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Retirement plan

MAJOR LEAGUE BASEBALL PLAYERS PENSION PLAN

PENSION COMMITTEE OF THE MLB PLAYERS BENEFIT PLANEIN 51-0185287Plan #001PY 2023
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911 RIDGEBROOK ROAD - SPARKS, MD 21152410-683-6500
Other plans on this EIN
1 filing
#002Retirement-$928.0M assets
Prospect flagsHigh retiree %Low returns

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(410) 683-6500
How to read this page

Summary metrics

Total assets (EOY)
$4247.8M
-4.6% from 2017
Total participants
9,670
-2.8% from 2017
Average account balance
$0
No prior year
Annual return
-4.08%
-5.26 pp from 2017

Benchmarks

See 831 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants1,000-4,999
Cohort831 peers
Snapshot2023
Participant deferral / active EE
$0
median $102
Employer contribution / active EE
$131,408
median $8,821
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $13,363
Admin fee / account holder
$0
median $125
Annual return
-4.08%
median 9.05%
Overall peer rank
36th percentileavg across 6 metrics

Analytics

2016 - 2025
Total assets (EOY)
Plan-year ending balance
$4.76B
Average account balance
Total assets / participants with a balance (line 6g)
$474K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
8,953
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$142.84M
Contributions per participant
Average employer and participant contribution per enrolled participant
$130K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+5.11%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 10 of 21 by compensation
ProviderService typeCompensation
BARON CAPITAL7 years
Service code 28 · EIN 13-3122938
Investment Management
$1,964,186
LSV ASSET MANAGEMENT8+ years
Service code 28 · EIN 23-2772200
Investment Management
$1,164,847
WILLIAM BLAIR4 years
Service code 28 · EIN 47-2614791
Investment Management
$1,123,942
WALTER SCOTT (BNY MELLON)4 years
Service code 28 · EIN 76-6192146
Investment Management
$807,309
PACIFIC INVESTMENT MANAGEMENT CO4 years
Service code 28 · EIN 33-0629048
Investment Management
$775,969
WESTERN ASSET MANAGEMENT CO4 years
Service code 28 · EIN 92-2705767
Investment Management
$756,312
ASSOCIATED ADMINISTRATORS LLC4 years
Service code 10 · EIN 65-1205077
Accounting
$712,023
STATE STREET BANK AND TRUST COMPANY5 years
Service code 18 · EIN 81-4017137
Investment management; Investment man...
$571,747
GALLAGHER FIDUCIARY ADVISORS LLC8+ years
Service code 17 · EIN 36-4291971
Pension Consulting
$535,991
POLEN CAPITAL MANAGEMENT3 years
Service code 28
1825 NW CORPORATE BLVD · BOCA RATON, FL 33431
Investment Management
$469,392

Enrolled actuary

1 attachment
MB

THOMAS C. CLIFFEL, FSA

HORIZON ACTUARIAL SERVICES, LLC
Enrollment #2306012
5005 ROCKSIDE ROAD
SUITE 600
INDEPENDENCE, OH 44131
(678) 317-4162
Signed 2023-12-15

Plan features & details

Pension benefit codes1B
Plan features
  • 1B
    Benefits are primarily flat dollar
    Benefits are primarily a flat dollar amount (including a dollar amount per year of service).

Opportunity flags

2 tripped
  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • InformationalHigh retiree %

    Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II
Admin total
$11.3M
$10420 / participant
  • Investment mgmt$8M73.9%
  • Contract admin$701K6.2%
  • Other / not subdivided$2M19.9%
% of EOY assets
0.267%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
WITHUMSMITH+BROWN, P.C.
Auditor EIN
222027002
Audit fees
(not subdivided)
Opinion code
Unqualified