California › Finance and insurance › 500 to 999 participants
Form 5500 statement · plan year 1 Dec 2024 to 30 Nov 2025
Patelco Credit Union Pension Plan
Sponsored by Patelco Credit Union, Dublin, 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.
In the plan year ending 30 Nov 2025, Patelco Credit Union Pension Plan covered 649 participants and held $72.8M in net assets. The plan is a defined benefit pension plan sponsored by Patelco Credit Union of Dublin, California.
Net assets came to $112,242 per participant, well above the $86,794 median for defined benefit plans with 500 to 999 participants and below the $119,536 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.
Schedule C lists 1 service provider organisation paid $5,000 or more, with reported compensation of $66K: $101 per participant, well below the same-size median of $377. Administrative expenses charged to the plan were $66K. 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 $27.2M in 2009 to $72.8M in 2024 (up 168%), and participants from 732 to 649 (down 11%).
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 DB plans |
|---|---|---|---|---|
| Net assets per participant | $112,242 | $86,794 | $119,536 | $86,073 |
| Employer contributions per active participant | — | $10,758 | $7,692 | $10,170 |
| Schedule C compensation per participant | $101 | $377 | $352 | $344 |
| Schedule C compensation, share of net assets | 0.09% | 0.48% | 0.32% | 0.43% |
| Administrative expenses per participant | $101 | $590 | $432 | $526 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 500 to 999 participants (878 plans), finance and insurance (694) and all US plans (5,366). 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 | 649 | $72.8M | $112,242 | — | — | $66K |
| 2023 | 652 | $71.9M | $110,305 | — | — | $110K |
| 2022 | 658 | $66.5M | $101,043 | — | — | $0 |
| 2021 | 658 | $67.6M | $102,664 | — | — | $0 |
| 2020 | 665 | $80.5M | $121,024 | — | — | $0 |
| 2019 | 667 | $74.8M | $112,130 | $11.1M | — | $0 |
| 2018 | 669 | $59.2M | $88,555 | $11.0M | — | $0 |
| 2017 | 678 | $45.0M | $66,338 | $1.1M | — | $0 |
| 2016 | 680 | $45.8M | $67,322 | $700K | — | $0 |
| 2015 | 677 | $41.3M | $60,932 | $200K | — | $0 |
| 2014 | 682 | $41.1M | $60,243 | $447K | — | $0 |
| 2013 | 692 | $41.6M | $60,121 | $927K | — | $0 |
| 2012 | 714 | $40.3M | $56,443 | $930K | — | $0 |
| 2011 | 742 | $34.4M | $46,367 | $2.3M | — | $0 |
| 2010 | 816 | $29.7M | $36,337 | $3.0M | — | $0 |
| 2009 | 732 | $27.2M | $37,101 | $2.4M | — | $0 |
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$71,918,708
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$4,086,526
- Benefits paid$3,094,439
- Administrative expenses$65,852
- Total expenses$3,160,291
- Net income$926,235
- Net transfers$0
- Net assets, end of year$72,844,943
Participants
- Active participants133
- Retired or separated, receiving benefits177
- Retired or separated, entitled to future benefits329
- Total participants, end of year649
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Empower Annuity Insurance Company | Recordkeeping and information management; Investment management | $65,852 | $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$65,852
- Total administrative expenses$65,852
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.
- Pooled separate accounts$65.8M · 90.3%
- Common/collective trusts$6.5M · 8.9%
- Cash (interest and non-interest bearing)$327K · 0.4%
- Corporate stocks$277K · 0.4%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmBaker Tilly US, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $10,000,000
- Blackout period during the year—
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
1ABenefits are primarily pay related1IFrozen plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 522120: Savings Institutions.
Other plans of Patelco Credit Union
| Plan | Participants | Net assets |
|---|---|---|
| Patelco Credit Union Employees 401(k) Plan | 852 | $128M |
Similar plans in California
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Wawanesa General Insurance Company Pension Plan | Wawanesa General Insurance Company | 922 | $94.2M | $102,217 |
| Dairy Employees Union Local 17 Pension Plan | Dairy Employees Union Local 17 Pension Plan | 625 | $13.0M | $20,845 |
| California Casualty Management Co. Pension Plan | California Casualty Management Company | 1,075 | $162M | $150,799 |
| Meriwest Credit Union Retirement Plan | Meriwest Credit Union | 434 | $80.8M | $186,227 |
| Pacificorp/ibew Local 57 Retirement Trust Fund | Board of Trustees of the Pacificorp/ibew Local 57 Retirement Trust Fun | 1,268 | $207M | $163,504 |
| Wescom Central Credit Union Defined Benefit Pension Plan | Wescom Central Credit Union | 391 | $22.3M | $56,954 |
Defined benefit plans in finance and insurance closest in size.
Questions and answers
How big is Patelco Credit Union Pension Plan?
649 participants at the end of the plan year ending 30 Nov 2025, of whom 133 were active employees, with net assets of $72,844,943. Among defined benefit plans that places it in the 500 to 999 participants band, which held 878 plans in plan year 2024.
What does Patelco Credit Union contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $65,852 in compensation to service provider organisations, $101 per participant or 0.09% of net assets. The same-size median among plans reporting any Schedule C compensation was $377 per participant. Administrative expenses on Schedule H were $65,852. 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 Patelco Credit Union. Recordkeeping or administration: Empower Annuity Insurance Company. Investment advisory or management: Empower Annuity Insurance Company. The financial statements were audited by Baker Tilly US, 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 Dec 2024 to 30 Nov 2025, received by the Department of Labor on 14 Sep 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 Sep 2026. This page shows the latest filing on record for EIN 94-0755684, plan 001, received 14 Sep 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.