Defined Benefit (Pension) · DOL Form 5500 · 2024

Board of Trustees Seafarers Pension Plan Pension Plan

Data updated 2026-07-24

$2.1B
Total assets: 7,182
Participants: 99th
Percentile by assets: $286,295
Avg per participant

Official DOL plan name: Seafarers Pension Plan · Sponsored by Board of Trustees Seafarers Pension Plan · Maryland · Transportation & Warehousing

$2.1B in assets, 7,182 participants

Board of Trustees Seafarers Pension Plan's Seafarers Pension Plan reported $2.1B in total assets and 7,182 participants in its 2024 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 116,472 plans)

Coverage in Maryland

Seafarers Pension Plan covers 7,182 participants in Maryland, 7.4x the typical Maryland plan (state average ~971 per filing). Assets: $2.1B.

$2.1B
total plan assets (2024 EOY): 7,182
covered participants: 99th
percentile by assets (of 116,472 plans): $286,295
avg assets per participant

Seafarers Pension Plan reported net income rose from $114M in the plan year 2023 filing to $158M in the plan year 2024 filing.
Seafarers Pension Plan end-of-year assets rose from $1.9B in the plan year 2023 filing to $2.1B in the plan year 2024 filing.
Seafarers Pension Plan reported participants rose from 7,093 in the plan year 2023 filing to 7,182 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Maryland

Industry

Transportation & Warehousing

Participants vs Maryland filers

In Maryland, the average filing covers about 971 participants across 2,307 plans. Seafarers Pension Plan reports 7,182 participants - 7.4x that state average ($2.1B EOY assets).

Maryland filing particulars

Total Assets (Beginning of Year)	$1.9B
Net Assets (End of Year)	$2.1B
Net Income	$158M
Employer EIN	136100329
Plan Effective Date	1961-10-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees Seafarers Pension Plan)

Total plan assets by year, all Board of Trustees Seafarers Pension Plan plans on file

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 $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 Seafarers Pension Plan side-by-side with 3 peers →

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.

Northrop Grumman Retirement Plan B (VA) $2.1B · 1,614
National Grid USA Companies Final Average Pay Pension Plan (NY) $2.1B · 1,668
Alaska Electrical Pension Plan (AK) $2.1B · 3,898
The Northwestern Mutual Life Insurance Company Agents Retirement Plan (WI) $2.1B · 7,653

Frequently Asked Questions

How did Seafarers Pension Plan assets move in 2024? ▼

Seafarers Pension Plan grew at a solid clip - up 8.3% during 2024, from $1.9B to $2.1B. Reported net income was $158M.

How have Board of Trustees Seafarers Pension Plan plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees Seafarers Pension Plan's sponsor-wide assets grew 15.2%, from $1.8B to $2.1B.

Where does Seafarers Pension Plan rank by assets among Form 5500 filers? ▼

Seafarers Pension Plan ranks in the 99th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).

Which Defined Benefit (Pension) plans are similar in size to Seafarers Pension Plan? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Northrop Grumman Retirement Plan B in VA ($2.1B, 1,614 participants).

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

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 136100329.

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.