California › Transportation and warehousing › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
Ilwu-Pma Savings (401(K)) Plan
Sponsored by Pacific Maritime Association, San Francisco, CA
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.
Pacific Maritime Association of San Francisco, California sponsors Ilwu-Pma Savings (401(K)) Plan, a 401(k) plan. Its Form 5500 for the plan year ending 30 Jun 2025 shows 19,810 participants (17,790 active) and $3.44B in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $173,649 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 $33.3M during the year, or $1,873 per active participant against a same-size median of $2,424; participants contributed $160M and $3.0M arrived as rollovers and other contributions. Benefits paid out totalled $266M.
Schedule C lists 4 service provider organisations paid $5,000 or more, with reported compensation of $189K: $9.52 per participant, well below the same-size median of $53.38. Administrative expenses charged to the plan were $189K. 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 $875M in 2009 to $3.44B in 2024 (up 293%), and participants from 15,093 to 19,810 (up 31%).
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 | $173,649 | $64,499 | $32,883 | $53,102 |
| Employer contributions per active participant | $1,873 | $2,424 | $1,396 | $2,175 |
| Schedule C compensation per participant | $9.52 | $53.38 | $113 | $123 |
| Schedule C compensation, share of net assets | 0.01% | 0.09% | 0.33% | 0.26% |
| Administrative expenses per participant | $9.52 | $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 | 19,810 | $3.44B | $173,649 | $33.3M | $160M | $189K |
| 2023 | 19,026 | $3.14B | $165,242 | $32.1M | $144M | $403K |
| 2022 | 18,920 | $2.75B | $145,340 | $33.1M | $128M | $362K |
| 2021 | 19,082 | $2.44B | $127,970 | $32.4M | $140M | $186K |
| 2020 | 17,360 | $2.79B | $160,656 | $29.7M | $127M | $192K |
| 2019 | 16,934 | $2.19B | $129,425 | $30.2M | $104M | $246K |
| 2018 | 17,111 | $2.17B | $127,063 | $31.1M | $107M | $212K |
| 2017 | 16,594 | $2.04B | $123,069 | $30.0M | $97.6M | $189K |
| 2016 | 16,189 | $1.83B | $113,277 | $29.1M | $90.5M | $170K |
| 2015 | 16,258 | $1.58B | $97,327 | $29.0M | $82.5M | $163K |
| 2014 | 15,176 | $1.56B | $102,872 | $28.5M | $76.9M | $130K |
| 2013 | 15,074 | $1.48B | $98,174 | $29.1M | $70.0M | $142K |
| 2012 | 15,211 | $1.25B | $81,875 | $29.1M | $64.8M | $31K |
| 2011 | 15,084 | $1.10B | $73,030 | $29.1M | $62.8M | $31K |
| 2010 | 15,050 | $1.06B | $70,385 | $28.6M | $60.1M | $32K |
| 2009 | 15,093 | $875M | $57,987 | $27.4M | $55.2M | $38K |
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$3,143,903,347
- Employer contributions$33,326,689
- Participant contributions$160,200,603
- Rollovers and other contributions$3,025,705
- Total contributions$196,552,997
- Total income, including investment results$561,779,921
- Benefits paid$265,501,873
- Administrative expenses$188,579
- Total expenses$265,701,075
- Net income$296,078,846
- Net transfers$0
- Net assets, end of year$3,439,982,193
Participants
- Active participants17,790
- Retired or separated, receiving benefits668
- Retired or separated, entitled to future benefits1,049
- Participants with account balances18,290
- Total participants, end of year19,810
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| PricewaterhouseCoopers LLP | Accounting (including auditing) | $89,592 | $0 |
| Alan D Biller Associates Inc. | Investment advisory (plan) | $61,887 | $0 |
| Fidelity Investments Institutional | Recordkeeping and information management; Custodial (securities) | $26,600 | $0 |
| Qdro Consultants Company, LLC | Claims processing | $10,500 | $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
- IQPA audit fees$89,592
- Investment advisory and management fees$61,887
- Recordkeeping fees$26,600
- Other administrative expenses$10,500
- Total administrative expenses$188,579
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$2.40B · 69.6%
- Registered investment companies (mutual funds)$824M · 24.0%
- Corporate stocks$181M · 5.3%
- Receivables$36.3M · 1.1%
- Cash (interest and non-interest bearing)$3.0M · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmPricewaterhouseCoopers 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
2JCode section 401(k) feature2TTotal or partial participant-directed account plan with a default investment account2EProfit-sharing plan2FERISA section 404(c) plan2GTotal participant-directed account plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 483000: Water Transportation.
Similar plans in California
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Supplemental Income 401(k) Plan | Board of Trustees of Supplemental Income Trust Fund | 40,848 | $1.87B | $45,668 |
| Club Futuresave Plan | Automobile Club of Southern California | 17,308 | $1.61B | $93,171 |
| Doordash 401(k) Plan | Doordash, Inc. | 13,151 | $439M | $33,357 |
| Teamsters Local Union No 572 Retirement Benefit PL | Board of Trustees, Teamsters Local Union No 572 Retirement Benefit Pla | 8,875 | $5.0M | $569 |
| Cruise, LLC Retirement Trust | Cruise, LLC | 4,033 | $489M | $121,303 |
| Los Angeles Truck Centers, LLC 401(k) Plan | Los Angeles Truck Centers, LLC | 3,423 | $139M | $40,738 |
Defined contribution plans in transportation and warehousing closest in size.
Questions and answers
How big is Ilwu-Pma Savings (401(K)) Plan?
19,810 participants at the end of the plan year ending 30 Jun 2025, of whom 17,790 were active employees, with net assets of $3,439,982,193. 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 Pacific Maritime Association contribute per participant?
The filing reports $33,326,689 in employer contributions for the year, which is $1,873 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 $188,579 in compensation to service provider organisations, $9.52 per participant or 0.01% 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 $188,579. 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 Pacific Maritime Association. Recordkeeping or administration: Fidelity Investments Institutional. Investment advisory or management: Alan D Biller Associates Inc.. Trustee or custodian: Fidelity Investments Institutional. The financial statements were audited by PricewaterhouseCoopers 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 Jul 2024 to 30 Jun 2025, received by the Department of Labor on 9 Apr 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 94-1126322, plan 002, received 9 Apr 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.