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Retirement plan

MAJOR LEAGUE BASEBALL PLAYERS INVESTMENT PLAN

PENSION COMMITTEE OF MLB PLAYERS BENEFIT PLANEIN 51-0185287Plan #002PY 2024
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911 RIDGEBROOK ROAD - SPARKS, MD 21152410-683-6500
Other plans on this EIN
1 filing
#001Retirement-$4.65B assets
Prospect flagsCorrective distributions

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)
$1082.3M
-13.6% from 2017
Total participants
4,603
-2.7% from 2017
Average account balance
$248,637
-11.0% from 2017
Annual return
16.22%
-13.49 pp from 2017

Benchmarks

See 161 peers
Peer group
Industry71 - Arts, Entertainment, and Recreation
Plan typeDefined contribution
Participants1,000-4,999
Cohort161 peers
Snapshot2024
Participant deferral / active EE
$6,668
median $2,351
Employer contribution / active EE
$8,957
median $1,009
Participation rate
94.3%
median 58.6%
Avg account balance
$248,637
median $47,586
Admin fee / account holder
$218
median $97
Annual return
16.22%
median 14.53%
Overall peer rank
74th 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 10 by compensation
ProviderService typeCompensation
VANGUARD FIDUCIARY TRUST CO.8 years
Service code 28 ยท EIN 23-2186884
Investment Management
$310,429
ASSOCIATED ADMINISTRATORS LLC1 year
Service code 10 ยท EIN 65-1205077
Accounting
$170,820
BREDHOFF & KAISER1 year
Service code 29 ยท EIN 52-0969534
Legal
$75,925
WITHUM SMITH & BROWN PC1 year
Service code 10 ยท EIN 22-2027092
Accounting
$66,560
SCHULTHEIS & PANETTIERI LLP1 year
Service code 10 ยท EIN 13-1577780
Accounting
$60,000
MORGAN LEWIS & BOCKIUS LLP1 year
Service code 29 ยท EIN 23-0891050
Legal
$54,144
GALLAGHER FIDUCIARY ADVISORS LLC1 year
Service code 17 ยท EIN 36-4291971
Pension Consulting
$44,214
HORIZON ACTUARIAL SERVICES LLC1 year
Service code 11 ยท EIN 26-1370698
Actuarial
$23,583
SEGAL SELECT INSURANCE SERVICES8 years
Service code 22
Insurance Broker
$12,480
SEGAL SELECT INSURANCE SERVICES INC1 year
Service code 22 ยท EIN 46-0619194
Insurance Broker
$0

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
  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II
Admin total
$948K
$216 / participant
  • Recordkeeping$307K32.4%
  • Trustee / custodial$4K0.4%
  • Investment mgmt$48K5.1%
  • Legal$130K13.7%
  • Actuarial$24K2.5%
  • Contract admin$171K18.0%
  • Other / not subdivided$264K27.9%
% of EOY assets
0.088%
all-in expense ratio
Categories reported
6 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
SCHULTHEIS & PANETTIERI LLP
Auditor EIN
131577780
Audit fees
$126,560
Opinion code
Unqualified