Maryland › Finance and insurance › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Operating Engineers Pension Trust Fund of Washington D.C. and Vicinity
Sponsored by Board of Trustees, Operating Engineers Pension Trust Fund of Washingto, Sparks, MD
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.
In the plan year ending 31 Dec 2024, Operating Engineers Pension Trust Fund of Washington D.C. and Vicinity covered 2,896 participants and held $203M in net assets. The plan is a defined benefit pension plan sponsored by Board of Trustees, Operating Engineers Pension Trust Fund of Washingto of Sparks, Maryland. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $70,086 per participant, well below the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and well below the $119,983 median for defined benefit plans in finance and insurance. 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 $11.0M for the year ($8,542 per active participant) and benefits paid were $15.9M. 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 11 service provider organisations paid $5,000 or more, with reported compensation of $942K: $325 per participant, close to the same-size median of $325. Administrative expenses charged to the plan were $1.4M. 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 $139M in 2009 to $203M in 2024 (up 46%), and participants from 2,397 to 2,896 (up 21%).
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 | $70,086 | $87,935 | $119,983 | $86,221 |
| Employer contributions per active participant | $8,542 | $10,593 | $7,849 | $10,244 |
| Schedule C compensation per participant | $325 | $325 | $352 | $344 |
| Schedule C compensation, share of net assets | 0.46% | 0.41% | 0.32% | 0.42% |
| Administrative expenses per participant | $468 | $513 | $433 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 1,000 to 4,999 participants (1,540 plans), finance and insurance (690) 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 | 2,896 | $203M | $70,086 | $11.0M | — | $942K |
| 2023 | 2,881 | $194M | $67,309 | $9.6M | — | $839K |
| 2022 | 2,830 | $186M | $65,704 | $8.7M | — | $1.4M |
| 2021 | 2,803 | $216M | $76,958 | $8.0M | — | $1.3M |
| 2020 | 2,911 | $196M | $67,491 | $8.3M | — | $0 |
| 2019 | 2,941 | $182M | $61,715 | $8.1M | — | $814K |
| 2018 | 2,750 | $163M | $59,391 | $6.6M | — | $775K |
| 2017 | 2,674 | $177M | $66,344 | $6.4M | — | $812K |
| 2016 | 2,625 | $163M | $62,241 | $6.1M | — | $759K |
| 2015 | 2,570 | $162M | $63,105 | $5.4M | — | $810K |
| 2014 | 2,478 | $167M | $67,199 | $4.6M | — | $817K |
| 2013 | 2,437 | $165M | $67,772 | $4.2M | — | $823K |
| 2012 | 2,465 | $147M | $59,482 | $4.4M | — | $781K |
| 2011 | 2,455 | $141M | $57,435 | $4.5M | — | $816K |
| 2010 | 2,514 | $149M | $59,153 | $4.3M | — | $1.2M |
| 2009 | 2,397 | $139M | $58,041 | $3.6M | — | $1.0M |
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$193,916,218
- Employer contributions$11,027,539
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$11,027,539
- Total income, including investment results$26,269,820
- Benefits paid$15,860,155
- Administrative expenses$1,356,556
- Total expenses$17,216,711
- Net income$9,053,109
- Net transfers$0
- Net assets, end of year$202,969,327
Participants
- Active participants1,291
- Retired or separated, receiving benefits684
- Retired or separated, entitled to future benefits597
- Total participants, end of year2,896
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Associated Administrators LLC | Contract Administrator | $193,365 | $0 |
| Chartwell Investment Partners | — | $154,894 | $0 |
| Wedge Capital MGMT | Investment management | $142,659 | $0 |
| Inv Performance Service | Investment advisory (plan) | $98,308 | $0 |
| Washington Capital MGMT | Investment management | $83,767 | $0 |
| Grosvenor Capital Management | Investment management | $64,176 | $0 |
| Bolton Partners | Actuarial | $56,063 | $0 |
| Times Square | Investment management fees paid directly by plan; 'Soft dollars' commissions | $53,540 | $0 |
| Calibre CPA Group, PLLC | Accounting (including auditing) | $49,724 | $0 |
| Johnston Asset Management | Investment management | $40,293 | $0 |
| Doyle Printing & Offset Co. | Other services | $5,016 | $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
- Investment advisory and management fees$879,828
- Contract administrator fees$193,365
- Other administrative expenses$148,064
- Actuarial fees$56,063
- IQPA audit fees$36,975
- Legal fees$26,223
- Recordkeeping fees$12,749
- Trustee and custodial fees$2,691
- Other trustee fees and expenses$598
- Total administrative expenses$1,356,556
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.
- Partnership/joint venture interests$63.0M · 31.0%
- Common/collective trusts$36.8M · 18.1%
- Corporate stocks$32.3M · 15.9%
- Corporate debt instruments$25.7M · 12.7%
- Pooled separate accounts$16.6M · 8.2%
- U.S. Government securities$11.9M · 5.8%
- 103-12 investment entities$10.0M · 4.9%
- Cash (interest and non-interest bearing)$4.9M · 2.4%
- Receivables$2.0M · 1.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmCalibre CPA Group, PLLC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $4,000,000
- 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)
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 525100: Insurance & Employee Benefit Funds.
Similar plans in Maryland
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Laborers District Council Pension and Disability Trust Fund No. 2 | Laborers District Council Pension and Disability Trust Fund No. 2 | 4,494 | $146M | $32,521 |
| Tower Federal Credit Union Retirement Plan | Tower Federal Credit Union | 840 | $108M | $128,620 |
| Carefirst, Inc. Retirement Plan | Carefirst, Inc. | 4,512 | $545M | $120,834 |
| Retirement Plan for Employees of Aberdeen Proving Ground Federal Credit Union | Aberdeen Proving Ground Federal Credit Union | 592 | $60.0M | $101,372 |
| United Assn Full-Time Sal Off & Emp of Locl Unions Councils, ST & Prov Pen Plan | U a Local Union Officers & Employees Pension Fund | 5,864 | $1.26B | $215,463 |
| American Postal Workers Union Health Plan Employee Pension Plan | American Postal Workers Union AFL-CIO Health Plan | 406 | $67.1M | $165,348 |
Defined benefit plans in finance and insurance closest in size.
Questions and answers
How big is Operating Engineers Pension Trust Fund of Washington D.C. and Vicinity?
2,896 participants at the end of the plan year ending 31 Dec 2024, of whom 1,291 were active employees, with net assets of $202,969,327. Among defined benefit plans that places it in the 1,000 to 4,999 participants band, which held 1,540 plans in plan year 2024.
What does Board of Trustees, Operating Engineers Pension Trust Fund of Washingto contribute per participant?
The filing reports $11,027,539 in employer contributions for the year, which is $8,542 per active participant; the median for plans of the same type and size was $10,593 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 $941,805 in compensation to service provider organisations, $325 per participant or 0.46% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $1,356,556. 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 Board of Trustees, Operating Engineers Pension Trust Fund of Washingto. Recordkeeping or administration: Associated Administrators LLC. Investment advisory or management: Wedge Capital MGMT, Inv Performance Service and Washington Capital MGMT. The financial statements were audited by Calibre CPA Group, PLLC. 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 10 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 52-6038506, plan 001, received 10 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.