Issue link: https://pma.uberflip.com/i/1533421
Total Shoreside Payrolls Processed by PMA The data in the table below include payments to all occupations reported by PMA members for payroll purposes. Occupational categories include longshoremen, clerks, foremen, watchmen, mechanics, warehousemen, maintenance men, dispatchers, Joint Port Labor Relations Committee employees and other miscellaneous workers. Southern Northern Year California California Oregon Washington Total 2014 $ 1,192,187,058 $ 195,667,442 $ 111,167,960 $ 268,705,584 $ 1,767,728,044 2015 1,301,088,979 213,019,912 112,807,107 294,158,684 1,921,074,681 2016 1,278,431,800 213,866,138 109,398,277 290,220,941 1,891,917,156 2017 1,403,871,115 224,314,644 116,080,546 296,431,598 2,040,697,904 2018 1,482,684,001 237,293,257 120,919,588 320,706,674 2,161,603,520 2019 1,463,334,950 250,105,560 118,368,846 331,514,229 2,163,323,585 2020 1,478,588,464 248,328,781 123,571,959 289,211,614 2,139,700,818 2021 1,764,260,540 265,545,232 135,503,444 334,599,286 2,499,908,502 2022 1,800,586,667 285,570,626 153,740,206 352,448,467 2,592,345,966 2023 1,830,098,498 317,671,366 159,968,198 391,664,397 2,699,402,459 2024 $ 1,931,757,170 $ 320,300,195 $ 167,853,606 $ 414,818,242 $ 2,834,729,213 PMA also collects and transfers employer contributions to the Federal Insurance Contributions Act (FICA) accounts and State Unemployment Insurance (SUI) accounts on these payrolls. In 2024, employer FICA taxes paid were $214,022,541 and SUI taxes paid were $58,082,224. ILWU-PMA 401(k) Plan For Plan Year Ended June 30: 2024 2023 2022 2021 2020 2019 Contributions Employee $ 145,980,144 $ 132,947,440 $ 143,823,524 $ 130,743,918 $ 105,564,806 $ 108,960,961 Employer 31,714,331 33,052,778 32,219,203 29,479,351 30,093,813 30,925,613 Total Contributions $ 177,694,475 $ 166,000,218 $ 176,042,727 $ 160,223,269 $ 135,658,619 $ 139,886,574 Investment Income Net realized/unrealized appreciation $ 385,308,612 $ 277,976,324 $ (412,061,785) $ 612,719,054 $ 70,203,662 $ 68,171,441 Interest and Dividends 47,954,362 40,896,389 40,991,065 33,687,535 35,059,693 43,511,422 Less: Investment Expense - - - - - - Total Additions $ 610,957,449 $ 484,872,931 $ (195,027,993) $ 806,629,858 $ 240,921,974 $ 251,569,437 Distributions Distributions to participants (216,888,971) (176,956,640) (152,038,838) (209,328,853) (223,406,450) (119,605,065) Net Change $ 394,068,478 $ 307,916,291 $ (347,066,831) $ 597,301,005 $ 17,515,524 $ 131,964,372 Net Assets available for Benefits Beginning of year 2,749,834,869 2,441,918,578 2,788,985,409 2,191,684,404 2,174,168,880 2,042,204,508 End of year $ 3,143,903,347 $ 2,749,834,869 $ 2,441,918,578 $ 2,788,985,409 $ 2,191,684,404 $ 2,174,168,880 *Inbound from B.C. applicable to General Cargo and Lumber and Logs loaded in B.C. Assessment Rates 2024/2025 Payroll Hour Rate L/S and Clerk $34.47 $0.80 $0.96 $36.23 Walking Boss $34.47 $3.30 $0.96 $38.73 Steady Walking Boss & Foremen $40.94 $3.92 $1.14 $46.00 Offshore and Intercoastal Tonnage Rates Containers - LA/LB RUs (TEUs) $32.31 $0.04 $0.69 $0.32 $5.56 $38.92 Containers - OAK RUs (TEUs) $32.31 $0.04 $0.69 $5.56 $38.60 Containers - Other Ports RUs (TEUs) $32.31 $0.04 $0.69 $5.56 $38.60 General Cargo $ 1.901 $0.327 $ 2.228 Lumber and Logs $ 1.901 $0.327 $ 2.228 Autos and Trucks $ 0.154 $0.327 $ 0.481 Bulk Cargo $ 0.038 $0.007 $ 0.045 Coastwise and Inbound from British Columbia* Containers - LA/LB RUs (TEUs) $22.81 $0.03 $0.49 $0.22 $5.56 $29.11 Containers - OAK RUs (TEUs) $22.81 $0.03 $0.49 $5.56 $28.89 Containers - Other Ports RUs (TEUs) $22.81 $0.03 $0.49 $5.56 $28.89 General Cargo $ 0.784 $0.327 $ 1.111 Lumber and Logs $ 0.784 $0.327 $ 1.111 Autos and Trucks $ 0.063 $0.327 $ 0.390 Bulk Cargo $ 0.016 $0.007 $ 0.023 Other Assessments Benefits CFS Marine Clerk Crane Board PMA Plans Program 401(k) Work Opportunity Make Whole Cargo Dues Total 66 2024 ANNUAL REPORT S TAT I S T I C A L I N F O R M AT I O N