,239
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

$328M in assets, 640 participants

Board of Trustees of Masters, Mates & Pilots Pension Plan's Masters, Mates & Pilots Pension Plan reported $328M in total assets and 640 participants in its 2024 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 116,472 plans)

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, $328M for 640 participants (~$513,239/participant), down 1.1% in 2024.

$328M
total plan assets (2024 EOY): 640
covered participants: 96th
percentile by assets (of 116,472 plans): $513,239
avg assets per participant

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Masters, Mates & Pilots Pension Plan reported net income rose from -$4M in the plan year 2023 filing to -$3M in the plan year 2024 filing.
Masters, Mates & Pilots Pension Plan reported participants fell from 655 in the plan year 2023 filing to 640 in the plan year 2024 filing.
Masters, Mates & Pilots Pension Plan end-of-year assets fell from $332M in the plan year 2023 filing to $328M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Maryland

Industry

Transportation & Warehousing

Masters, Mates & Pilots Pension Plan vs the 2024 asset distribution

By assets, Masters, Mates & Pilots Pension Plan outranks 96% of the 116,472 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 3.3x the national average plan size of $100M (730 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)	$332M
Net Assets (End of Year)	$328M
Net Income	-$3M
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)

Total plan assets by year, all Board of Trustees of Masters, Mates & Pilots Pension Plan plans on file

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 $20.4B · 332,362
Lockheed Martin Corporation Salaried Employee Retirement Program $18.3B · 18,014
Bakery & Confectionery Union & Industry International Pension Fund $6.6B · 14,954
National Automatic Sprinkler Industry Pension Fund $4.8B · 15,964
Major League Baseball Players Pension Plan $4.8B · 1,091

Compare Masters, Mates & Pilots Pension Plan side-by-side with 3 peers →

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.

Alaska Airlines, Inc. Retirement Plan for Salaried Employees (WA) $329M · 270
Otter Tail Corporation Pension Plan (MN) $329M · 311
Mattel Cash Balance Plan (CA) $329M · 222
Sumitomo Rubber USA, LLC 1950 Pension Plan (NY) $329M · 348

Frequently Asked Questions

How did Masters, Mates & Pilots Pension Plan assets move in 2024? ▼

Masters, Mates & Pilots Pension Plan edged down modestly - down 1.1% during 2024, from $332M to $328M. Reported net income was -$3M.

How have Board of Trustees of Masters, Mates & Pilots Pension Plan plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees of Masters, Mates & Pilots Pension Plan's sponsor-wide assets declined 2.3%, from $336M to $328M.

Where does Masters, Mates & Pilots Pension Plan rank by assets among Form 5500 filers? ▼

Masters, Mates & Pilots Pension Plan ranks in the 96th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).

Which Defined Benefit (Pension) plans are similar in size to Masters, Mates & Pilots Pension Plan? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Alaska Airlines, Inc. Retirement Plan for Salaried Employees in WA ($329M, 270 participants).

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

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 136372630.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.