Maryland › Other services › 100 to 249 participants
Form 5500 statement · plan year 1 Sep 2024 to 31 Aug 2025
The Maryland State Education Association Pension Plan and Trust
Sponsored by Maryland State Education Association, Inc., Annapolis, MD
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Maryland State Education Association, Inc. of Annapolis, Maryland sponsors The Maryland State Education Association Pension Plan and Trust, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Aug 2025 shows 159 participants (92 active) and $54.1M in net assets.
Net assets came to $340,149 per participant, well above the $80,635 median for defined benefit plans with 100 to 249 participants and well above the $110,377 median for defined benefit plans in other services. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Employer contributions were $2.1M for the year ($22,801 per active participant) and benefits paid were $2.2M. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
Schedule C lists 4 service provider organisations paid $5,000 or more, with reported compensation of $204K: $1,282 per participant, well above the same-size median of $451. Administrative expenses charged to the plan were $258K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $27.6M in 2015 to $54.1M in 2024 (up 96%), and participants from 128 to 159 (up 24%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $340,149 | $80,635 | $110,377 | $86,221 |
| Employer contributions per active participant | $22,801 | $9,975 | $13,001 | $10,244 |
| Schedule C compensation per participant | $1,282 | $451 | $486 | $344 |
| Schedule C compensation, share of net assets | 0.38% | 0.52% | 0.44% | 0.42% |
| Administrative expenses per participant | $1,621 | $582 | $662 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 100 to 249 participants (1,156 plans), other services (226) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 159 | $54.1M | $340,151 | $2.1M | $361K | $204K |
| 2023 | 153 | $52.7M | $344,333 | $3.1M | $319K | $177K |
| 2022 | 145 | $47.1M | $324,786 | $3.0M | $293K | $168K |
| 2021 | 140 | $45.2M | $322,986 | $3.0M | $281K | $160K |
| 2020 | 136 | $52.5M | $386,324 | $3.0M | $259K | $155K |
| 2019 | 125 | $44.1M | $353,160 | $2.9M | $239K | $103K |
| 2018 | 135 | $38.8M | $287,652 | $2.8M | $232K | $102K |
| 2017 | 134 | $35.0M | $260,858 | $2.8M | $238K | $104K |
| 2016 | 133 | $33.0M | $248,045 | $3.5M | $228K | $212K |
| 2015 | 128 | $27.6M | $215,531 | $3.2M | $150K | $176K |
| 2014 | 126 | — | — | — | — | — |
| 2013 | 109 | — | — | — | — | — |
| 2012 | 105 | — | — | — | — | — |
| 2011 | 100 | — | — | — | — | — |
| 2010 | 100 | — | — | — | — | — |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$52,682,794
- Employer contributions$2,097,656
- Participant contributions$361,035
- Rollovers and other contributions—
- Total contributions$2,458,691
- Total income, including investment results$3,882,383
- Benefits paid$2,223,740
- Administrative expenses$257,739
- Total expenses$2,481,479
- Net income$1,400,904
- Net transfers$0
- Net assets, end of year$54,083,698
Participants
- Active participants92
- Retired or separated, receiving benefits53
- Retired or separated, entitled to future benefits12
- Total participants, end of year159
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Aon Investments USA, Inc. | Investment advisory (plan); Investment management | $153,381 | $0 |
| Calibre CPA Group PLLC | Accounting (including auditing) | $20,000 | $0 |
| Sleven & Hart, P.C. | Legal | $15,692 | $0 |
| U.S. Bancorp | Trustee (bank, trust company, or similar financial institution) | $14,701 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Investment advisory and management fees$155,050
- Actuarial fees$32,664
- Legal fees$20,075
- IQPA audit fees$20,000
- Other administrative expenses$15,249
- Trustee and custodial fees$14,701
- Total administrative expenses$257,739
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Common/collective trusts$52.0M · 96.1%
- Cash (interest and non-interest bearing)$1.4M · 2.6%
- 103-12 investment entities$670K · 1.2%
- Receivables$18K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmCalibre CPA Group
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related1ECode section 401(h) arrangement
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 813000: Religious, Grantmaking, Civic, Professional, & Similar Organizations (including condominium and homeowners associations).
Similar plans in Maryland
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Amalgamated Transit Union Pension Plan for International Officers and Employees | Amalgamated Transit Union | 176 | $90.9M | $516,284 |
| National Automatic Sprinkler Industry Fund Office Employees Pension Plan | Joint Board of Trustees of National Automatic Sprinkler Industry Welfa | 150 | $32.9M | $219,033 |
| American Nurses Association Retirement Plan | American Nurses Association | 272 | $2.1M | $7,583 |
| Bakery, Confectionery, Tobacco Workers and Grain Millers International Union Employees' Pension Plan | Bakery, Confectionery, Tobacco Workers and Grain Millers | 133 | $71.5M | $537,578 |
| Senior Service America, Inc. Staff Pension Plan | Senior Service America, Inc. | 291 | $53.3M | $183,165 |
| United Association General Officers and Employees Pension Fund | United Association General Officers and Employees Pension Fund Board O | 389 | $208M | $535,925 |
Defined benefit plans in other services closest in size.
Questions and answers
How big is The Maryland State Education Association Pension Plan and Trust?
159 participants at the end of the plan year ending 31 Aug 2025, of whom 92 were active employees, with net assets of $54,083,698. Among defined benefit plans that places it in the 100 to 249 participants band, which held 1,156 plans in plan year 2024.
What does Maryland State Education Association, Inc. contribute per participant?
The filing reports $2,097,656 in employer contributions for the year, which is $22,801 per active participant; the median for plans of the same type and size was $9,975 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $203,774 in compensation to service provider organisations, $1,282 per participant or 0.38% of net assets. The same-size median among plans reporting any Schedule C compensation was $451 per participant. Administrative expenses on Schedule H were $257,739. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Maryland State Education Association, Inc.. Investment advisory or management: Aon Investments USA, Inc.. Trustee or custodian: U.S. Bancorp. The financial statements were audited by Calibre CPA Group. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Sep 2024 to 31 Aug 2025, received by the Department of Labor on 9 Mar 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 52-0607919, plan 002, received 9 Mar 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.