Oregon › Agriculture, forestry, fishing and hunting › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jun 2024 to 31 May 2025
Toc-Woodworkers, IAM Defined Contribution Plan and Trust
Sponsored by Board of Trustees, Toc-Woodworkers, IAM Defined, Portland, OR
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.
Toc-Woodworkers, IAM Defined Contribution Plan and Trust is a 401(k) plan sponsored by Board of Trustees, Toc-Woodworkers, IAM Defined of Portland, Oregon. For the plan year ending 31 May 2025 it reported 4,105 participants, 190 of them active, and net assets of $141M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $34,356 per participant, well below the $50,295 median for defined contribution plans with 1,000 to 4,999 participants and below the $42,336 median for defined contribution plans in agriculture, forestry, fishing and hunting. 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 $148K during the year, or $778 per active participant against a same-size median of $2,045; participants contributed $299K and $90K arrived as rollovers and other contributions. Benefits paid out totalled $13.0M.
Schedule C lists 8 service provider organisations paid $5,000 or more, with reported compensation of $535K: $130 per participant, well above the same-size median of $82.08. Administrative expenses charged to the plan were $747K. 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 $184M in 2009 to $141M in 2024 (down 23%), and participants from 5,868 to 4,105 (down 30%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $34,356 | $50,295 | $42,336 | $53,102 |
| Employer contributions per active participant | $778 | $2,045 | $1,701 | $2,175 |
| Schedule C compensation per participant | $130 | $82.08 | $112 | $123 |
| Schedule C compensation, share of net assets | 0.38% | 0.17% | 0.32% | 0.26% |
| Administrative expenses per participant | $182 | $82.20 | $116 | $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), agriculture, forestry, fishing and hunting (647) 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 | 4,105 | $141M | $34,356 | $148K | $299K | $535K |
| 2023 | 4,321 | $140M | $32,366 | $121K | $307K | $639K |
| 2022 | 2,888 | $124M | $43,045 | $294K | $362K | $577K |
| 2021 | 3,053 | $133M | $43,418 | $469K | $437K | $520K |
| 2020 | 3,128 | $151M | $48,313 | $479K | $452K | $506K |
| 2019 | 3,221 | $135M | $41,872 | $472K | $422K | $550K |
| 2017 | 2,795 | $154M | $54,985 | $532K | $446K | $698K |
| 2016 | 3,049 | $165M | $54,149 | $632K | $409K | $631K |
| 2015 | 2,963 | $159M | $53,754 | $649K | $379K | $696K |
| 2014 | 4,238 | $176M | $41,609 | $652K | $466K | $780K |
| 2013 | 4,992 | $184M | $36,866 | $635K | $373K | $782K |
| 2012 | 5,195 | $184M | $35,414 | $620K | $221K | $857K |
| 2011 | 5,476 | $177M | $32,306 | $521K | $187K | $952K |
| 2010 | 5,602 | $194M | $34,582 | $501K | $199K | $1.0M |
| 2009 | 5,868 | $184M | $31,376 | $498K | $180K | $888K |
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$139,853,905
- Employer contributions$147,768
- Participant contributions$299,028
- Rollovers and other contributions$89,774
- Total contributions$536,570
- Total income, including investment results$14,953,264
- Benefits paid$13,028,097
- Administrative expenses$747,082
- Total expenses$13,775,179
- Net income$1,178,085
- Net transfers$0
- Net assets, end of year$141,031,990
Participants
- Active participants190
- Retired or separated, receiving benefits1,459
- Retired or separated, entitled to future benefits2,309
- Participants with account balances3,944
- Total participants, end of year4,105
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Milliman | Recordkeeping and information management | $232,865 | $0 |
| Benesys, Inc. | Contract Administrator; Recordkeeping and information management | $138,639 | $0 |
| RVK, Inc. | Consulting (pension) | $43,199 | $0 |
| Joseph L. Reinhart, PC | Legal | $36,155 | $0 |
| Vigilant Services, Inc. | Trustee (discretionary) | $32,500 | $0 |
| Miller Kaplan Arase LLP | Accounting (including auditing) | $28,150 | $0 |
| U.S. Bank National Assocation | Trustee (bank, trust company, or similar financial institution) | $12,579 | $0 |
| Clifton Larson Allen LLP | Accounting (including auditing) | $11,089 | $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
- Recordkeeping fees$243,954
- Trustee and custodial fees$161,233
- Contract administrator fees$138,639
- Other administrative expenses$55,507
- Investment advisory and management fees$50,944
- Legal fees$36,155
- Other trustee fees and expenses$32,500
- IQPA audit fees$28,150
- Total administrative expenses$747,082
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$113M · 80.0%
- Cash (interest and non-interest bearing)$28.1M · 19.9%
- Receivables$164K · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmMiller Kaplan Arase LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- 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 plan2JCode section 401(k) feature
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 113310.
Similar plans in Oregon
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Monrovia Nursery 401(k) Retirement Plan | Monrovia Nursery Company | 1,319 | $45.0M | $34,123 |
| Grayback Forestry, Inc. Retirement Savings Plan | Grayback Forestry, Inc. | 790 | $8.8M | $11,178 |
| Lone Rock Resources 401(k) and Profit Sharing Plan | Lone Rock Timber Management LLC | 554 | $36.2M | $65,286 |
| Beef Northwest Feeders, LLC Employees' Retirement Plan | Beef Northwest Feeders LLC | 471 | $15.2M | $32,171 |
| Stahlbush Island Farms, Inc. 401(k) and Profit Sharing Plan | Stahlbush Island Farms, Inc. | 430 | $6.7M | $15,652 |
| Acm Human Resources, LLC 401(k) Plan | Acm Human Resources, LLC | 410 | $20.7M | $50,527 |
Defined contribution plans in agriculture, forestry, fishing and hunting closest in size.
Questions and answers
How big is Toc-Woodworkers, IAM Defined Contribution Plan and Trust?
4,105 participants at the end of the plan year ending 31 May 2025, of whom 190 were active employees, with net assets of $141,031,990. 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, Toc-Woodworkers, IAM Defined contribute per participant?
The filing reports $147,768 in employer contributions for the year, which is $778 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 $535,176 in compensation to service provider organisations, $130 per participant or 0.38% 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 $747,082. 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, Toc-Woodworkers, IAM Defined. Recordkeeping or administration: Milliman and Benesys, Inc.. Trustee or custodian: Vigilant Services, Inc. and U.S. Bank National Assocation. 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 from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. 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 Jun 2024 to 31 May 2025, received by the Department of Labor on 12 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 93-0951083, plan 002, received 12 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.