California › Construction › 500 to 999 participants
Form 5500 statement · plan year 1 Apr 2024 to 31 Mar 2025
IBEW Local 684 Pension Trust
Sponsored by Board of Trustees, IBEW Local 684 Pension Trust, Pleasanton, 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, IBEW Local 684 Pension Trust of Pleasanton, California sponsors IBEW Local 684 Pension Trust, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Mar 2025 shows 773 participants (438 active) and $80.1M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $103,583 per participant, above the $86,583 median for defined benefit plans with 500 to 999 participants and close to the $100,593 median for defined benefit 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.
Employer contributions were $5.1M for the year ($11,599 per active participant) and benefits paid were $4.2M. 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 13 service provider organisations paid $5,000 or more, with reported compensation of $530K: $685 per participant, well above the same-size median of $377. Administrative expenses charged to the plan were $646K. 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 $37.3M in 2009 to $80.1M in 2024 (up 115%), and participants from 518 to 773 (up 49%).
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 | $103,583 | $86,583 | $100,593 | $86,221 |
| Employer contributions per active participant | $11,599 | $10,758 | $13,292 | $10,244 |
| Schedule C compensation per participant | $685 | $377 | $443 | $344 |
| Schedule C compensation, share of net assets | 0.66% | 0.48% | 0.46% | 0.42% |
| Administrative expenses per participant | $836 | $591 | $596 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 500 to 999 participants (873 plans), construction (655) 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 | 773 | $80.1M | $103,582 | $5.1M | — | $530K |
| 2023 | 711 | $75.9M | $106,820 | $5.4M | — | $531K |
| 2022 | 710 | $69.1M | $97,290 | $5.1M | — | $515K |
| 2021 | 710 | $71.3M | $100,463 | $4.8M | — | $507K |
| 2020 | 692 | $68.4M | $98,834 | $4.1M | — | $479K |
| 2019 | 660 | $54.6M | $82,765 | $4.3M | — | $420K |
| 2018 | 686 | $56.4M | $82,144 | $3.6M | — | $284K |
| 2017 | 620 | $54.7M | $88,171 | $3.7M | — | $295K |
| 2016 | 638 | $50.7M | $79,395 | $3.4M | — | $264K |
| 2015 | 610 | $46.8M | $76,687 | $3.3M | — | $171K |
| 2014 | 586 | $47.5M | $81,067 | $2.4M | — | $173K |
| 2013 | 584 | $45.8M | $78,373 | $1.9M | — | $175K |
| 2012 | 543 | $42.4M | $78,090 | $2.2M | — | $192K |
| 2011 | 493 | $38.8M | $78,791 | $1.5M | — | $148K |
| 2010 | 473 | $39.2M | $82,930 | $1.1M | — | $141K |
| 2009 | 518 | $37.3M | $71,971 | $1.2M | — | $134K |
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$75,948,761
- Employer contributions$5,080,178
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$5,080,178
- Total income, including investment results$8,943,559
- Benefits paid$4,176,830
- Administrative expenses$646,065
- Total expenses$4,822,895
- Net income$4,120,664
- Net transfers$0
- Net assets, end of year$80,069,425
Participants
- Active participants438
- Retired or separated, receiving benefits187
- Retired or separated, entitled to future benefits148
- Participants with account balances0
- Total participants, end of year773
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Verus Advisory, Inc. | Consulting (pension); Investment advisory (plan) | $154,939 | $0 |
| Benesys, Inc. | Plan Administrator | $98,003 | $0 |
| Northwest Pension Services | Actuarial | $51,100 | $0 |
| Asb Capital Management, LLC | Investment management | $44,538 | $0 |
| Ullico Investment Advisors Inc. | Investment management | $32,794 | $0 |
| Pimco | Investment management | $31,072 | $0 |
| Miller Kaplan Arase LLP | Accounting (including auditing) | $26,840 | $0 |
| Washington Capital Management, Inc. | Investment management fees paid directly by plan | $18,853 | $0 |
| Comerica Bank | Custodial (securities) | $18,079 | $0 |
| U.S. Bank | Other services | $17,401 | $0 |
| Prudential Trust Co. | Investment management | $15,834 | $0 |
| Aristotle Pacific Capital, LLC | Investment management | $11,783 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 1 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$336,363
- Contract administrator fees$98,003
- Other administrative expenses$88,961
- Actuarial fees$51,100
- IQPA audit fees$20,750
- Legal fees$18,368
- Trustee and custodial fees$16,552
- Other trustee fees and expenses$15,968
- Total administrative expenses$646,065
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.
- Registered investment companies (mutual funds)$41.4M · 51.6%
- Common/collective trusts$16.1M · 20.0%
- 103-12 investment entities$14.2M · 17.7%
- Partnership/joint venture interests$5.7M · 7.1%
- Cash (interest and non-interest bearing)$1.9M · 2.3%
- Receivables$779K · 1.0%
- Other investments$182K · 0.2%
- Buildings and other property used in plan operation$11K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmMiller Kaplan Arase LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- 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 238210: Electrical Contractors.
Other plans of Board of Trustees, IBEW Local 684 Pension Trust
| Plan | Participants | Net assets |
|---|---|---|
| IBEW Local 684 Money Purchase Pension and Profit Sharing Plan | 473 | $44.2M |
Similar plans in California
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| San Diego County Cement Masons Pension Plan | Board of Trustees, San Diego County Cement Masons | 829 | $41.6M | $50,194 |
| U. a. Local No. 159 Defined Benefit Plan | Board of Trustees of U.A. Local No. 159 Pension Trust | 715 | $125M | $175,240 |
| Solano-Napa Counties Electrical Workers Pension Plan | Bot of Solano-Napa Counties Electric Workers PT | 843 | $161M | $191,503 |
| Southern California Gunite Workers Pension Fund | Board of Trustees, Southern California Gunite Workers | 627 | $81.3M | $129,614 |
| IBEW Local #952 Ventura Division of la County Chapter Neca Pension Trust Fund | Board of Trustees, IBEW Local 952 Ventura Division | 877 | $130M | $147,816 |
| U. a. Local No. 343 Defined Benefit Plan | U.A. Local No. 343 Pension Trust | 583 | $160M | $273,829 |
Defined benefit plans in construction closest in size.
Questions and answers
How big is IBEW Local 684 Pension Trust?
773 participants at the end of the plan year ending 31 Mar 2025, of whom 438 were active employees, with net assets of $80,069,425. Among defined benefit plans that places it in the 500 to 999 participants band, which held 873 plans in plan year 2024.
What does Board of Trustees, IBEW Local 684 Pension Trust contribute per participant?
The filing reports $5,080,178 in employer contributions for the year, which is $11,599 per active participant; the median for plans of the same type and size was $10,758 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 $529,794 in compensation to service provider organisations, $685 per participant or 0.66% of net assets. The same-size median among plans reporting any Schedule C compensation was $377 per participant. Administrative expenses on Schedule H were $646,065. 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, IBEW Local 684 Pension Trust. Recordkeeping or administration: Benesys, Inc.. Investment advisory or management: Verus Advisory, Inc., Asb Capital Management, LLC and Ullico Investment Advisors Inc.. Trustee or custodian: Comerica Bank. 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. 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 94-6442909, 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.