Virginia › Transportation and warehousing › 250 to 499 participants
Form 5500 statement · plan year 1 Oct 2024 to 30 Sep 2025
Tma-Ila Pension Plan
Sponsored by Tampa Maritime Association- International Longshoremen's Assoc, Salem, VA
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, Tma-Ila Pension Plan covered 396 participants and held $43.1M in net assets. The plan is a defined benefit pension plan sponsored by Tampa Maritime Association- International Longshoremen's Assoc of Salem, Virginia. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $108,950 per participant, above the $87,254 median for defined benefit plans with 250 to 499 participants and above the $94,853 median for defined benefit 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.
Employer contributions were $3.2M for the year ($14,186 per active participant) and benefits paid were $2.3M. 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 6 service provider organisations paid $5,000 or more, with reported compensation of $306K: $773 per participant, well above the same-size median of $413. Administrative expenses charged to the plan were $461K. 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 $17.5M in 2009 to $43.1M in 2024 (up 146%), and participants from 426 to 396 (down 7%).
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 | $108,950 | $87,254 | $94,853 | $86,221 |
| Employer contributions per active participant | $14,186 | $11,032 | $12,821 | $10,244 |
| Schedule C compensation per participant | $773 | $413 | $425 | $344 |
| Schedule C compensation, share of net assets | 0.71% | 0.51% | 0.43% | 0.42% |
| Administrative expenses per participant | $1,163 | $596 | $650 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 250 to 499 participants (873 plans), transportation and warehousing (227) 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 | 396 | $43.1M | $108,949 | $3.2M | — | $306K |
| 2023 | 388 | $38.5M | $99,152 | $3.0M | — | $314K |
| 2022 | 374 | $31.3M | $83,564 | $2.6M | — | $304K |
| 2021 | 358 | $28.3M | $79,036 | $2.1M | — | $303K |
| 2020 | 342 | $32.9M | $96,096 | $1.4M | — | $274K |
| 2019 | 372 | $27.6M | $74,212 | $1.7M | — | $250K |
| 2018 | 378 | $25.9M | $68,481 | $2.1M | — | $245K |
| 2017 | 383 | $25.3M | $65,990 | $3.2M | — | $266K |
| 2016 | 336 | $22.2M | $66,036 | $2.1M | — | $218K |
| 2015 | 353 | $19.8M | $56,108 | $1.7M | — | $185K |
| 2014 | 373 | $18.6M | $49,898 | $2.0M | — | $208K |
| 2013 | 376 | $18.8M | $49,896 | $1.5M | — | $148K |
| 2012 | 388 | $17.9M | $46,198 | $1.2M | — | $146K |
| 2011 | 389 | $16.9M | $43,465 | $1.2M | — | $100K |
| 2010 | 410 | $15.8M | $38,417 | $887K | — | $327K |
| 2009 | 426 | $17.5M | $41,092 | $393K | — | $515K |
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$38,471,475
- Employer contributions$3,206,054
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$3,206,054
- Total income, including investment results$7,390,757
- Benefits paid$2,257,407
- Administrative expenses$460,584
- Total expenses$2,717,991
- Net income$4,672,766
- Net transfers$0
- Net assets, end of year$43,144,241
Participants
- Active participants226
- Retired or separated, receiving benefits91
- Retired or separated, entitled to future benefits7
- Total participants, end of year396
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Lawrence C. Musgrove Assoc., Inc. | Contract Administrator | $85,740 | $0 |
| Logan Capital Management, Inc. | Investment management | $82,483 | $0 |
| Bha Consulting, LLC | Actuarial | $54,733 | $0 |
| Regions Bank | Custodial (securities); Investment management | $36,366 | $0 |
| New Tower Trust Company | Custodial (securities); Investment management | $26,924 | $0 |
| Anderson & Reed, LLP | Accounting (including auditing) | $20,000 | $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$210,963
- Contract administrator fees$85,740
- Other administrative expenses$79,176
- Actuarial fees$54,733
- IQPA audit fees$20,000
- Legal fees$9,972
- Total administrative expenses$460,584
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.
- Registered investment companies (mutual funds)$21.0M · 48.7%
- Corporate stocks$17.6M · 40.8%
- Common/collective trusts$3.0M · 7.1%
- Cash (interest and non-interest bearing)$1.3M · 3.1%
- Receivables$187K · 0.4%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmAnderson & Reed, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- 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
1BBenefits are primarily flat dollar (includes dollars per year of service)
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 Virginia
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Ret. Plan for Emps. of American President Lines, LLC. Represented by the Prof. Ofc. & Ind. , Marine Engr. Beneficial Assn (Afl/cio) | American President Lines, LLC | 480 | $23.7M | $49,328 |
| Virginia International Terminals LLC Pension Plan | Virginia International Terminals LLC | 349 | $100M | $287,410 |
| American President Lines, LLC Retirement Account Plan | American President Lines, LLC | 892 | $59.3M | $66,427 |
| Teamsters Joint Council No. 83 of Virginia Pension Fund | Teamsters Joint Council No. 83 of Virginia Pension Fund | 7,759 | $1.47B | $189,788 |
Defined benefit plans in transportation and warehousing closest in size.
Questions and answers
How big is Tma-Ila Pension Plan?
396 participants at the end of the plan year ending 30 Sep 2025, of whom 226 were active employees, with net assets of $43,144,241. Among defined benefit plans that places it in the 250 to 499 participants band, which held 873 plans in plan year 2024.
What does Tampa Maritime Association- International Longshoremen's Assoc contribute per participant?
The filing reports $3,206,054 in employer contributions for the year, which is $14,186 per active participant; the median for plans of the same type and size was $11,032 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 $306,246 in compensation to service provider organisations, $773 per participant or 0.71% of net assets. The same-size median among plans reporting any Schedule C compensation was $413 per participant. Administrative expenses on Schedule H were $460,584. 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 Tampa Maritime Association- International Longshoremen's Assoc. Recordkeeping or administration: Lawrence C. Musgrove Assoc., Inc.. Investment advisory or management: Logan Capital Management, Inc., Regions Bank and New Tower Trust Company. Trustee or custodian: Regions Bank and New Tower Trust Company. The financial statements were audited by Anderson & Reed, LLP. 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 12 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 59-6145175, plan 001, received 12 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.