Texas › Transportation and warehousing › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Oct 2024 to 30 Sep 2025
Maritime Association - I.L.A. Retirement Fund
Sponsored by The Board of Trustees of the Maritime Assoc. - I.l.a Retirement Plan, Houston, TX
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, Maritime Association - I.L.A. Retirement Fund covered 5,289 participants and held $1.04B in net assets. The plan is a 401(k) plan sponsored by The Board of Trustees of the Maritime Assoc. - I.l.a Retirement Plan of Houston, Texas. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $195,858 per participant, well above the $64,499 median for defined contribution plans with 5,000 to 24,999 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 $82.1M during the year, or $16,905 per active participant against a same-size median of $2,424; participants contributed $6.5M and $409K arrived as rollovers and other contributions. Benefits paid out totalled $56.8M.
Schedule C lists 9 service provider organisations paid $5,000 or more, with reported compensation of $1.0M: $197 per participant, well above the same-size median of $53.38. Administrative expenses charged to the plan were $1.4M. 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 $743M in 2022 to $1.04B in 2024 (up 40%), and participants from 5,082 to 5,289 (up 4%).
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 | $195,858 | $64,499 | $32,883 | $53,102 |
| Employer contributions per active participant | $16,905 | $2,424 | $1,396 | $2,175 |
| Schedule C compensation per participant | $197 | $53.38 | $113 | $123 |
| Schedule C compensation, share of net assets | 0.10% | 0.09% | 0.33% | 0.26% |
| Administrative expenses per participant | $259 | $54.85 | $97.79 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 5,000 to 24,999 participants (2,605 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 | 5,289 | $1.04B | $195,858 | $82.1M | $6.5M | $1.0M |
| 2023 | 5,333 | $901M | $168,920 | $65.9M | $5.2M | $858K |
| 2022 | 5,082 | $743M | $146,113 | $63.8M | $4.7M | $914K |
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$900,849,515
- Employer contributions$82,092,749
- Participant contributions$6,482,597
- Rollovers and other contributions$408,805
- Total contributions$88,984,151
- Total income, including investment results$193,414,232
- Benefits paid$56,754,654
- Administrative expenses$1,369,042
- Total expenses$58,368,409
- Net income$135,045,823
- Net transfers$0
- Net assets, end of year$1,035,895,338
Participants
- Active participants4,856
- Retired or separated, receiving benefits152
- Retired or separated, entitled to future benefits168
- Participants with account balances4,815
- Total participants, end of year5,289
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Vanguard | Recordkeeping fees | $482,207 | $0 |
| Maritime Association | Plan Administrator | $233,765 | $0 |
| Segal Select Insurance | Insurance brokerage commissions and fees | $103,165 | $0 |
| Investment Performance Services | Investment advisory (plan) | $93,696 | $0 |
| McConnell & Jones, LLP | Accounting (including auditing) | $65,498 | $0 |
| CM Law PLLC | Legal | $18,785 | $0 |
| Rockit Consulting | Consulting (general) | $16,576 | $0 |
| US Bank | Custodial (securities) | $15,568 | $0 |
| Byrne Software | Recordkeeping and information management | $10,906 | $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$596,314
- Salaries and allowances$257,718
- Other administrative expenses$213,354
- Recordkeeping fees$212,324
- IQPA audit fees$65,498
- Legal fees$19,051
- Valuation and appraisal fees$4,783
- Total administrative expenses$1,369,042
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$788M · 76.1%
- Registered investment companies (mutual funds)$210M · 20.3%
- Receivables$37.6M · 3.6%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmMcConnell & Jones LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- 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 plan2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 488300: Support Activities for Water Transportation.
Other plans of The Board of Trustees of the Maritime Assoc. - I.l.a Retirement Plan
| Plan | Participants | Net assets |
|---|---|---|
| The Maritime Association - I.L.A. Pension Fund | 2,309 | $165M |
Similar plans in Texas
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Daseke, Inc. 401(k) Retirement Plan | Daseke Companies, Inc. | 5,555 | $115M | $20,734 |
| Targa Resources 401(k) and Profit Sharing Plan | Targa Resources LLC | 4,147 | $613M | $147,731 |
| M1 Support Services, L.P. 401(k) Plan | M1 Support Services, L.P. | 6,024 | $172M | $28,479 |
| Plains All American 401(k) Plan | Plains All American GP LLC | 3,907 | $625M | $160,026 |
| Tforce Holdings USA, Inc. 401(k) Plan | Tforce Holdings USA, Inc. | 6,465 | $300M | $46,385 |
| Uber Freight Retirement Savings Plan | Uber Freight US LLC | 3,778 | $213M | $56,252 |
Defined contribution plans in transportation and warehousing closest in size.
Questions and answers
How big is Maritime Association - I.L.A. Retirement Fund?
5,289 participants at the end of the plan year ending 30 Sep 2025, of whom 4,856 were active employees, with net assets of $1,035,895,338. Among defined contribution plans that places it in the 5,000 to 24,999 participants band, which held 2,605 plans in plan year 2024.
What does The Board of Trustees of the Maritime Assoc. - I.l.a Retirement Plan contribute per participant?
The filing reports $82,092,749 in employer contributions for the year, which is $16,905 per active participant; the median for plans of the same type and size was $2,424 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 $1,040,166 in compensation to service provider organisations, $197 per participant or 0.10% of net assets. The same-size median among plans reporting any Schedule C compensation was $53.38 per participant. Administrative expenses on Schedule H were $1,369,042. 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 The Board of Trustees of the Maritime Assoc. - I.l.a Retirement Plan. Recordkeeping or administration: Vanguard, Maritime Association and Byrne Software. Investment advisory or management: Investment Performance Services. Trustee or custodian: US Bank. The financial statements were audited by McConnell & Jones 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 15 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 74-1721447, plan 002, received 15 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.