California › Administrative and support and waste management services › 500 to 999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Ocu Pension Trust
Sponsored by Trustees of the Ocu Pension Trust, Covina, CA
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. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Trustees of the Ocu Pension Trust of Covina, California sponsors Ocu Pension Trust, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 925 participants (538 active) and $273M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $295,208 per participant, well above the $86,583 median for defined benefit plans with 500 to 999 participants and well above the $84,727 median for defined benefit plans in administrative and support and waste management services. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Employer contributions were $27.3M for the year ($50,665 per active participant) and benefits paid were $17.0M. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
Schedule C lists 12 service provider organisations paid $5,000 or more, with reported compensation of $823K: $889 per participant, well above the same-size median of $377. Administrative expenses charged to the plan were $1.2M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $71.9M in 2009 to $273M in 2024 (up 280%), and participants from 710 to 925 (up 30%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $295,208 | $86,583 | $84,727 | $86,221 |
| Employer contributions per active participant | $50,665 | $10,758 | $14,385 | $10,244 |
| Schedule C compensation per participant | $889 | $377 | $328 | $344 |
| Schedule C compensation, share of net assets | 0.30% | 0.48% | 0.55% | 0.42% |
| Administrative expenses per participant | $1,307 | $591 | $508 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 500 to 999 participants (873 plans), administrative and support and waste management services (58) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 925 | $273M | $295,209 | $27.3M | — | $823K |
| 2023 | 891 | $246M | $275,785 | $16.9M | — | $909K |
| 2022 | 905 | $213M | $234,920 | $15.8M | — | $770K |
| 2021 | 936 | $240M | $256,224 | $14.7M | — | $592K |
| 2020 | 874 | $211M | $241,029 | $13.0M | — | $635K |
| 2019 | 858 | $189M | $220,413 | $12.2M | — | $650K |
| 2018 | 826 | $163M | $197,854 | $11.1M | — | $569K |
| 2017 | 807 | $173M | $214,167 | $11.3M | — | $576K |
| 2016 | 804 | $150M | $187,014 | $8.6M | — | $499K |
| 2015 | 784 | $140M | $178,281 | $11.3M | — | $503K |
| 2014 | 753 | $139M | $184,082 | $11.5M | — | $441K |
| 2013 | 713 | $128M | $178,909 | $17.5M | — | $551K |
| 2012 | 705 | $103M | $145,709 | $7.0M | — | $354K |
| 2011 | 704 | $89.6M | $127,286 | $7.6M | — | $421K |
| 2010 | 701 | $84.3M | $120,265 | $7.0M | — | $478K |
| 2009 | 710 | $71.9M | $101,237 | $7.8M | — | $673K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$245,723,959
- Employer contributions$27,257,926
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$27,257,926
- Total income, including investment results$45,565,639
- Benefits paid$17,012,624
- Administrative expenses$1,209,343
- Total expenses$18,221,967
- Net income$27,343,672
- Net transfers$0
- Net assets, end of year$273,067,631
Participants
- Active participants538
- Retired or separated, receiving benefits328
- Retired or separated, entitled to future benefits31
- Total participants, end of year925
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Horizon Actuarial Services, LLC | Actuarial | $339,143 | $0 |
| Pacific Southwest Administrators | Contract Administrator | $118,644 | $0 |
| Ullico Investment Advisors, Inc. | Investment management | $82,535 | $0 |
| Asb Capital Management | Investment management | $81,186 | $0 |
| Meketa Investment Group | Consulting (pension); Investment advisory (plan) | $60,000 | $0 |
| Ameriprise Trust Company | 'Soft dollars' commissions; Other investment fees and expenses; Non-monetary compensation; Float revenue | $38,506 | $0 |
| Henningfield and Associates, Inc. | Accounting (including auditing) | $25,730 | $0 |
| State Street Global Advisors | Custodial (securities); Custodial (other than securities) | $25,388 | $0 |
| Paul Hastings LLP | Legal | $19,677 | $0 |
| Haney & Shah, LLP | Legal | $13,875 | $0 |
| US Bank | Custodial (securities) | $9,575 | $0 |
| US Bank | Other services | $8,519 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Actuarial fees$339,143
- Legal fees$318,755
- Investment advisory and management fees$294,427
- Contract administrator fees$118,644
- Other administrative expenses$83,190
- IQPA audit fees$25,730
- Trustee and custodial fees$18,094
- Other trustee fees and expenses$11,360
- Total administrative expenses$1,209,343
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Common/collective trusts$152M · 55.5%
- Partnership/joint venture interests$62.1M · 22.7%
- Registered investment companies (mutual funds)$30.2M · 11.1%
- 103-12 investment entities$13.2M · 4.8%
- Cash (interest and non-interest bearing)$12.4M · 4.6%
- Receivables$3.7M · 1.3%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmHenningfield & Associates, Inc.
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1BBenefits are primarily flat dollar (includes dollars per year of service)1FCode section 414(k) arrangement
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 561110: Office Administrative Services.
Similar plans in California
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Office and Professional Employee Pension Trust Fund | Board of Trustees of the Office and Professional Employees Pension Tru | 1,598 | $225M | $140,895 |
| Opeiu Locals 30 & 537 Retirement Fund | Board of Trustees, Opeiu Locals 30 & 537 | 2,022 | $152M | $74,961 |
| Recology Defined Benefit Pension Plan | Recology Inc. | 2,296 | $575M | $250,632 |
| Western States Office & Professional Employees Pen | Western States Office & Professional Emp | 6,631 | $601M | $90,625 |
| IUOE Stationary Engineers Local 39 Pension Plan | Bot of IUOE Stationary Engineers Local 39 Pension Plan | 10,962 | $1.95B | $177,837 |
Defined benefit plans in administrative and support and waste management services closest in size.
Questions and answers
How big is Ocu Pension Trust?
925 participants at the end of the plan year ending 31 Dec 2024, of whom 538 were active employees, with net assets of $273,067,631. Among defined benefit plans that places it in the 500 to 999 participants band, which held 873 plans in plan year 2024.
What does Trustees of the Ocu Pension Trust contribute per participant?
The filing reports $27,257,926 in employer contributions for the year, which is $50,665 per active participant; the median for plans of the same type and size was $10,758 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $822,778 in compensation to service provider organisations, $889 per participant or 0.30% of net assets. The same-size median among plans reporting any Schedule C compensation was $377 per participant. Administrative expenses on Schedule H were $1,209,343. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Trustees of the Ocu Pension Trust. Recordkeeping or administration: Pacific Southwest Administrators. Investment advisory or management: Ullico Investment Advisors, Inc., Asb Capital Management and Meketa Investment Group. Trustee or custodian: State Street Global Advisors and US Bank. The financial statements were audited by Henningfield & Associates, Inc.. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 13 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 26-1574440, plan 001, received 13 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.