California › Finance and insurance › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Northwest Carpenters Individual Account Pension Plan
Sponsored by Board of Trustees, Northwest Carpenters Individual Account Pension Pla, Los Angeles, 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, Northwest Carpenters Individual Account Pension Pla of Los Angeles, California sponsors Northwest Carpenters Individual Account Pension Plan, a 401(k) plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 21,456 participants (8,251 active) and $707M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $32,938 per participant, well below the $64,499 median for defined contribution plans with 5,000 to 24,999 participants and well below the $92,294 median for defined contribution 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.
The employer contributed $3.6M during the year, or $439 per active participant against a same-size median of $2,424; participants contributed $16.3M and $150K arrived as rollovers and other contributions. Benefits paid out totalled $61.3M.
Schedule C lists 9 service provider organisations paid $5,000 or more, with reported compensation of $1.4M: $65.82 per participant, above the same-size median of $53.38. Administrative expenses charged to the plan were $2.9M. 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 $314M in 2009 to $707M in 2024 (up 125%), and participants from 16,471 to 21,456 (up 30%).
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 | $32,938 | $64,499 | $92,294 | $53,102 |
| Employer contributions per active participant | $439 | $2,424 | $3,564 | $2,175 |
| Schedule C compensation per participant | $65.82 | $53.38 | $137 | $123 |
| Schedule C compensation, share of net assets | 0.20% | 0.09% | 0.17% | 0.26% |
| Administrative expenses per participant | $133 | $54.85 | $130 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 5,000 to 24,999 participants (2,605 plans), finance and insurance (4,391) 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 | 21,456 | $707M | $32,938 | $3.6M | $16.3M | $1.4M |
| 2023 | 23,478 | $676M | $28,772 | $13.4M | $18.5M | $1.3M |
| 2022 | 37,855 | $593M | $15,673 | $13.6M | $20.3M | $1.5M |
| 2021 | 34,236 | $669M | $19,551 | $17.7M | $19.5M | $1.1M |
| 2017 | 15,014 | $483M | $32,199 | $14.7M | $11.3M | $237K |
| 2016 | 14,546 | $431M | $29,653 | $12.0M | $10.0M | $213K |
| 2015 | 13,748 | $414M | $30,127 | $8.3M | $9.5M | $240K |
| 2014 | 14,343 | $412M | $28,724 | $7.6M | $5.8M | $145K |
| 2013 | 14,545 | $400M | $27,512 | $11.9M | — | $1.6M |
| 2012 | 14,777 | $361M | $24,429 | $10.9M | — | $1.5M |
| 2011 | 14,815 | $336M | $22,654 | $10.0M | — | $1.3M |
| 2010 | 15,049 | $342M | $22,715 | $10.9M | — | $1.8M |
| 2009 | 16,471 | $314M | $19,085 | $12.5M | — | $1.3M |
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$675,504,830
- Employer contributions$3,625,265
- Participant contributions$16,335,017
- Rollovers and other contributions$149,755
- Total contributions$20,110,037
- Total income, including investment results$95,400,927
- Benefits paid$61,333,376
- Administrative expenses$2,857,152
- Total expenses$64,190,528
- Net income$31,210,399
- Net transfers$0
- Net assets, end of year$706,715,229
Participants
- Active participants8,251
- Retired or separated, receiving benefits953
- Retired or separated, entitled to future benefits12,124
- Participants with account balances21,140
- Total participants, end of year21,456
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Milliman | Recordkeeping and information management | $1,032,146 | $0 |
| Alan D Biller Associates | Investment advisory (plan) | $106,667 | $0 |
| Groom Law Group | Legal | $93,750 | $0 |
| NW Carpenters Health & Security | Plan Administrator | $58,500 | $0 |
| Miller Kaplan Arase LLP | Accounting (including auditing) | $36,150 | $0 |
| NW Carpenters Retirement Plan | Plan Administrator | $31,500 | $0 |
| Pma Direct Marketing | Copying and duplicating | $25,204 | $0 |
| Shanley a Professional Corporation | Legal | $18,400 | $0 |
| Pitney Bowes Purchase Power | Other services | $10,000 | $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$1,290,844
- Contract administrator fees$1,071,785
- Other administrative expenses$240,415
- Legal fees$147,203
- Trustee and custodial fees$78,005
- IQPA audit fees$28,900
- Total administrative expenses$2,857,152
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.
- Common/collective trusts$670M · 94.7%
- Registered investment companies (mutual funds)$34.1M · 4.8%
- Cash (interest and non-interest bearing)$2.1M · 0.3%
- Receivables$1.4M · 0.2%
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 lateYes, $1,042,395
- 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) plan2JCode section 401(k) feature
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 |
|---|---|---|---|---|
| Directors Guild of America - Producer Pension Plan Supplemental Benefit Plan | Board of Trustees, Directors Guild of America - | 25,726 | $2.30B | $89,400 |
| Visa 401(k) Plan | Visa Inc. | 19,688 | $5.19B | $263,761 |
| Farmers Group, Inc. 401(k) Savings Plan | Farmers Group, Inc. | 28,962 | $4.89B | $168,943 |
| Capital Retirement Savings Plan | Capital Group Companies, Inc. | 12,306 | $8.15B | $662,044 |
| LPL Financial LLC Profit Sharing 401(k) Plan | LPL Financial LLC | 10,827 | $940M | $86,787 |
| Blue Shield of California Tax Deferred Salary Investment Plan | California Physicians Service, DBA Blue Shield of Ca | 10,619 | $1.68B | $158,484 |
Defined contribution plans in finance and insurance closest in size.
Questions and answers
How big is Northwest Carpenters Individual Account Pension Plan?
21,456 participants at the end of the plan year ending 31 Dec 2024, of whom 8,251 were active employees, with net assets of $706,715,229. Among defined contribution plans that places it in the 5,000 to 24,999 participants band, which held 2,605 plans in plan year 2024.
What does Board of Trustees, Northwest Carpenters Individual Account Pension Pla contribute per participant?
The filing reports $3,625,265 in employer contributions for the year, which is $439 per active participant; the median for plans of the same type and size was $2,424 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 $1,412,317 in compensation to service provider organisations, $65.82 per participant or 0.20% of net assets. The same-size median among plans reporting any Schedule C compensation was $53.38 per participant. Administrative expenses on Schedule H were $2,857,152. 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, Northwest Carpenters Individual Account Pension Pla. Recordkeeping or administration: Milliman, NW Carpenters Health & Security and NW Carpenters Retirement Plan. Investment advisory or management: Alan D Biller Associates. 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 7 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 91-1160641, plan 002, received 7 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.