Employer · plans filed under one EIN
Board of Trustees, Pension Trust Fund for Operating
Alameda, 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.
2 retirement plans with 100 or more participants file Form 5500 under Board of Trustees, Pension Trust Fund for Operating's employer identification number (Alameda, California). Their latest filings total 74,531 participant records and $6.05B in net assets.
The largest is Pension Trust Fund for Operating Engineers, a defined benefit pension plan with 45,574 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 $404M and participant contributions $0 in the latest plan years; benefits paid were $501M. Schedule C compensation reported to service provider organisations totalled $16.7M.
Combined net assets moved from $3.06B in 2009 to $654M in 2025 (down 79%). 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 |
|---|---|---|---|---|---|---|---|
| Pension Trust Fund for Operating Engineers | defined benefit pension plan | 2024 | 45,574 | $5.40B | $118,390 | $17,354 | $15.1M |
| Pension Trust Fund for Operating Engineers Annuity Plan | money purchase plan | 2025 | 28,957 | $654M | $22,590 | $1,771 | $1.6M |
| 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 |
|---|---|---|---|---|---|
| 2025 | 1 | 28,957 | $654M | $42.8M | $0 |
| 2024 | 2 | 74,517 | $5.94B | $401M | $0 |
| 2023 | 2 | 73,506 | $5.57B | $382M | $0 |
| 2022 | 2 | 72,187 | $5.21B | $381M | $0 |
| 2021 | 2 | 70,748 | $5.95B | $359M | $0 |
| 2020 | 2 | 68,882 | $5.27B | $345M | $0 |
| 2019 | 2 | 68,678 | $4.74B | $347M | $0 |
| 2018 | 2 | 71,291 | $4.16B | $344M | $0 |
| 2017 | 2 | 66,231 | $4.32B | $337M | $0 |
| 2016 | 2 | 65,032 | $3.89B | $296M | $0 |
| 2015 | 2 | 65,218 | $3.71B | $282M | $27K |
| 2014 | 2 | 75,607 | $3.74B | $243M | $0 |
| 2013 | 2 | 63,684 | $3.66B | $222M | $0 |
| 2012 | 2 | 62,979 | $3.23B | $203M | $0 |
| 2011 | 2 | 63,277 | $3.04B | $189M | $0 |
| 2010 | 2 | 63,393 | $3.18B | $162M | $0 |
| 2009 | 2 | 64,925 | $3.06B | $167M | $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 |
|---|---|---|---|
| Zenith American Solutions | Contract Administrator; Plan Administrator | 2 | $4,752,817 |
| Washington Capital Management Inc. | Investment management | 1 | $2,203,301 |
| Multi-Plan Services Agency, Inc. | Accounting (including auditing); Contract Administrator; Recordkeeping and information management | 2 | $2,142,804 |
| Sierra Investment Partners, Inc. | Investment management | 1 | $1,049,505 |
| J.P. Morgan Investment Management | Investment management | 1 | $890,911 |
| Saltzman & Johnson | Legal | 1 | $870,629 |
| Transamerica Retirement Solutions | Contract Administrator | 1 | $835,768 |
| Investment Performance Services | Investment advisory (plan) | 1 | $606,603 |
| Amalgamated Bank of Chicago | Investment management | 1 | $540,499 |
| Asb Capital MGMT | Investment management | 1 | $536,563 |
| Chartwell Investment Partners | Investment management | 1 | $449,210 |
| Horizon Actuarial Services LLC | Actuarial | 2 | $404,425 |
| McMorgan & Company LLC | Investment management | 1 | $321,212 |
| Morgan Stanley Smith Barney | Investment management | 1 | $160,000 |
| Saltzman & Johnson | Legal | 1 | $77,725 |
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, Pension Trust Fund for Operating have?
2 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: Pension Trust Fund for Operating Engineers and Pension Trust Fund for Operating Engineers Annuity Plan. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does Board of Trustees, Pension Trust Fund for Operating contribute to its plans?
$403,611,402 in employer contributions across these plans in their latest plan years, about $8,981 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 Zenith American Solutions, Washington Capital Management Inc., Multi-Plan Services Agency, Inc. and Sierra Investment Partners, Inc. 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.