California › Other services › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Automotive Industries Pension Plan
Sponsored by Board of Trustees Automotive Industries Pension Plan, 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 31 Dec 2024, Automotive Industries Pension Plan covered 22,897 participants and held $2.12B in net assets. The plan is a defined benefit pension plan sponsored by Board of Trustees Automotive Industries Pension Plan of Dublin, California. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $92,580 per participant, above the $87,623 median for defined benefit plans with 5,000 to 24,999 participants and below the $110,377 median for defined benefit plans in other services. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Employer contributions were $23.5M for the year ($7,834 per active participant) and benefits paid were $153M. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
Schedule C lists 15 service provider organisations paid $5,000 or more, with reported compensation of $7.6M: $331 per participant, well above the same-size median of $232. Administrative expenses charged to the plan were $8.8M. 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 $1.22B in 2009 to $2.12B in 2024 (up 74%), and participants from 26,798 to 22,897 (down 15%).
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 DB plans |
|---|---|---|---|---|
| Net assets per participant | $92,580 | $87,623 | $110,377 | $86,221 |
| Employer contributions per active participant | $7,834 | $9,468 | $13,001 | $10,244 |
| Schedule C compensation per participant | $331 | $232 | $486 | $344 |
| Schedule C compensation, share of net assets | 0.36% | 0.30% | 0.44% | 0.42% |
| Administrative expenses per participant | $383 | $396 | $662 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 5,000 to 24,999 participants (651 plans), other services (226) and all US plans (5,308). 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 | 22,897 | $2.12B | $92,580 | $23.5M | — | $7.6M |
| 2023 | 23,270 | $2.10B | $90,267 | $23.1M | — | $5.2M |
| 2021 | 23,687 | $1.26B | $53,306 | $23.7M | — | $5.6M |
| 2020 | 24,356 | $1.21B | $49,579 | $24.8M | — | $5.0M |
| 2019 | 24,820 | $1.19B | $48,039 | $27.0M | — | $5.6M |
| 2018 | 25,085 | $1.09B | $43,411 | $25.3M | — | $5.9M |
| 2017 | 25,453 | $1.24B | $48,886 | $27.0M | — | $5.8M |
| 2016 | 25,958 | $1.18B | $45,563 | $26.0M | — | $6.2M |
| 2015 | 25,834 | $1.22B | $47,149 | $26.9M | — | $7.4M |
| 2014 | 26,028 | $1.32B | $50,854 | $30.5M | — | $7.8M |
| 2013 | 26,120 | $1.33B | $51,035 | $28.6M | — | $8.0M |
| 2012 | 26,289 | $1.21B | $45,900 | $38.5M | — | $7.9M |
| 2011 | 26,447 | $1.16B | $43,800 | $24.0M | — | $8.5M |
| 2010 | 26,686 | $1.27B | $47,520 | $30.9M | — | $8.7M |
| 2009 | 26,798 | $1.22B | $45,375 | $27.9M | — | $6.1M |
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$2,100,514,212
- Employer contributions$23,493,312
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$23,493,312
- Total income, including investment results$181,430,568
- Benefits paid$153,361,920
- Administrative expenses$8,773,553
- Total expenses$162,135,473
- Net income$19,295,095
- Net transfers$0
- Net assets, end of year$2,119,809,307
Participants
- Active participants2,999
- Retired or separated, receiving benefits9,747
- Retired or separated, entitled to future benefits7,802
- Total participants, end of year22,897
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Foundry Partners LLC | Investment management | $1,516,225 | $0 |
| Health Services & Benefit Administr | Claims processing; Contract Administrator; Recordkeeping and information management | $1,430,205 | $0 |
| McMorgan & Company | Investment management | $1,207,485 | $0 |
| Graystone Consulting/morgan Stanley | Investment advisory (plan); Named fiduciary; Securities brokerage | $933,286 | $0 |
| Polen Capital Management, LLC | Investment management | $448,626 | $0 |
| Aristotle Capital Management, LLC | Investment management | $264,440 | $0 |
| Fiera Capital Inc. | Investment management | $247,215 | $0 |
| The Segal Company | Actuarial; Consulting (pension) | $245,093 | $0 |
| Silvercrest Asset MGMT Group LLC | Investment management | $226,823 | $0 |
| Withumsmith+brown, PC | Accounting (including auditing) | $224,803 | $0 |
| Insight Investment | Direct payment from the plan | $224,662 | $0 |
| Mackay Shields LLC | Investment management | $0 | $180,343 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 3 smaller rows are not shown. 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$5,118,987
- Other administrative expenses$1,626,749
- Contract administrator fees$1,276,619
- Actuarial fees$273,968
- Recordkeeping fees$162,124
- Legal fees$144,689
- Salaries and allowances$77,739
- IQPA audit fees$62,679
- Other trustee fees and expenses$15,059
- Trustee and custodial fees$14,940
- Total administrative expenses$8,773,553
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.
- Corporate debt instruments$952M · 44.9%
- Corporate stocks$396M · 18.7%
- U.S. Government securities$251M · 11.8%
- Common/collective trusts$234M · 11.0%
- Real estate$76.4M · 3.6%
- Cash (interest and non-interest bearing)$59.0M · 2.8%
- Partnership/joint venture interests$57.6M · 2.7%
- Receivables$56.9M · 2.7%
- Pooled separate accounts$25.3M · 1.2%
- 103-12 investment entities$13.5M · 0.6%
- Other investments$987K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmWithumsmith+brown, PC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- 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
1BBenefits are primarily flat dollar (includes dollars per year of service)
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 811110: Automotive Mechanical, & Electrical Repair & Maintenance.
Other plans of Board of Trustees Automotive Industries Pension Plan
| Plan | Participants | Net assets |
|---|---|---|
| Automotive Industries Individual Account Retirement Plan | 2,461 | $58.9M |
Similar plans in California
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Club Pension Plan | Automobile Club of So California | 23,954 | $2.61B | $108,997 |
| Forest Lawn Retirement Plan | Forest Lawn Memorial-Park Assoc | 1,995 | $84.6M | $42,405 |
| Basic Pension Plan for Employees of Jewish Federation Council of Greater Los Angeles | Jewish Federation Council of Greater Los Angeles | 1,803 | $136M | $75,594 |
| Motion Picture and Television Fund Retirement Income Plan | Motion Picture and Television Fund | 1,023 | $47.7M | $46,629 |
| Retirement Plan for Employees of the Academy of Motion Picture Arts & Sciences | Academy of Motion Picture Arts & Sciences | 688 | $38.6M | $56,099 |
| Sierra Club Retirement Plan | Sierra Club | 609 | $36.8M | $60,412 |
Defined benefit plans in other services closest in size.
Questions and answers
How big is Automotive Industries Pension Plan?
22,897 participants at the end of the plan year ending 31 Dec 2024, of whom 2,999 were active employees, with net assets of $2,119,809,307. Among defined benefit plans that places it in the 5,000 to 24,999 participants band, which held 651 plans in plan year 2024.
What does Board of Trustees Automotive Industries Pension Plan contribute per participant?
The filing reports $23,493,312 in employer contributions for the year, which is $7,834 per active participant; the median for plans of the same type and size was $9,468 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 $7,571,212 in compensation to service provider organisations, $331 per participant or 0.36% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $8,773,553. 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 Automotive Industries Pension Plan. Recordkeeping or administration: Health Services & Benefit Administr. Investment advisory or management: Foundry Partners LLC, McMorgan & Company and Graystone Consulting/morgan Stanley. The financial statements were audited by Withumsmith+brown, PC. 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 15 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 94-1133245, plan 001, received 15 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.