Maryland › Transportation and warehousing › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Oct 2024 to 30 Sep 2025
Steamship Trade Association of Baltimore, Incorporated International Longshoremen's Assoc. Severance and Annuity Plan
Sponsored by Board of Trustees of the Steamship Trade Association of Baltimore, Inc., Baltimore, 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.
In the plan year ending 30 Sep 2025, Steamship Trade Association of Baltimore, Incorporated International Longshoremen's Assoc. Severance and Annuity Plan covered 2,742 participants and held $140M in net assets. The plan is a profit-sharing plan sponsored by Board of Trustees of the Steamship Trade Association of Baltimore, Inc. of Baltimore, Maryland. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $51,226 per participant, close to the $50,295 median for defined contribution plans with 1,000 to 4,999 participants and well above the $32,883 median for defined contribution plans in transportation and warehousing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $20.3M during the year, or $7,757 per active participant against a same-size median of $2,045; participants contributed — and $792K arrived as rollovers and other contributions. Benefits paid out totalled $12.9M.
Schedule C lists 7 service provider organisations paid $5,000 or more, with reported compensation of $971K: $354 per participant, well above the same-size median of $82.08. Administrative expenses charged to the plan were $1.3M. 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 $27.4M in 2009 to $140M in 2024 (up 412%), and participants from 1,604 to 2,742 (up 71%).
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 DC plans |
|---|---|---|---|---|
| Net assets per participant | $51,226 | $50,295 | $32,883 | $53,102 |
| Employer contributions per active participant | $7,757 | $2,045 | $1,396 | $2,175 |
| Schedule C compensation per participant | $354 | $82.08 | $113 | $123 |
| Schedule C compensation, share of net assets | 0.69% | 0.17% | 0.33% | 0.26% |
| Administrative expenses per participant | $492 | $82.20 | $97.79 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 1,000 to 4,999 participants (10,207 plans), transportation and warehousing (1,909) and all US plans (63,460). 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 | 2,742 | $140M | $51,226 | $20.3M | — | $971K |
| 2023 | 2,784 | $120M | $43,179 | $14.6M | — | $624K |
| 2022 | 2,757 | $114M | $41,259 | $17.8M | — | $583K |
| 2021 | 2,557 | $94.8M | $37,085 | $16.9M | — | $607K |
| 2020 | 2,550 | $104M | $40,766 | $15.9M | — | $595K |
| 2019 | 2,343 | $88.9M | $37,929 | $11.0M | — | $622K |
| 2018 | 2,318 | $104M | $44,998 | $12.3M | — | $576K |
| 2017 | 2,164 | $90.7M | $41,925 | $8.9M | — | $561K |
| 2016 | 1,964 | $78.6M | $40,039 | $7.8M | — | $517K |
| 2015 | 1,986 | $68.3M | $34,387 | $7.3M | — | $743K |
| 2014 | 1,978 | $60.3M | $30,474 | $7.4M | — | $841K |
| 2013 | 1,976 | $56.8M | $28,736 | $7.5M | — | $765K |
| 2012 | 1,938 | $48.6M | $25,059 | $7.4M | — | $633K |
| 2011 | 1,872 | $42.4M | $22,640 | $7.3M | — | $550K |
| 2010 | 1,436 | $32.9M | $22,934 | $6.6M | — | $418K |
| 2009 | 1,604 | $27.4M | $17,109 | $5.0M | — | $96K |
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$120,210,573
- Employer contributions$20,314,930
- Participant contributions—
- Rollovers and other contributions$792,239
- Total contributions$21,107,169
- Total income, including investment results$34,526,292
- Benefits paid$12,923,959
- Administrative expenses$1,349,856
- Total expenses$14,273,815
- Net income$20,252,477
- Net transfers$0
- Net assets, end of year$140,463,050
Participants
- Active participants2,619
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits98
- Participants with account balances2,227
- Total participants, end of year2,742
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Empower Trust Company LLC | Investment management fees paid indirectly by plan; Sub-transfer agency fees; Distribution (12b-1) fees; Other investment fees and expenses | $806,531 | $0 |
| Withumsmith+brown | Accounting (including auditing) | $60,227 | $0 |
| Abato, Rubenstein, & Abato, P.A. | Legal | $59,990 | $0 |
| Segal Select Insurance Services, in | Insurance services | $17,587 | $0 |
| Investment Performance Services, in | Consulting (general); Investment advisory (plan) | $10,001 | $0 |
| Bicc Systems, Inc. | Consulting (general) | $8,956 | $0 |
| Law Offices of Michael Collins, PC | Legal | $7,313 | $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
- Trustee and custodial fees$806,531
- Salaries and allowances$248,799
- Other administrative expenses$156,996
- Legal fees$67,303
- IQPA audit fees$39,594
- Recordkeeping fees$20,632
- Investment advisory and management fees$10,001
- Total administrative expenses$1,349,856
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$71.6M · 50.9%
- Corporate stocks$26.8M · 19.0%
- Other investments$9.6M · 6.9%
- Pooled separate accounts$7.1M · 5.0%
- Corporate debt instruments$6.3M · 4.5%
- Partnership/joint venture interests$6.2M · 4.4%
- Cash (interest and non-interest bearing)$6.0M · 4.3%
- U.S. Government securities$4.7M · 3.3%
- Receivables$2.3M · 1.7%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmWithumsmith+brown, PC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $5,000,000
- Blackout period during the yearNo
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
2EProfit-sharing plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 488300: Support Activities for Water Transportation.
Similar plans in Maryland
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Meba Pension Trust-Money Purchase Benefit Plan | Board of Trustees, Meba Pension Trust-Money Purchase Benefit | 3,337 | $306M | $91,834 |
| Seafarers International Union Agliw 401(k) Plan | Board of Trustees Seafarers Internationa Union Agliw 401(k) Plan | 2,469 | $80.4M | $32,546 |
| Masters Mates & Pilots Individual Retirement Account Plan | Board of Trustees of M.m.&p. Individual Retirement Account Plan | 4,737 | $523M | $110,402 |
| Meba 401(k) Plan | Board of Trustees Meba 401(k) Plan | 2,091 | $331M | $158,204 |
| Seafarers Money Purchase Pension Plan | Board of Trustees Seafarers Money Purchase Pension Plan | 16,362 | $168M | $10,244 |
| Piedmont Airlines Inc. 401(k) Savings Plan for Pilots | Piedmont Airlines, Inc. | 1,967 | $85.7M | $43,591 |
Defined contribution plans in transportation and warehousing closest in size.
Questions and answers
How big is Steamship Trade Association of Baltimore, Incorporated International Longshoremen's Assoc. Severance and Annuity Plan?
2,742 participants at the end of the plan year ending 30 Sep 2025, of whom 2,619 were active employees, with net assets of $140,463,050. Among defined contribution plans that places it in the 1,000 to 4,999 participants band, which held 10,207 plans in plan year 2024.
What does Board of Trustees of the Steamship Trade Association of Baltimore, Inc. contribute per participant?
The filing reports $20,314,930 in employer contributions for the year, which is $7,757 per active participant; the median for plans of the same type and size was $2,045 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 $970,605 in compensation to service provider organisations, $354 per participant or 0.69% of net assets. The same-size median among plans reporting any Schedule C compensation was $82.08 per participant. Administrative expenses on Schedule H were $1,349,856. 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 Board of Trustees of the Steamship Trade Association of Baltimore, Inc.. Investment advisory or management: Investment Performance Services, in. The financial statements were audited by Withumsmith+brown, PC. 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 Oct 2024 to 30 Sep 2025, received by the Department of Labor on 2 Jul 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 52-2035147, plan 001, received 2 Jul 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.