California › Manufacturing › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Oct 2024 to 30 Sep 2025
Cubic Corporation Pension Plan
Sponsored by Cubic Corporation, San Diego, 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.
Cubic Corporation of San Diego, California sponsors Cubic Corporation Pension Plan, a defined benefit pension plan. Its Form 5500 for the plan year ending 30 Sep 2025 shows 1,857 participants (140 active) and $74.2M in net assets.
Net assets came to $39,963 per participant, well below the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and well below the $67,961 median for defined benefit plans in manufacturing. 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 5 service provider organisations paid $5,000 or more, with reported compensation of $393K: $212 per participant, well below the same-size median of $325. Administrative expenses charged to the plan were $310K. 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 $85.7M in 2009 to $74.2M in 2024 (down 13%), and participants from 2,902 to 1,857 (down 36%).
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 | $39,963 | $87,935 | $67,961 | $86,221 |
| Employer contributions per active participant | — | $10,593 | $6,915 | $10,244 |
| Schedule C compensation per participant | $212 | $325 | $299 | $344 |
| Schedule C compensation, share of net assets | 0.53% | 0.41% | 0.47% | 0.42% |
| Administrative expenses per participant | $167 | $513 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 1,000 to 4,999 participants (1,540 plans), manufacturing (1,532) 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 | 1,857 | $74.2M | $39,963 | — | — | $393K |
| 2023 | 1,894 | $78.4M | $41,372 | — | — | $359K |
| 2022 | 1,923 | $73.5M | $38,239 | — | — | $596K |
| 2021 | 1,948 | $77.7M | $39,878 | — | — | $576K |
| 2020 | 1,984 | $105M | $53,139 | — | — | $449K |
| 2019 | 2,014 | $104M | $51,468 | $2,000 | — | $394K |
| 2018 | 2,054 | $101M | $48,965 | — | — | $281K |
| 2017 | 2,128 | $99.5M | $46,765 | — | — | $591K |
| 2015 | 2,177 | $96.9M | $44,495 | — | — | $808K |
| 2014 | 2,502 | $104M | $41,565 | — | — | $242K |
| 2013 | 2,516 | $107M | $42,598 | — | — | $297K |
| 2012 | 2,534 | $99.0M | $39,076 | — | — | $435K |
| 2011 | 2,860 | $95.1M | $33,235 | — | — | $177K |
| 2010 | 2,875 | $84.5M | $29,403 | — | — | $180K |
| 2009 | 2,902 | $85.7M | $29,540 | $0 | — | $167K |
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$78,358,009
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$2,800,587
- Benefits paid$6,637,934
- Administrative expenses$309,823
- Total expenses$6,947,757
- Net income−$4,147,170
- Net transfers$0
- Net assets, end of year$74,210,839
Participants
- Active participants140
- Retired or separated, receiving benefits1,130
- Retired or separated, entitled to future benefits415
- Total participants, end of year1,857
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Mercer Investments LLC | Investment management fees paid directly by plan; Investment management fees paid indirectly by plan | $258,941 | $0 |
| Prudential Insurance Co. | Accounting (including auditing); Claims processing; Contract Administrator; Consulting (pension); Custodial (other than securities); Trustee (discretionary); Investment advisory (participants) | $83,159 | $0 |
| CBIZ CPAS, P.C. | Accounting (including auditing); Consulting (general); Consulting (pension) | $26,535 | $0 |
| US Bank | Custodial (securities) | $21,142 | $0 |
| State Street Global Advisors Trust | Custodial (other than securities); Custodial (securities) | $3,205 | $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
- Investment advisory and management fees$262,146
- Contract administrator fees$26,535
- Trustee and custodial fees$21,142
- Total administrative expenses$309,823
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$73.0M · 98.4%
- Pooled separate accounts$1.1M · 1.5%
- Registered investment companies (mutual funds)$59K · 0.1%
- Receivables$153 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmCBIZ CPAS P.C.
- 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 335900: Other Electrical Equipment & Component Mfg.
Other plans of Cubic Corporation
| Plan | Participants | Net assets |
|---|---|---|
| Cubic Corporation 401(k) Retirement Plan | 4,168 | $649M |
Similar plans in California
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Industrial Carpenters and Precast Pension Plan | Board of Trustees of Industrial Carpenters and Precast Pension Plan | 2,034 | $130M | $63,898 |
| Cmta-Gmpp & Allied Workers Local 164B Pension Trust | Jt. Board of Trustees - Cmta-Gmpp & Allied Workers Local 164B Pension | 1,843 | $118M | $63,843 |
| Iron Workers Regional Shop Local Union No 855 Pension Trust | Iron Workers Regional Shop Local Union 855 Pension Trust | 2,111 | $77.1M | $36,540 |
| San Francisco Lithographers Pension Trust | Board of Trustees, San Francisco Lithographers | 1,327 | $119M | $89,479 |
| Del Monte Foods Corporation II Inc. Retirement Plan | Del Monte Foods Corporation II Inc. | 2,160 | $176M | $81,634 |
| Pension Plan for Hourly Paid Employees of the Gallo Glass Company | Gallo Glass Company | 1,294 | $224M | $173,374 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Cubic Corporation Pension Plan?
1,857 participants at the end of the plan year ending 30 Sep 2025, of whom 140 were active employees, with net assets of $74,210,839. Among defined benefit plans that places it in the 1,000 to 4,999 participants band, which held 1,540 plans in plan year 2024.
What does Cubic Corporation 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 $392,982 in compensation to service provider organisations, $212 per participant or 0.53% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $309,823. 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 Cubic Corporation. Recordkeeping or administration: Prudential Insurance Co.. Investment advisory or management: Prudential Insurance Co.. Trustee or custodian: Prudential Insurance Co., US Bank and State Street Global Advisors Trust. The financial statements were audited by CBIZ CPAS P.C.. 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 Oct 2024 to 30 Sep 2025, received by the Department of Labor on 2 Jun 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 95-1678055, plan 002, received 2 Jun 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.