Employer · plans filed under one EIN
Board of Trustees of U. a. Local 38 Trust Funds
San Francisco, CA · Construction
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
Board of Trustees of U. a. Local 38 Trust Funds, based in San Francisco, California, sponsors 2 retirement plans with 100 or more participants: 1 defined contribution and 1 defined benefit. Together they reported 5,046 participant records and $762M in net assets.
The largest is U. a. Local 38 Defined Benefit Pension Plan, a defined benefit pension plan with 2,816 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $48.4M and participant contributions $184K in the latest plan years; benefits paid were $45.5M. Schedule C compensation reported to service provider organisations totalled $4.2M.
Combined net assets moved from $188M in 2010 to $762M in 2024 (up 305%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| U. a. Local 38 Defined Benefit Pension Plan | defined benefit pension plan | 2024 | 2,816 | $553M | $196,260 | $26,314 | $2.9M |
| U. a. Local 38 Defined Contribution Pension Plan | money purchase plan | 2024 | 2,230 | $210M | $93,948 | $9,743 | $1.3M |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2024 | 2 | 5,046 | $762M | $48.4M | $184K |
| 2023 | 2 | 5,081 | $704M | $49.4M | $715K |
| 2022 | 2 | 5,078 | $642M | $50.8M | $1.1M |
| 2021 | 2 | 5,189 | $601M | $43.5M | $0 |
| 2020 | 2 | 5,060 | $666M | $50.0M | $0 |
| 2019 | 2 | 4,923 | $520M | $55.6M | $0 |
| 2018 | 2 | 4,635 | $485M | $56.1M | $0 |
| 2017 | 2 | 4,527 | $427M | $52.5M | $0 |
| 2016 | 2 | 4,384 | $382M | $51.9M | $0 |
| 2015 | 2 | 4,333 | $321M | $47.4M | $0 |
| 2014 | 2 | 4,114 | $299M | $39.5M | $0 |
| 2013 | 2 | 3,993 | $269M | $33.8M | $0 |
| 2012 | 2 | 3,830 | $233M | $38.0M | $0 |
| 2011 | 2 | 3,678 | $193M | $27.0M | $0 |
| 2010 | 2 | 3,578 | $188M | $19.6M | $0 |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Morgan Stanley Smith Barney, LLC | Custodial (securities); Investment advisory (plan); Securities brokerage; Other services | 2 | $1,451,358 |
| Loomis Sayles & Company, LP | Investment management | 2 | $486,020 |
| Rael & Letson | Actuarial; Consulting (pension); Valuation (appraisals, etc.) | 2 | $277,153 |
| Energy Income Partners | Investment management | 2 | $240,530 |
| JP Morgan | Investment management | 2 | $205,485 |
| Withumsmith+brown PC | Accounting (including auditing) | 2 | $170,237 |
| Law Firm of James P. Baker | Legal | 2 | $160,478 |
| Geneva Capital | Investment management | 1 | $124,195 |
| Copeland | Investment management | 2 | $119,880 |
| Alliance Bernstein | Investment management | 2 | $119,144 |
| Sit Investments Fi | Investment management | 1 | $103,990 |
| Stonebridge | Investment management | 1 | $73,267 |
| Riverbridge Partners LLC | Investment management | 1 | $62,554 |
| Polen Captial Management, LLC | Investment management | 1 | $31,898 |
| American Century | Investment management | 1 | $28,951 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does Board of Trustees of U. a. Local 38 Trust Funds have?
2 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: U. a. Local 38 Defined Benefit Pension Plan and U. a. Local 38 Defined Contribution Pension Plan. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does Board of Trustees of U. a. Local 38 Trust Funds contribute to its plans?
$48,421,221 in employer contributions across these plans in their latest plan years, about $18,474 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Morgan Stanley Smith Barney, LLC, Loomis Sayles & Company, LP, Rael & Letson and Energy Income Partners and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.