Pennsylvania › Arts, entertainment and recreation › 5,000 to 24,999 participants
Form 5500 statement · plan year 29 Mar 2024 to 31 Dec 2024
Minor League Baseball Players 401(k) Plan
Sponsored by The Minor League Baseball Players 401(k) Plan Committee, Pittsburgh, PA
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.
Minor League Baseball Players 401(k) Plan is a 401(k) plan sponsored by The Minor League Baseball Players 401(k) Plan Committee of Pittsburgh, Pennsylvania. For the plan year ending 31 Dec 2024 it reported 6,190 participants, 6,190 of them active, and net assets of $11.4M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $1,836 per participant, well below the $64,499 median for defined contribution plans with 5,000 to 24,999 participants and well below the $37,341 median for defined contribution plans in arts, entertainment and recreation. 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 $2.5M during the year, or $404 per active participant against a same-size median of $2,424; participants contributed $8.6M and $75K arrived as rollovers and other contributions. Benefits paid out totalled $0.
Schedule C lists 6 service provider organisations paid $5,000 or more, with reported compensation of $535K: $86.45 per participant, well above the same-size median of $53.38. Administrative expenses charged to the plan were $556K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
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 | $1,836 | $64,499 | $37,341 | $53,102 |
| Employer contributions per active participant | $404 | $2,424 | $1,567 | $2,175 |
| Schedule C compensation per participant | $86.45 | $53.38 | $89.78 | $123 |
| Schedule C compensation, share of net assets | 4.7% | 0.09% | 0.27% | 0.26% |
| Administrative expenses per participant | $89.75 | $54.85 | $83.28 | $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), arts, entertainment and recreation (1,025) and all US plans (63,460). Fee medians cover plans that report an amount.
Statement for the year
- Net assets, beginning of year$0
- Employer contributions$2,500,000
- Participant contributions$8,593,798
- Rollovers and other contributions$74,521
- Total contributions$11,168,319
- Total income, including investment results$11,966,788
- Benefits paid$0
- Administrative expenses$555,534
- Total expenses$601,650
- Net income$11,365,138
- Net transfers$0
- Net assets, end of year$11,365,138
Participants
- Active participants6,190
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits0
- Participants with account balances5,474
- Total participants, end of year6,190
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| The Vanguard Group Inc. | Recordkeeping and information management; Investment advisory (participants); Investment management | $226,213 | $0 |
| Morgan Lewis & Bockius LLP | Legal | $139,141 | $0 |
| Central Data Services, Inc. | Accounting (including auditing); Claims processing; Contract Administrator; Recordkeeping and information management; Custodial (other than securities); Copying and duplicating; Participant communication | $124,833 | $0 |
| Gallagher Fiduciary Advisors LLC | Investment advisory (plan) | $27,500 | $0 |
| Bredhoff & Kaiser PLLC | Legal | $11,132 | $0 |
| PNC Bank | Other services | $6,280 | $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
- Recordkeeping fees$226,213
- Legal fees$150,273
- Contract administrator fees$124,833
- Investment advisory and management fees$27,500
- Other administrative expenses$26,715
- Total administrative expenses$555,534
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)$8.9M · 75.7%
- Receivables$2.8M · 24.0%
- Cash (interest and non-interest bearing)$36K · 0.3%
- Buildings and other property used in plan operation$4,775 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmSchultheis & Panettieri, 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
2EProfit-sharing plan2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2TTotal or partial participant-directed account plan with a default investment account
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 711210: Spectator Sports (including sports clubs & racetracks).
Similar plans in Pennsylvania
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Asm Global Retirement & Savings Plan | Asm Global | 9,937 | $337M | $33,896 |
| IATSE Local 8 Annuity Fund | IATSE Local 8 Annuity Fund | 3,237 | $69.3M | $21,400 |
| Penn Entertainment, Inc. 401(k) Plan | Penn Entertainment, Inc. | 28,522 | $694M | $24,331 |
| Greenwood Racing Retirement Savings Plan | Greenwood Racing, Inc. | 3,089 | $111M | $36,055 |
| The Rivers Casino 401(k) Plan | Holdings Acquisition Co., L.P. | 2,122 | $54.5M | $25,694 |
| Keystone Planet Fitness Retirement Plan | Keystone NFP Acquisitions LLC | 1,702 | $8.1M | $4,739 |
Defined contribution plans in arts, entertainment and recreation closest in size.
Questions and answers
How big is Minor League Baseball Players 401(k) Plan?
6,190 participants at the end of the plan year ending 31 Dec 2024, of whom 6,190 were active employees, with net assets of $11,365,138. 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 Minor League Baseball Players 401(k) Plan Committee contribute per participant?
The filing reports $2,500,000 in employer contributions for the year, which is $404 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 $535,099 in compensation to service provider organisations, $86.45 per participant or 4.7% 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 $555,534. 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 Minor League Baseball Players 401(k) Plan Committee. Recordkeeping or administration: The Vanguard Group Inc. and Central Data Services, Inc.. Investment advisory or management: The Vanguard Group Inc. and Gallagher Fiduciary Advisors LLC. Trustee or custodian: Central Data Services, Inc.. The financial statements were audited by Schultheis & Panettieri, 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 29 Mar 2024 to 31 Dec 2024, received by the Department of Labor on 14 Oct 2025. 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 99-1620531, plan 001, received 14 Oct 2025; 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.