California › Finance and insurance › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
Pacificorp/ibew Local 57 Retirement Trust Fund
Sponsored by Board of Trustees of the Pacificorp/ibew Local 57 Retirement Trust Fun, San Ramon, 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 of the Pacificorp/ibew Local 57 Retirement Trust Fun of San Ramon, California sponsors Pacificorp/ibew Local 57 Retirement Trust Fund, a cash balance pension plan. Its Form 5500 for the plan year ending 30 Jun 2025 shows 1,268 participants (699 active) and $207M in net assets.
Net assets came to $163,504 per participant, well above the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and well above 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 $3.9M for the year ($5,601 per active participant) and benefits paid were $25.2M. 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 10 service provider organisations paid $5,000 or more, with reported compensation of $932K: $735 per participant, well above the same-size median of $325. Administrative expenses charged to the plan were $1.1M. 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 $130M in 2009 to $207M in 2024 (up 59%), and participants from 2,018 to 1,268 (down 37%).
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 | $163,504 | $87,935 | $119,983 | $86,221 |
| Employer contributions per active participant | $5,601 | $10,593 | $7,849 | $10,244 |
| Schedule C compensation per participant | $735 | $325 | $352 | $344 |
| Schedule C compensation, share of net assets | 0.45% | 0.41% | 0.32% | 0.42% |
| Administrative expenses per participant | $895 | $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 | 1,268 | $207M | $163,504 | $3.9M | — | $932K |
| 2023 | 1,334 | $212M | $159,208 | $2.5M | — | $896K |
| 2022 | 1,383 | $223M | $160,894 | $8.9M | — | $940K |
| 2021 | 1,445 | $230M | $158,860 | $5.8M | — | $1.1M |
| 2020 | 1,510 | $271M | $179,740 | $6.3M | — | $1.1M |
| 2019 | 1,574 | $248M | $157,701 | $3.8M | — | $1.2M |
| 2018 | 1,635 | $266M | $162,569 | $9.8M | — | $1.3M |
| 2017 | 1,717 | $265M | $154,374 | $2.4M | — | $1.2M |
| 2016 | 1,804 | $267M | $147,775 | $7.6M | — | $1.3M |
| 2015 | 1,864 | $246M | $131,729 | $10.2M | — | $1.2M |
| 2014 | 1,928 | $253M | $131,190 | $1.4M | — | $1.0M |
| 2013 | 1,978 | $254M | $128,502 | $6.0M | — | $1.0M |
| 2012 | 2,029 | $218M | $107,669 | $9.2M | — | $1.0M |
| 2011 | 2,057 | $191M | $92,950 | $18.9M | — | $901K |
| 2010 | 2,035 | $172M | $84,495 | $16.7M | — | $940K |
| 2009 | 2,018 | $130M | $64,547 | $9.3M | — | $837K |
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$212,383,223
- Employer contributions$3,914,772
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$3,914,772
- Total income, including investment results$21,311,679
- Benefits paid$25,237,255
- Administrative expenses$1,134,991
- Total expenses$26,372,246
- Net income−$5,060,567
- Net transfers$0
- Net assets, end of year$207,322,656
Participants
- Active participants699
- Retired or separated, receiving benefits327
- Retired or separated, entitled to future benefits206
- Total participants, end of year1,268
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Benesys Administrators | Participant communication; Recordkeeping and information management; Plan Administrator; Claims processing | $239,365 | $0 |
| Segal | Actuarial | $208,796 | $0 |
| Independent Fiduciary Services | Investment advisory (plan) | $105,541 | $0 |
| Asb Capital Management LLC | Securities brokerage; Investment management; Investment advisory (plan) | $75,688 | $0 |
| Saltzman & Johnson Law Corp. | Legal | $61,387 | $0 |
| LSV Asset Management | Securities brokerage; Investment management; Investment advisory (plan) | $59,770 | $0 |
| Haynie and Company | Accounting (including auditing) | $57,966 | $0 |
| US Bank | Trustee (bank, trust company, or similar financial institution); Custodial (securities) | $57,520 | $0 |
| Fidelity Investments | Securities brokerage; Investment management; Investment advisory (plan) | $45,096 | $0 |
| Western Asset Management Company | Securities brokerage; Investment management; Investment advisory (plan) | $20,593 | $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$306,687
- Contract administrator fees$239,365
- Actuarial fees$208,796
- Other administrative expenses$188,397
- Legal fees$61,388
- IQPA audit fees$57,966
- Trustee and custodial fees$57,521
- Other trustee fees and expenses$14,871
- Total administrative expenses$1,134,991
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)$97.9M · 47.2%
- Partnership/joint venture interests$42.4M · 20.4%
- Common/collective trusts$30.2M · 14.5%
- 103-12 investment entities$21.8M · 10.5%
- Corporate stocks$11.4M · 5.5%
- Cash (interest and non-interest bearing)$3.6M · 1.7%
- Receivables$114K · 0.1%
- Buildings and other property used in plan operation$41K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmHaynie and Company
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondNo
- 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
1CCash balance or similar plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 525100: Insurance & Employee Benefit Funds.
Similar plans in California
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Delta Dental of California Cash Balance Retirement Plan | Delta Dental of California | 1,384 | $73.6M | $53,147 |
| California Casualty Management Co. Pension Plan | California Casualty Management Company | 1,075 | $162M | $150,799 |
| Pension Fund of Make-Up Artists & Hair Stylists Union - Local 798 - IATSE | Board of Trustees of Pension Fund of Makeup Artists & Hair Stylists | 1,879 | $172M | $91,309 |
| Wawanesa General Insurance Company Pension Plan | Wawanesa General Insurance Company | 922 | $94.2M | $102,217 |
| Visa Retirement Plan | Visa Inc. | 5,844 | $1.29B | $221,403 |
| Dairy Employees Union Local 17 Pension Plan | Dairy Employees Union Local 17 Pension Plan | 625 | $13.0M | $20,845 |
Defined benefit plans in finance and insurance closest in size.
Questions and answers
How big is Pacificorp/ibew Local 57 Retirement Trust Fund?
1,268 participants at the end of the plan year ending 30 Jun 2025, of whom 699 were active employees, with net assets of $207,322,656. 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 of the Pacificorp/ibew Local 57 Retirement Trust Fun contribute per participant?
The filing reports $3,914,772 in employer contributions for the year, which is $5,601 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 $931,722 in compensation to service provider organisations, $735 per participant or 0.45% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $1,134,991. 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 of the Pacificorp/ibew Local 57 Retirement Trust Fun. Recordkeeping or administration: Benesys Administrators. Investment advisory or management: Independent Fiduciary Services, Asb Capital Management LLC and LSV Asset Management. Trustee or custodian: US Bank. The financial statements were audited by Haynie and Company. 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 Jul 2024 to 30 Jun 2025, received by the Department of Labor on 15 Apr 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 87-0640888, plan 001, received 15 Apr 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.