Defined Benefit (Pension) · DOL Form 5500 · 2024

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

Data updated 2026-08-25

$328M
Total assets Above avg plan size
640
Participants Below avg headcount
96th
Percentile by assets National rank
$513,239
Avg per participant High balance/head
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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.

  • #3,117 in Transportation & Warehousing (3,299 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, $328M for 640 participants (~$513,239/participant), down 1.1% in 2024.

#3,117
in Transportation & Warehousing (3,299 peers)
-1.1%
assets change YoY
3.3×
vs typical plan assets (national mean)

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's outsized position by total assets

Masters, Mates & Pilots Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$328,473,050 Top 4% higher than 96% of 123,620 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Masters, Mates & Pilots Pension Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Masters, Mates & Pilots Pension Plan sits mid-pack in the medium band (640 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • 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 →

DOL schedule card

Filing strip 136372630 · Board of Trustees of Masters, Mates & Pilots Pension Plan PY 2024 · Defined Benefit (Pension)

Masters, Mates & Pilots Pension Plan · $328M · 640 · 96th

  • EBSA $328M
  • EBSA 640
  • EBSA 96th
  • EBSA Defined Benefit (Pension)
  • EBSA near Alaska Airlines, Inc. Retirement Plan for Salaried Employees
  • EBSA ind #3117

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Transportation & Warehousing retirement plans → · Plans in Maryland →

Masters, Mates & Pilots Pension Plan in the asset neighbourhood

Sumitomo Rubber USA, LLC 1950 Pension PlanSumitomo Rubber USA, LLC 195…$329MMattel Cash Balance Plan$329MOtter Tail Corporation Pension PlanOtter Tail Corporation Pensi…$329MAlaska Airlines, Inc. Retirement Plan for Salaried EmployeesAlaska Airlines, Inc. Retire…$329MMasters, Mates & Pilots Pension PlanMasters, Mates & Pilots Pens…$328M
End-of-year total assets ($M) among Masters, Mates & Pilots Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$332M
Net Assets (End of Year)$328M
Net Income-$3M
Employer EIN136372630
Plan Effective Date1955-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees of Masters, Mates & Pilots Pension Plan)

Sponsor-wide plan assets over time

All Board of Trustees of Masters, Mates & Pilots Pension Plan plans reported in each filing year

Latest sponsor-wide plan assets
$328M 2.321373874662914% vs 2022
2024 filing year
$325M$330M$335M$340M 202220232024 $336M $328M ▼ -2.3%
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 Scatter plot of 6 data points. -1000000100000200000300000400000 -50510152025 Total assets ($B) Participants Masters, Mates & Pilots Pension Plan, Total assets ($B): 0.32847305 · Participants: 640Masters, Mates & Pilots Pension PlanNational Electrical Benefit Fund, Total assets ($B): 20.376060206 · Participants: 332362National Electrical Benefit FundLockheed Martin Corporation Salaried Employee Retirement Program, Total assets ($B): 18.271295253 · Participants: 18014Lockheed Martin Corporation Salaried Employee Retirement ProgramBakery & Confectionery Union & Industry International Pension Fund, Total assets ($B): 6.575836095 · Participants: 14954Bakery & Confectionery Union & Industry International Pension FundNational Automatic Sprinkler Industry Pension Fund, Total assets ($B): 4.765198925 · Participants: 15964National Automatic Sprinkler Industry Pension FundMajor League Baseball Players Pension Plan, Total assets ($B): 4.76226641 · Participants: 1091Major League Baseball Players Pension Plan
Masters, Mates & Pilots Pension Plan vs. nearby Defined Benefit (Pension) plans in Maryland, assets vs. participants

Masters, Mates & Pilots Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Maryland, the nearest Defined Benefit (Pension) by assets is Alaska Airlines, Inc. Retirement Plan for Salaried Employees in WA ($329M); by covered participants it is Virginia Federal Credit Union Defined Benefit Plan in VA (640 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($328M here).

Similar participant headcount

Nearest other-state filings by covered participants (640 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

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 123,622 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).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Masters, Mates & Pilots Pension Plan?
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Virginia Federal Credit Union Defined Benefit Plan in VA (640 participants, $106M in assets).