California › Transportation and warehousing › 25,000 or more participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
Ilwu-Pma Pension Plan
Sponsored by Trustees of Ilwu-Pma Pension Plan, 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.
Trustees of Ilwu-Pma Pension Plan of San Francisco, California sponsors Ilwu-Pma Pension Plan, a defined benefit pension plan. Its Form 5500 for the plan year ending 30 Jun 2025 shows 25,317 participants (15,642 active) and $10.7B in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $423,068 per participant, well above the $88,040 median for defined benefit plans with 25,000 or more participants and well 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 $415M for the year ($26,518 per active participant) and benefits paid were $491M. 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 15 service provider organisations paid $5,000 or more, with reported compensation of $19.2M: $758 per participant, well above the same-size median of $143. Administrative expenses charged to the plan were $24.7M. 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 $2.14B in 2009 to $10.7B in 2024 (up 401%), and participants from 22,408 to 25,317 (up 13%).
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 | $423,068 | $88,040 | $94,853 | $86,221 |
| Employer contributions per active participant | $26,518 | $6,524 | $12,821 | $10,244 |
| Schedule C compensation per participant | $758 | $143 | $425 | $344 |
| Schedule C compensation, share of net assets | 0.18% | 0.26% | 0.43% | 0.42% |
| Administrative expenses per participant | $975 | $306 | $650 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 25,000 or more participants (215 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 | 25,317 | $10.7B | $423,068 | $415M | — | $19.2M |
| 2023 | 25,083 | $9.66B | $385,076 | $465M | — | $15.8M |
| 2022 | 25,354 | $8.65B | $341,078 | $471M | — | $15.3M |
| 2021 | 25,507 | $8.02B | $314,384 | $465M | — | $13.2M |
| 2020 | 23,773 | $8.89B | $373,960 | $459M | — | $13.9M |
| 2019 | 23,493 | $7.09B | $301,679 | $424M | — | $10.6M |
| 2018 | 23,490 | $6.85B | $291,750 | $608M | — | $11.4M |
| 2017 | 23,186 | $6.26B | $270,039 | $610M | — | $11.3M |
| 2016 | 22,462 | $5.60B | $249,418 | $611M | — | $11.6M |
| 2015 | 22,518 | $4.76B | $211,438 | $558M | — | $9.4M |
| 2014 | 21,670 | $4.57B | $211,069 | $540M | — | $8.7M |
| 2013 | 21,922 | $4.23B | $193,105 | $533M | — | $8.7M |
| 2012 | 22,233 | $3.46B | $155,610 | $515M | — | $9.2M |
| 2011 | 22,138 | $2.91B | $131,446 | $458M | — | $9.2M |
| 2010 | 22,263 | $2.73B | $122,584 | $388M | — | $8.4M |
| 2009 | 22,408 | $2.14B | $95,468 | $387M | — | $8.4M |
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$9,658,855,522
- Employer contributions$414,789,325
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$414,789,325
- Total income, including investment results$1,567,527,071
- Benefits paid$490,894,427
- Administrative expenses$24,683,321
- Total expenses$515,577,748
- Net income$1,051,949,323
- Net transfers$0
- Net assets, end of year$10,710,804,845
Participants
- Active participants15,642
- Retired or separated, receiving benefits5,888
- Retired or separated, entitled to future benefits241
- Total participants, end of year25,317
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| State Street Global Advisors | Investment management fees paid directly by plan | $3,381,035 | $0 |
| Dodge & Cox | Investment management fees paid directly by plan | $2,580,752 | $0 |
| Ilwu-Pma Benefit Plans (Salaries) | Claims processing; Recordkeeping and information management; Contract Administrator; Plan Administrator | $2,301,766 | $0 |
| Alan D. Biller & Associates | Investment advisory (plan) | $1,539,063 | $0 |
| Fixed Income Finance Pgim, Inc. | Investment management fees paid directly by plan | $1,423,614 | $0 |
| Loomis, Sayles & Company, L.P. | Investment management fees paid directly by plan | $1,409,277 | $0 |
| Ducenta Squared Asset Management | Investment management fees paid directly by plan | $1,354,101 | $0 |
| Prudential Prisa II | Investment management fees paid directly by plan | $1,341,050 | $0 |
| BlackRock Institutional Trust Co. NA | Investment management fees paid directly by plan | $1,087,189 | $0 |
| UBS Realty Investors LLC | Investment management fees paid directly by plan | $783,994 | $0 |
| Bush Gottlieb, a Law Corporation | Legal | $751,467 | $0 |
| PricewaterhouseCoopers LLP | Accounting (including auditing) | $269,468 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 3 smaller rows are not shown. 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$14,900,074
- Salaries and allowances$4,203,349
- Other administrative expenses$3,904,995
- Legal fees$886,967
- Trustee and custodial fees$329,468
- IQPA audit fees$269,468
- Actuarial fees$189,000
- Total administrative expenses$24,683,321
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$5.09B · 47.1%
- Corporate stocks$1.47B · 13.6%
- Corporate debt instruments$1.12B · 10.4%
- Registered investment companies (mutual funds)$958M · 8.9%
- Real estate$847M · 7.8%
- U.S. Government securities$775M · 7.2%
- Pooled separate accounts$336M · 3.1%
- Cash (interest and non-interest bearing)$129M · 1.2%
- Receivables$80.0M · 0.7%
- Buildings and other property used in plan operation$770K · 0.0%
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, $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
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 California
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Western Conference of Teamsters Supp Benefit Plan | Board of Trustees, Western Conference of Teamsters | 13,908 | $74.4M | $5,352 |
| Distributors Association Warehousemen's Pension Trust | Industrial Employers & Distributors Association | 2,883 | $96.6M | $33,509 |
| Siu Pacific District Pension Plan | Board of Trustees, Siu Pacific District Pension Plan | 2,049 | $119M | $57,885 |
| Retirement Plan for Employees of Matson | Matson, Inc. | 1,859 | $242M | $130,328 |
| Employers' - Warehousemen's Pension Trust Fund | Board of Trustees, Employers' - Warehousemen's | 1,733 | $88.2M | $50,892 |
| Southwest Marine Pension Trust | Board of Trustees, Southwest Marine Pension Trust | 467 | $46.5M | $99,544 |
Defined benefit plans in transportation and warehousing closest in size.
Questions and answers
How big is Ilwu-Pma Pension Plan?
25,317 participants at the end of the plan year ending 30 Jun 2025, of whom 15,642 were active employees, with net assets of $10,710,804,845. Among defined benefit plans that places it in the 25,000 or more participants band, which held 215 plans in plan year 2024.
What does Trustees of Ilwu-Pma Pension Plan contribute per participant?
The filing reports $414,789,325 in employer contributions for the year, which is $26,518 per active participant; the median for plans of the same type and size was $6,524 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 $19,183,039 in compensation to service provider organisations, $758 per participant or 0.18% of net assets. The same-size median among plans reporting any Schedule C compensation was $143 per participant. Administrative expenses on Schedule H were $24,683,321. 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 Trustees of Ilwu-Pma Pension Plan. Recordkeeping or administration: Ilwu-Pma Benefit Plans (Salaries). Investment advisory or management: Alan D. Biller & Associates. 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 14 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 94-6068576, plan 001, received 14 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.