Washington › Transportation and warehousing › 25,000 or more participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
Pacific Coast Benefits Trust Fund
Sponsored by Board of Trustees, Pacific Coast Benefits Trust Fund, Seattle, WA
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.
Pacific Coast Benefits Trust Fund is a money purchase plan sponsored by Board of Trustees, Pacific Coast Benefits Trust Fund of Seattle, Washington. For the plan year ending 30 Jun 2025 it reported 176,003 participants, 49,438 of them active, and net assets of $838M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $4,760 per participant, well below the $62,774 median for defined contribution plans with 25,000 or more participants and well below the $32,883 median for defined contribution plans in transportation and warehousing. 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 $31.7M during the year, or $642 per active participant against a same-size median of $2,417; participants contributed —. Benefits paid out totalled $46.1M.
Schedule C lists 10 service provider organisations paid $5,000 or more, with reported compensation of $4.2M: $23.94 per participant, well below the same-size median of $36.41. Administrative expenses charged to the plan were $4.5M. 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 $360M in 2009 to $838M in 2024 (up 133%), and participants from 98,512 to 176,003 (up 79%).
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 | $4,760 | $62,774 | $32,883 | $53,102 |
| Employer contributions per active participant | $642 | $2,417 | $1,396 | $2,175 |
| Schedule C compensation per participant | $23.94 | $36.41 | $113 | $123 |
| Schedule C compensation, share of net assets | 0.50% | 0.07% | 0.33% | 0.26% |
| Administrative expenses per participant | $25.81 | $38.81 | $97.79 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 25,000 or more participants (608 plans), transportation and warehousing (1,909) 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 | 176,003 | $838M | $4,760 | $31.7M | — | $4.2M |
| 2023 | 171,871 | $784M | $4,560 | $30.0M | — | $4.4M |
| 2022 | 170,750 | $731M | $4,279 | $31.1M | — | $3.6M |
| 2021 | 164,483 | $688M | $4,181 | $32.0M | — | $3.5M |
| 2020 | 155,864 | $746M | $4,787 | $32.3M | — | $3.5M |
| 2019 | 138,853 | $642M | $4,621 | $32.0M | — | $3.5M |
| 2018 | 127,827 | $619M | $4,845 | $28.7M | — | $3.6M |
| 2017 | 117,348 | $582M | $4,957 | $25.9M | — | $3.1M |
| 2016 | 113,071 | $552M | $4,881 | $24.5M | — | $3.1M |
| 2015 | 107,689 | $516M | $4,794 | $23.2M | — | $3.1M |
| 2014 | 103,470 | $505M | $4,880 | $21.7M | — | $3.0M |
| 2013 | 96,413 | $491M | $5,096 | $23.1M | — | $2.6M |
| 2012 | 95,422 | $440M | $4,610 | $19.3M | — | $2.6M |
| 2011 | 95,916 | $414M | $4,316 | $19.1M | — | $2.4M |
| 2010 | 96,923 | $406M | $4,193 | $18.2M | — | $2.4M |
| 2009 | 98,512 | $360M | $3,652 | $19.7M | — | $2.4M |
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$783,650,318
- Employer contributions$31,738,163
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$31,738,163
- Total income, including investment results$104,773,034
- Benefits paid$46,074,435
- Administrative expenses$4,543,174
- Total expenses$50,617,609
- Net income$54,155,425
- Net transfers$0
- Net assets, end of year$837,805,743
Participants
- Active participants49,438
- Retired or separated, receiving benefits272
- Retired or separated, entitled to future benefits125,309
- Participants with account balances176,003
- Total participants, end of year176,003
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Northwest Administrators Inc. | Accounting (including auditing); Contract Administrator | $2,655,920 | $0 |
| Washington Capital Management, Inc. | Investment management | $793,091 | $0 |
| Allspring Global Investments | Investment management; Other services | $335,398 | $0 |
| Wilmington Trust, NA | Custodial (securities); Investment management | $167,003 | $0 |
| Alan Biller & Associates | Investment advisory (plan) | $97,733 | $0 |
| Abracadabra | Copying and duplicating | $89,278 | $0 |
| Miller Kaplan Arase LLP | Accounting (including auditing) | $23,500 | $0 |
| Annuities West, Inc. | Consulting (pension) | $2,600 | $18,491 |
| BlackRock Institutional Trust Co. | Trustee (bank, trust company, or similar financial institution); Trustee (discretionary) | $20,113 | $0 |
| Propel Insurance | Insurance agents and brokers | $0 | $9,898 |
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
- Contract administrator fees$2,235,966
- Investment advisory and management fees$1,427,857
- Other administrative expenses$404,819
- Recordkeeping fees$207,803
- Trustee and custodial fees$167,003
- Other trustee fees and expenses$47,755
- Legal fees$28,471
- IQPA audit fees$23,500
- Total administrative expenses$4,543,174
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)$314M · 37.4%
- 103-12 investment entities$263M · 31.3%
- Common/collective trusts$110M · 13.1%
- Corporate stocks$64.6M · 7.7%
- U.S. Government securities$51.6M · 6.1%
- Other investments$33.7M · 4.0%
- Receivables$2.6M · 0.3%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmMiller Kaplan Arase LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- 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
2CMoney purchase (other than target benefit) plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 488990: Other Support Activities for Transportation.
Similar plans in Washington
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Expeditors International of Washington, Inc. 401(k) Plan | Expeditors International of Washington, Inc. | 9,383 | $1.20B | $127,364 |
| Alaska Airlines, Inc. Cops, MRP & Dispatch 401(k) Plan | Alaska Airlines, Inc. | 8,721 | $929M | $106,487 |
| Alaska Airlines, Inc. Flight Attendant 401(k) Plan | Alaska Airlines, Inc. | 7,547 | $1.02B | $134,899 |
| Horizon Air Savings Investment Plan | Horizon Air Industries, Inc. | 5,203 | $631M | $121,289 |
| Alaska Airlines, Inc. Alaskasaver Plan | Alaska Airlines, Inc. | 4,426 | $762M | $172,066 |
| Alaska Airlines, Inc. Pilots Investment and Savings Plan | Alaska Airlines, Inc. | 4,087 | $2.61B | $639,110 |
Defined contribution plans in transportation and warehousing closest in size.
Questions and answers
How big is Pacific Coast Benefits Trust Fund?
176,003 participants at the end of the plan year ending 30 Jun 2025, of whom 49,438 were active employees, with net assets of $837,805,743. Among defined contribution plans that places it in the 25,000 or more participants band, which held 608 plans in plan year 2024.
What does Board of Trustees, Pacific Coast Benefits Trust Fund contribute per participant?
The filing reports $31,738,163 in employer contributions for the year, which is $642 per active participant; the median for plans of the same type and size was $2,417 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 $4,213,025 in compensation to service provider organisations, $23.94 per participant or 0.50% of net assets. The same-size median among plans reporting any Schedule C compensation was $36.41 per participant. Administrative expenses on Schedule H were $4,543,174. 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, Pacific Coast Benefits Trust Fund. Recordkeeping or administration: Northwest Administrators Inc.. Investment advisory or management: Washington Capital Management, Inc., Allspring Global Investments and Wilmington Trust, NA. Trustee or custodian: Wilmington Trust, NA and BlackRock Institutional Trust Co.. The financial statements were audited by Miller Kaplan Arase 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 Jul 2024 to 30 Jun 2025, received by the Department of Labor on 30 Mar 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 91-1032878, plan 001, received 30 Mar 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.