Arizona › Construction › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2025 to 31 Dec 2025
Arizona Operating Engineers Pension Plan
Sponsored by Arizona Operating Engineers Pension Trust Fund, Phoenix, AZ
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 2025, Arizona Operating Engineers Pension Plan covered 1,395 participants and held $15.0M in net assets. The plan is a defined benefit pension plan sponsored by Arizona Operating Engineers Pension Trust Fund of Phoenix, Arizona. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $11,303 per participant in plan year 2024, well below the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and well below the $100,593 median for defined benefit 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.
Schedule C lists 8 service provider organisations paid $5,000 or more, with reported compensation of $273K: $196 per participant, well below the same-size median of $325. Administrative expenses charged to the plan were $346K. 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 $46.1M in 2010 to $15.0M in 2025 (down 67%), and participants from 2,492 to 1,395 (down 44%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure, plan year 2024 | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $11,303 | $87,935 | $100,593 | $86,221 |
| Employer contributions per active participant | — | $10,593 | $13,292 | $10,244 |
| Schedule C compensation per participant | $179 | $325 | $443 | $344 |
| Schedule C compensation, share of net assets | 1.6% | 0.41% | 0.46% | 0.42% |
| Administrative expenses per participant | $238 | $513 | $596 | $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), construction (655) 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 |
|---|---|---|---|---|---|---|
| 2025 | 1,395 | $15.0M | $10,738 | — | — | $273K |
| 2024 | 1,473 | $16.6M | $11,303 | — | — | $263K |
| 2023 | 1,577 | $19.5M | $12,335 | — | — | $287K |
| 2022 | 1,638 | $21.5M | $13,109 | — | — | $528K |
| 2021 | 1,714 | $29.9M | $17,447 | — | — | $507K |
| 2020 | 1,819 | $31.2M | $17,168 | — | — | $538K |
| 2019 | 1,884 | $32.8M | $17,396 | — | — | $518K |
| 2018 | 1,971 | $32.3M | $16,407 | — | — | $548K |
| 2017 | 2,059 | $39.2M | $19,032 | — | — | $534K |
| 2016 | 2,155 | $38.8M | $17,998 | — | — | $535K |
| 2015 | 2,231 | $41.2M | $18,464 | — | — | $567K |
| 2014 | 2,194 | $46.6M | $21,233 | — | — | $543K |
| 2013 | 2,338 | $50.2M | $21,456 | — | — | $501K |
| 2012 | 2,317 | $47.1M | $20,325 | −$3,000 | — | $493K |
| 2011 | 2,380 | $47.7M | $20,024 | $7.8M | — | $524K |
| 2010 | 2,492 | $46.1M | $18,486 | $4.6M | — | $595K |
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$16,649,218
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$1,659,609
- Benefits paid$2,983,446
- Administrative expenses$346,140
- Total expenses$3,329,586
- Net income−$1,669,977
- Net transfers$0
- Net assets, end of year$14,979,241
Participants
- Active participants0
- Retired or separated, receiving benefits982
- Retired or separated, entitled to future benefits46
- Total participants, end of year1,395
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| The Segal Company | Consulting (pension); Consulting (general); Actuarial | $70,877 | $0 |
| Southwest Service Administrators | Participant communication; Copying and duplicating; Recordkeeping and information management; Contract Administrator | $63,173 | $0 |
| Verus Advisors, Inc. | Investment advisory (plan) | $53,000 | $0 |
| Spencer Fane LLP | Legal | $30,606 | $0 |
| Baldwin Moffitt Behm LLP | Accounting (including auditing) | $27,087 | $0 |
| Mosaic | Copying and duplicating | $11,851 | $0 |
| BMO Bank | Custodial (securities) | $8,577 | $0 |
| JP Morgan Asset Management | Investment management | $8,255 | $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
- Other administrative expenses$95,238
- Actuarial fees$70,877
- Investment advisory and management fees$62,722
- Contract administrator fees$54,000
- Legal fees$34,714
- IQPA audit fees$27,087
- Trustee and custodial fees$1,502
- Total administrative expenses$346,140
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)$13.1M · 87.4%
- Cash (interest and non-interest bearing)$1.1M · 7.0%
- Common/collective trusts$784K · 5.2%
- Receivables$46K · 0.3%
- Corporate debt instruments$43 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmBaldwin Moffitt Behm LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $2,000,000
- Blackout period during the year—
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
1IFrozen plan1BBenefits 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 238900: Other Specialty Trade Contractors (including site preparation).
Other plans of Arizona Operating Engineers Pension Trust Fund
| Plan | Participants | Net assets |
|---|---|---|
| Operating Engineers Local 428 Annuity Trust Fund | 8,185 | $313M |
Similar plans in Arizona
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| IBEW Local Nos 570 & 518 and Southern Az Chapt Neca Pension Plan | B of T IBEW Local Nos 570 & 518 and Southern Az Chap Neca Pension Plan | 1,529 | $119M | $77,850 |
| Taylor Morrison Cash Balance Pension Plan | Taylor Morrison, Inc. | 742 | $27.9M | $37,629 |
| Arizona Sheet Metal Pension Trust Fund | Board of Trustees Arizona Sheet Metal Pension Trust Fund | 1,698 | $124M | $72,740 |
| Arizona Bricklayers Pension Trust Fund | Board of Trustees - Arizona Bricklayers Pension Trust Fund | 649 | $33.6M | $51,799 |
| Arizona Laborers & Teamsters Pension Trust Fund | Board of Trustees Arizona Laborers & Teamsters Pension Trust Fund | 2,192 | $45.1M | $20,595 |
| Operative Plasterers and Cement Masons Local 394 Pension Trust Fund | Bot Operative Plasterers and Cement Masons Loc 394 Pension Trust Fund | 439 | $1.4M | $3,258 |
Defined benefit plans in construction closest in size.
Questions and answers
How big is Arizona Operating Engineers Pension Plan?
1,395 participants at the end of the plan year ending 31 Dec 2025, of whom 0 were active employees, with net assets of $14,979,241. 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 Arizona Operating Engineers Pension Trust Fund contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $273,426 in compensation to service provider organisations, $196 per participant or 1.8% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $346,140. 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 Arizona Operating Engineers Pension Trust Fund. Recordkeeping or administration: Southwest Service Administrators. Investment advisory or management: Verus Advisors, Inc. and JP Morgan Asset Management. Trustee or custodian: BMO Bank. The financial statements were audited by Baldwin Moffitt Behm 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 Jan 2025 to 31 Dec 2025, received by the Department of Labor on 14 Jul 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 86-6025732, plan 001, received 14 Jul 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.