Oregon › Construction › 25,000 or more participants
Form 5500 statement · plan year 1 Apr 2024 to 31 Mar 2025
International Brotherhood of Electrical Workers District No. 9 Pension Plan
Sponsored by Board of Trustees, International Brotherhood of, 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.
In the plan year ending 31 Mar 2025, International Brotherhood of Electrical Workers District No. 9 Pension Plan covered 32,974 participants and held $2.47B in net assets. The plan is a money purchase plan sponsored by Board of Trustees, International Brotherhood of of Portland, Oregon. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $74,792 per participant, above the $62,774 median for defined contribution plans with 25,000 or more participants and well above the $54,962 median for defined contribution 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.
The employer contributed $129M during the year, or $4,121 per active participant against a same-size median of $2,417; participants contributed — and $2.9M arrived as rollovers and other contributions. Benefits paid out totalled $108M.
Schedule C lists 12 service provider organisations paid $5,000 or more, with reported compensation of $1.1M: $33.90 per participant, below the same-size median of $36.41. Administrative expenses charged to the plan were $1.7M. 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 $545M in 2009 to $2.47B in 2024 (up 353%), and participants from 28,964 to 32,974 (up 14%).
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 | $74,792 | $62,774 | $54,962 | $53,102 |
| Employer contributions per active participant | $4,121 | $2,417 | $2,728 | $2,175 |
| Schedule C compensation per participant | $33.90 | $36.41 | $162 | $123 |
| Schedule C compensation, share of net assets | 0.04% | 0.07% | 0.33% | 0.26% |
| Administrative expenses per participant | $51.25 | $38.81 | $166 | $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), construction (4,204) 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 | 32,974 | $2.47B | $74,792 | $129M | — | $1.1M |
| 2023 | 31,477 | $2.34B | $74,238 | $125M | — | $1.3M |
| 2022 | 30,494 | $1.94B | $63,604 | $123M | — | $1.3M |
| 2021 | 29,455 | $2.02B | $68,724 | $107M | — | $1.2M |
| 2020 | 28,490 | $1.91B | $67,164 | $94.3M | — | $1.1M |
| 2019 | 27,624 | $1.32B | $47,901 | $99.6M | — | $1.2M |
| 2017 | 24,492 | $1.29B | $52,750 | $79.1M | — | $987K |
| 2016 | 23,219 | $1.13B | $48,725 | $71.3M | — | $869K |
| 2015 | 21,886 | $976M | $44,576 | $60.7M | — | $747K |
| 2014 | 21,916 | $962M | $43,891 | $61.1M | — | $747K |
| 2013 | 21,138 | $874M | $41,338 | $53.2M | — | $727K |
| 2012 | 21,082 | $758M | $35,957 | $48.2M | — | $774K |
| 2011 | 27,943 | $672M | $24,048 | $45.4M | — | $694K |
| 2010 | 27,496 | $628M | $22,825 | $42.8M | $247K | $759K |
| 2009 | 28,964 | $545M | $18,811 | $38.8M | $1.3M | $590K |
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$2,336,776,813
- Employer contributions$128,848,811
- Participant contributions—
- Rollovers and other contributions$2,865,235
- Total contributions$131,714,046
- Total income, including investment results$239,455,643
- Benefits paid$108,352,190
- Administrative expenses$1,689,801
- Total expenses$110,041,991
- Net income$129,413,652
- Net transfers$0
- Net assets, end of year$2,466,190,465
Participants
- Active participants31,265
- Retired or separated, receiving benefits275
- Retired or separated, entitled to future benefits1,316
- Participants with account balances25,863
- Total participants, end of year32,974
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Joseph H. Herrle & Associates | Contract Administrator; Recordkeeping and information management | $716,425 | $0 |
| Principal Life Insurance Co. | Contract Administrator | $132,289 | $0 |
| Alan Biller & Associates | Investment advisory (plan) | $95,971 | $0 |
| Brownstein Rask LLP | Legal | $50,344 | $0 |
| Oregon-Columbia Chapter Neca | Direct payment from the plan; Other fees | $40,619 | $0 |
| Miller Kaplan Arase LLP | Accounting (including auditing) | $35,715 | $0 |
| Bridgetown Printing | Copying and duplicating | $8,911 | $0 |
| Wells Fargo Bank | Direct payment from the plan; Other fees | $8,385 | $0 |
| Loomis, Sayles & Company, L.P. | Contract Administrator | $8,375 | $0 |
| IBEW Local 234 H&W Plan | Direct payment from the plan; Other fees | $7,835 | $0 |
| Harrison Electrical WKRS Health TR | Direct payment from the plan; Other fees | $6,961 | $0 |
| Union Data Systems, Inc. | Direct payment from the plan; Other fees | $6,141 | $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
- Contract administrator fees$959,087
- Other administrative expenses$323,722
- Recordkeeping fees$235,943
- Investment advisory and management fees$104,346
- Legal fees$32,018
- IQPA audit fees$26,300
- Trustee and custodial fees$8,385
- Total administrative expenses$1,689,801
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$1.48B · 60.1%
- Pooled separate accounts$650M · 26.3%
- Registered investment companies (mutual funds)$254M · 10.3%
- Insurance company general account$67.0M · 2.7%
- Receivables$12.7M · 0.5%
- Cash (interest and non-interest bearing)$1.1M · 0.0%
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, $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) plan2FERISA section 404(c) plan2GTotal participant-directed account plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 238210: Electrical Contractors.
Similar plans in Oregon
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Northwest Sheet Metal Workers Supp Pension Plan | BD of Trustees, Northwest Sheet Metal Workers Supp Pension Plan | 10,579 | $359M | $33,910 |
| Northwest Agc Chapters Retirement Plan | Oregon - Columbia Chapter Agc | 6,810 | $328M | $48,154 |
| Cascade Pension Trust Money Purchase Pension Plan | Board of Trustees, Cascade Pension Trust Money | 4,890 | $425M | $86,962 |
| Oregon Laborers-Employers Defined Contribution and 401(k) Plan | Board of Trustees-Oregon Laborers- Employers Pension Trust Fund | 4,811 | $20.9M | $4,349 |
| Sheet Metal Workers Local 100 401(k) Plan | Sheet Metal Workers Local 100 401(k) Plan | 3,750 | $161M | $42,979 |
| United Association Union Local No. 290 Plumber, Steamfitter and Shipfitter Industry 401(k) Plan | Board of Trustees, U.A. Union Local No. 290 Plumber, | 3,115 | $236M | $75,639 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is International Brotherhood of Electrical Workers District No. 9 Pension Plan?
32,974 participants at the end of the plan year ending 31 Mar 2025, of whom 31,265 were active employees, with net assets of $2,466,190,465. 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, International Brotherhood of contribute per participant?
The filing reports $128,848,811 in employer contributions for the year, which is $4,121 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 $1,117,971 in compensation to service provider organisations, $33.90 per participant or 0.04% 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 $1,689,801. 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, International Brotherhood of. Recordkeeping or administration: Joseph H. Herrle & Associates, Principal Life Insurance Co. and Loomis, Sayles & Company, L.P.. Investment advisory or management: Alan Biller & Associates. 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 Apr 2024 to 31 Mar 2025, received by the Department of Labor on 15 Jan 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 93-6074829, plan 001, received 15 Jan 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.