California › Construction › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Sep 2024 to 31 Aug 2025
Northern California Carpenters 401(k) Trust Fund
Sponsored by Board of Trustees, Northern California Carpenters 401(k) Trust Fund, Oakland, 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.
Board of Trustees, Northern California Carpenters 401(k) Trust Fund of Oakland, California sponsors Northern California Carpenters 401(k) Trust Fund, a 401(k) plan. Its Form 5500 for the plan year ending 31 Aug 2025 shows 4,756 participants (4,597 active) and $250M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $52,565 per participant, close to the $50,295 median for defined contribution plans with 1,000 to 4,999 participants and close to the $54,962 median for defined contribution plans in construction. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $721K during the year, or $157 per active participant against a same-size median of $2,045; participants contributed $24.8M and $728K arrived as rollovers and other contributions. Benefits paid out totalled $16.4M.
Schedule C lists 8 service provider organisations paid $5,000 or more, with reported compensation of $670K: $141 per participant, well above the same-size median of $82.08. Administrative expenses charged to the plan were $776K. 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 $13.6M in 2009 to $250M in 2024 (up 1735%), and participants from 745 to 4,756 (up 538%).
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 DC plans |
|---|---|---|---|---|
| Net assets per participant | $52,565 | $50,295 | $54,962 | $53,102 |
| Employer contributions per active participant | $157 | $2,045 | $2,728 | $2,175 |
| Schedule C compensation per participant | $141 | $82.08 | $162 | $123 |
| Schedule C compensation, share of net assets | 0.27% | 0.17% | 0.33% | 0.26% |
| Administrative expenses per participant | $163 | $82.20 | $166 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 1,000 to 4,999 participants (10,207 plans), construction (4,204) and all US plans (63,460). 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 | 4,756 | $250M | $52,565 | $721K | $24.8M | $670K |
| 2023 | 4,434 | $215M | $48,546 | $730K | $22.7M | $633K |
| 2022 | 3,861 | $176M | $45,578 | $695K | $21.8M | $567K |
| 2021 | 3,851 | $149M | $38,726 | $761K | $20.7M | $530K |
| 2020 | 3,460 | $166M | $48,025 | $490K | $18.2M | $505K |
| 2019 | 3,062 | $127M | $41,423 | $582K | $17.3M | $490K |
| 2018 | 2,661 | $98.5M | $37,029 | $606K | $16.6M | $698K |
| 2017 | 2,223 | $83.0M | $37,331 | $599K | $12.7M | $340K |
| 2016 | 1,825 | $68.0M | $37,245 | $248K | $10.6M | $220K |
| 2015 | 1,472 | $50.0M | $33,979 | $314K | $8.1M | $196K |
| 2014 | 1,219 | $40.7M | $33,390 | $290K | $6.5M | $166K |
| 2013 | 1,023 | $37.2M | $36,345 | $288K | $5.1M | $160K |
| 2012 | 929 | $30.5M | $32,834 | $258K | $4.8M | $274K |
| 2011 | 841 | $25.1M | $29,899 | $282K | $4.4M | $157K |
| 2010 | 804 | $19.2M | $23,846 | $207K | $4.4M | $154K |
| 2009 | 745 | $13.6M | $18,283 | — | $4.5M | $121K |
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$215,252,707
- Employer contributions$720,501
- Participant contributions$24,770,251
- Rollovers and other contributions$727,778
- Total contributions$26,218,530
- Total income, including investment results$51,903,709
- Benefits paid$16,382,559
- Administrative expenses$776,489
- Total expenses$17,159,048
- Net income$34,744,661
- Net transfers$0
- Net assets, end of year$249,997,368
Participants
- Active participants4,597
- Retired or separated, receiving benefits4
- Retired or separated, entitled to future benefits144
- Participants with account balances4,244
- Total participants, end of year4,756
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| John Hancock | Recordkeeping and information management | $292,666 | $0 |
| C.f.a.o | Plan Administrator | $248,708 | $0 |
| World Investment Advisors, LLC | Investment advisory (plan) | $41,774 | $0 |
| Eide Bailly LLP | Accounting (including auditing) | $26,980 | $0 |
| Opus Investment Advisors, LLC | Custodial (securities) | $22,520 | $0 |
| Kraw Law Group | Legal | $17,703 | $0 |
| Weinberg | Legal | $14,515 | $0 |
| Segal Select Insurance Services, in | Insurance services | $0 | $5,087 |
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
- Trustee and custodial fees$305,662
- Contract administrator fees$248,708
- Other administrative expenses$108,956
- Investment advisory and management fees$41,774
- Legal fees$32,218
- IQPA audit fees$26,980
- Other trustee fees and expenses$12,191
- Total administrative expenses$776,489
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.
- Registered investment companies (mutual funds)$234M · 93.3%
- Participant loans$10.2M · 4.1%
- Insurance company general account$4.6M · 1.8%
- Cash (interest and non-interest bearing)$1.3M · 0.5%
- Receivables$563K · 0.2%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmEide Bailly LLP
- Participant contributions reported as transmitted lateYes, $2,820,840
- Covered by a fidelity bondYes, $2,000,000
- 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
2EProfit-sharing plan2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 236200: Nonresidential Building Construction.
Similar plans in California
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Freedom Forever LLC 401(k) Plan | Freedom Forever LLC | 4,815 | $8.8M | $1,833 |
| Orange County Ibew-Neca Electrical Workers Defined Contribution Pension Plan | Board of Trustees, Orange County Ibew-Neca Electrical | 4,741 | $335M | $70,711 |
| Interior Logic Group 401(k) Plan | Interior Logic Group Holdings IV, LLC | 5,167 | $154M | $29,762 |
| Tutor Perini 401(k) Retirement Savings Plan | Tutor Perini Corporation | 4,614 | $471M | $102,099 |
| Pride Industries 401(k) Retirement Plan | Pride Industries | 5,784 | $160M | $27,611 |
| Swinerton 401(k) & Savings Plan | Swinerton Incorporated | 4,433 | $832M | $187,573 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is Northern California Carpenters 401(k) Trust Fund?
4,756 participants at the end of the plan year ending 31 Aug 2025, of whom 4,597 were active employees, with net assets of $249,997,368. Among defined contribution plans that places it in the 1,000 to 4,999 participants band, which held 10,207 plans in plan year 2024.
What does Board of Trustees, Northern California Carpenters 401(k) Trust Fund contribute per participant?
The filing reports $720,501 in employer contributions for the year, which is $157 per active participant; the median for plans of the same type and size was $2,045 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 $669,953 in compensation to service provider organisations, $141 per participant or 0.27% of net assets. The same-size median among plans reporting any Schedule C compensation was $82.08 per participant. Administrative expenses on Schedule H were $776,489. 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, Northern California Carpenters 401(k) Trust Fund. Recordkeeping or administration: John Hancock and C.f.a.o. Investment advisory or management: World Investment Advisors, LLC. Trustee or custodian: Opus Investment Advisors, LLC. The financial statements were audited by Eide Bailly LLP. 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 Sep 2024 to 31 Aug 2025, received by the Department of Labor on 15 Jun 2026. 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 80-0204601, plan 001, received 15 Jun 2026; 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.