California › Construction › 250 to 499 participants
Form 5500 statement · plan year 1 Aug 2024 to 31 Jul 2025
Tilesetters and Finishers of Northern Califor Nia Joint Supplemental Plan
Sponsored by Tilesetters & Finishers Union of No Ca, Sacramento, 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 Jul 2025, Tilesetters and Finishers of Northern Califor Nia Joint Supplemental Plan covered 466 participants and held $8.9M in net assets. The plan is a money purchase plan sponsored by Tilesetters & Finishers Union of No Ca of Sacramento, California. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $19,065 per participant, well below the $48,746 median for defined contribution plans with 250 to 499 participants and well below 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 $173K during the year, or $372 per active participant against a same-size median of $2,017; participants contributed —. Benefits paid out totalled $426K.
Schedule C lists 2 service provider organisations paid $5,000 or more, with reported compensation of $11K: $23.17 per participant, well below the same-size median of $141. Administrative expenses charged to the plan were $15K. 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 $3.7M in 2009 to $8.9M in 2024 (up 139%), and participants from 503 to 466 (down 7%).
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 DC plans |
|---|---|---|---|---|
| Net assets per participant | $19,065 | $48,746 | $54,962 | $53,102 |
| Employer contributions per active participant | $372 | $2,017 | $2,728 | $2,175 |
| Schedule C compensation per participant | $23.17 | $141 | $162 | $123 |
| Schedule C compensation, share of net assets | 0.12% | 0.30% | 0.33% | 0.26% |
| Administrative expenses per participant | $31.56 | $133 | $166 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 250 to 499 participants (17,456 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 | 466 | $8.9M | $19,064 | $173K | — | $11K |
| 2023 | 451 | $8.4M | $18,599 | $134K | — | $12K |
| 2022 | 609 | $7.8M | $12,788 | $226K | — | $2,000 |
| 2021 | 598 | $7.5M | $12,472 | $188K | — | $18K |
| 2020 | 581 | $8.3M | $14,219 | $154K | — | $16K |
| 2019 | 575 | $6.6M | $11,530 | $117K | $0 | $18K |
| 2018 | 577 | $6.3M | $11,002 | $142K | $0 | $18K |
| 2017 | 540 | $6.2M | $11,452 | $107K | $0 | $18K |
| 2016 | 523 | $5.8M | $11,122 | $126K | $0 | $6,000 |
| 2015 | 485 | $5.3M | $10,870 | $112K | $0 | $0 |
| 2014 | 451 | $5.1M | $11,297 | $105K | $0 | $11K |
| 2013 | 424 | $4.9M | $11,613 | $92K | $0 | $9,000 |
| 2012 | 408 | $4.5M | $10,963 | $74K | $0 | $11K |
| 2011 | 416 | $4.0M | $9,716 | $74K | $0 | $3,000 |
| 2010 | 457 | $4.3M | $9,462 | $92K | $0 | $12K |
| 2009 | 503 | $3.7M | $7,398 | $111K | $0 | $19K |
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$8,387,585
- Employer contributions$172,686
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$172,686
- Total income, including investment results$937,906
- Benefits paid$426,462
- Administrative expenses$14,706
- Total expenses$441,168
- Net income$496,738
- Net transfers$0
- Net assets, end of year$8,884,323
Participants
- Active participants464
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits2
- Participants with account balances377
- Total participants, end of year466
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Raven Union Benefits Adm | Accounting (including auditing); Contract Administrator | $10,120 | $0 |
| Principal Life Insurance Company | Contract Administrator | $675 | $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$10,120
- Other administrative expenses$2,964
- Legal fees$945
- Investment advisory and management fees$677
- Total administrative expenses$14,706
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$8.8M · 99.5%
- Cash (interest and non-interest bearing)$29K · 0.3%
- Receivables$15K · 0.2%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmEide Bailly 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 238300: Building Finishing Contractors (including drywall, insulation, painting, wallcovering, flooring, tile, & finish carpentry).
Similar plans in California
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| IBEW Local 684 Money Purchase Pension and Profit Sharing Plan | Board of Trustees, IBEW Local 684 Money Purchase | 473 | $44.2M | $93,426 |
| Semper Solaris 401(k) Plan | Semper Solaris Construction, Inc. | 463 | $4.7M | $10,191 |
| Gachina Landscape Management, Inc. 401(k) Plan | Gachina Landscape Management, Inc. | 475 | $9.5M | $19,939 |
| Charge Epc Retirement Trust | Veteran Pipeline Construction Inc. | 462 | $18.0M | $38,963 |
| Morrow Meadows Corporation 401(k) Plan | Morrow Meadows Corporation | 482 | $99.4M | $206,186 |
| RK Electric, Inc. 401(k) Profit Sharing Plan and Trust | RK Electric, Inc. | 456 | $43.2M | $94,700 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is Tilesetters and Finishers of Northern Califor Nia Joint Supplemental Plan?
466 participants at the end of the plan year ending 31 Jul 2025, of whom 464 were active employees, with net assets of $8,884,323. Among defined contribution plans that places it in the 250 to 499 participants band, which held 17,456 plans in plan year 2024.
What does Tilesetters & Finishers Union of No Ca contribute per participant?
The filing reports $172,686 in employer contributions for the year, which is $372 per active participant; the median for plans of the same type and size was $2,017 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 $10,795 in compensation to service provider organisations, $23.17 per participant or 0.12% of net assets. The same-size median among plans reporting any Schedule C compensation was $141 per participant. Administrative expenses on Schedule H were $14,706. 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 Tilesetters & Finishers Union of No Ca. Recordkeeping or administration: Raven Union Benefits Adm and Principal Life Insurance Company. The financial statements were audited by Eide Bailly 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 Aug 2024 to 31 Jul 2025, received by the Department of Labor on 15 May 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 94-6751529, plan 001, received 15 May 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.