Retirement plan

ILWU-PMA SAVINGS (401(K)) PLAN

Name: PACIFIC MARITIME ASSOCIATION - ILWU-PMA SAVINGS (401(K)) PLAN (2023) Form 5500
Creator: PACIFIC MARITIME ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ILWU-PMA SAVINGS (401(K)) PLAN, PACIFIC MARITIME ASSOCIATION

PACIFIC MARITIME ASSOCIATIONEIN 94-1126322Plan #002PY 2023

555 MARKET STREET, THIRD FLOOR - SAN FRANCISCO, CA 94105415-576-3200pmanet.orgLinkedIn51-200 employeesmaritime

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$2750M

-13.7% from 2017

Total participants

18,920

+0.4% from 2017

Average account balance

$152,077

-11.3% from 2017

Annual return

13.23%

-14.65 pp from 2017

Benchmarks

See 52 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants>=10,000

Cohort52 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$3.44B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$188K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

18,290

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

91.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$193.53M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.59%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$10

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 4 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL8+ years Service code 15 · EIN 04-2647786	Recordkeeping	$301,613
ALAN BILLER & ASSOCIATES8+ years Filed as: ALAN D BILLER ASSOCIATES INC Service code 27 · EIN 94-2854958	Advisory (Plan)	$45,000
PRICEWATERHOUSECOOPERS LLP8+ years Service code 10 · EIN 13-4008324	Accounting	$8,732
QDRO CONSULTANTS COMPANY, LLC8+ years Service code 12 · EIN 34-1820650	Direct payment from the plan; Claims ...	$6,450

Plan features & details

Pension benefit codes2E2F2G2J2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$377K

$23 / participant

Investment mgmt$302K80.0%
Other / not subdivided$75K20.0%

% of EOY assets

0.014%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PRICEWATERHOUSECOOPERS LLP
Auditor EIN: 134008324
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$152,077

$119,999+26.7%

$70,589+115.4%

$96,393+57.8%

Participation rate

95.0%

66.2%+28.8pp

68.4%+26.6pp

71.3%+23.7pp

Annual return

13.23%

20.36%-7.1pp

32.80%-19.6pp

22.88%-9.6pp

Employer contribution / active EE

$1,980

$4,602-57.0%

$2,977-33.5%

$3,239-38.9%

Participant deferral / active EE

$7,675

$4,604+66.7%

$4,569+68.0%

$5,455+40.7%

Admin fee / account holder

$21

$95-78.0%

$6,430-99.7%

$74-71.8%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL8+ years

Service code 15 · EIN 04-2647786

Recordkeeping

$301,613

ALAN BILLER & ASSOCIATES8+ years

Filed as: ALAN D BILLER ASSOCIATES INC

Service code 27 · EIN 94-2854958

Advisory (Plan)

$45,000

PRICEWATERHOUSECOOPERS LLP8+ years

Service code 10 · EIN 13-4008324

Accounting

$8,732

QDRO CONSULTANTS COMPANY, LLC8+ years

Service code 12 · EIN 34-1820650

Direct payment from the plan; Claims ...

$6,450

ILWU-PMA SAVINGS (401(K)) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ILWU-PMA SAVINGS (401(K)) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion