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Retirement plan

MAJOR LEAGUE BASEBALL PLAYERS INVESTMENT PLAN

PENSION COMMITTEE OF MLB PLAYERS BENEFIT PLANEIN 51-0185287Plan #002PY 2023
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911 RIDGEBROOK ROAD - SPARKS, MD 21152410-683-6500
Other plans on this EIN
1 filing
#001Retirement-$4.25B assets
Prospect flagsLow 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)
$928M
-13.6% from 2017
Total participants
4,503
-2.7% from 2017
Average account balance
$217,493
-11.0% from 2017
Annual return
-6.40%
-13.49 pp from 2017

Benchmarks

See 144 peers
Peer group
Industry71 - Arts, Entertainment, and Recreation
Plan typeDefined contribution
Participants1,000-4,999
Cohort144 peers
Snapshot2023
Participant deferral / active EE
$7,853
median $2,423
Employer contribution / active EE
$4,018
median $987
Participation rate
94.5%
median 57.6%
Avg account balance
$217,493
median $47,013
Admin fee / account holder
$205
median $84
Annual return
-6.40%
median 18.40%
Overall peer rank
60th percentileavg across 6 metrics

Analytics

2016 - 2025
Total assets (EOY)
Plan-year ending balance
$1.16B
Average account balance
Total assets / participants with a balance (line 6g)
$261K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
4,429
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
94.5%
Contributions (total)
Employer and participant dollars contributed each year
$76.45M
Contributions per participant
Average employer and participant contribution per enrolled participant
$17K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+5.63%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$207
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 9 by compensation
ProviderService typeCompensation
VANGUARD FIDUCIARY TRUST CO.7 years
Service code 28 ยท EIN 23-2186884
Investment Management
$315,329
ASSOCIATED ADMINISTRATORS7 years
Service code 10 ยท EIN 65-1205077
Accounting
$167,083
MORGAN, LEWIS & BOCKIUS LLP8+ years
Service code 29 ยท EIN 23-0891050
Legal
$87,191
WITHUMSMITH + BROWN, P.C1 year
Service code 10 ยท EIN 22-2027092
Accounting
$65,520
BREDHOFF & KAISER P.L.L.C8+ years
Service code 29 ยท EIN 52-0969534
Legal
$64,748
HORIZON ACTUARIAL SERVICES8+ years
Service code 17 ยท EIN 26-1370698
Pension Consulting
$24,798
SEGAL SELECT INSURANCE SERVICES7 years
Service code 22 ยท EIN 46-0619194
Insurance Broker
$13,689
GALLAGHER FIDUCIARY7 years
Service code 17 ยท EIN 36-4291971
Pension Consulting
$13,073
STATE STREET GLOBAL ADVISORS1 year
Service code 19 ยท EIN 13-6058836
Securities Custodian
$6,579

Plan features & details

Pension benefit codes2E2G
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2G
    Total participant-directed account plan
    Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.

Opportunity flags

1 tripped
  • OpportunityLow returns

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

Expense breakdown

Schedule H Part II
Admin total
$875K
$204 / participant
  • Investment mgmt$335K38.3%
  • Contract admin$167K19.1%
  • Other / not subdivided$373K42.7%
% of EOY assets
0.094%
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
222027092
Audit fees
(not subdivided)
Opinion code
Unqualified