Walking Boss & Foremen's Pay Guarantee Plan, SAR, 2012 (FY)

SUMMARY ANNUAL REPORT

PACIFIC MARITIME ASSOCIATION WALKING BOSSES & FOREMEN'S PAY GUARANTEE PLAN

This is a summary of the annual report of the Pacific Maritime Association Walking Bosses & Foremen's Pay Guarantee Plan, EIN 94-2914940, plan 504, for the plan year July 1, 2011 through June 30, 2012. The annual report has been filed with the Employee Benefits Security Administration, as required under the Employee Retirement Income Security Act of 1974 (ERISA).

Basic Financial Statement

The  value  of  plan  assets,  after  subtracting  liabilities  of  the  plan,  was  $0  as  of  the  end  of  plan  year, compared to $0 as of the beginning of the plan year. During the plan year, the plan had total income of $118,521  from  employer  contributions.  Plan  expenses  were  $118,521.  These  expenses  included $13,395 in administrative expenses and $105,126 in benefits paid to participants and beneficiaries.

Your Rights to Additional Information

You have the right to receive a copy of the full annual report, or any part thereof, on request. The items listed below are included in that report:

  1. An accountant's report.
  2. Financial information and information on payments to service providers.

To obtain a copy of the full annual report, or any part thereof, write Pacific Maritime Association at 555 Market Street, 3rd Floor, San Francisco, CA 94105, or call (415) 576-3200.

You also have the right to receive from the plan administrator, on request and at no charge, a statement of the assets and liabilities of the plan and accompanying notes, or a statement of income and expenses of the plan and accompanying notes, or both. If you request a copy of the full annual report from the plan administrator, these two statements and accompanying notes will be included as part of that report.

You also have the legally protected right to examine the annual report at the main office of the plan administrator, Pacific Maritime Association,  555 Market Street, 3rd Floor, San Francisco, CA  94105, and at the U.S. Department of Labor in Washington, D.C., or to obtain a copy from the U.S. Department of Labor upon payment of copying costs. Requests to the Department should be addressed to: Public Disclosure  Room,  Room  N-1513,  Employee  Benefits  Security  Administration,  U.S.  Department  of Labor, 200 Constitution Avenue, N.W., Washington, D.C. 20210.