Arizona › Manufacturing › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
Butcher and Provision Workers Pension Fund of Southern California
Sponsored by Board of Trustees, Butcher and Provision Workers, Phoenix, AZ
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 Jun 2025, Butcher and Provision Workers Pension Fund of Southern California covered 2,703 participants and held −$13.6M in net assets. The plan is a defined benefit pension plan sponsored by Board of Trustees, Butcher and Provision Workers of Phoenix, Arizona. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Employer contributions were $193K for the year and benefits paid were $7.5M. 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 4 service provider organisations paid $5,000 or more, with reported compensation of $200K: $73.96 per participant, well below the same-size median of $325. Administrative expenses charged to the plan were $316K. 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 $88.9M in 2010 to −$13.6M in 2024 (down 115%), and participants from 3,760 to 2,703 (down 28%).
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 | — | $87,935 | $67,961 | $86,221 |
| Employer contributions per active participant | — | $10,593 | $6,915 | $10,244 |
| Schedule C compensation per participant | $73.96 | $325 | $299 | $344 |
| Schedule C compensation, share of net assets | — | 0.41% | 0.47% | 0.42% |
| Administrative expenses per participant | $117 | $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 | 2,703 | −$13.6M | −$5,040 | $193K | — | $200K |
| 2023 | 2,943 | −$6.0M | −$2,049 | $198K | — | $214K |
| 2022 | 3,078 | $1.8M | $590 | $195K | — | $230K |
| 2021 | 3,072 | $13.0M | $4,239 | $355K | — | $275K |
| 2020 | 3,253 | $25.0M | $7,689 | $133K | — | $302K |
| 2019 | 3,219 | $32.9M | $10,221 | $9.4M | — | $314K |
| 2018 | 3,320 | $34.3M | $10,342 | $1.5M | — | $343K |
| 2017 | 3,150 | $41.6M | $13,199 | $663K | — | $394K |
| 2016 | 3,405 | $49.5M | $14,537 | $662K | — | $339K |
| 2015 | 3,595 | $56.8M | $15,793 | $879K | — | $323K |
| 2014 | 3,491 | $64.9M | $18,598 | $1.3M | — | $424K |
| 2013 | 3,552 | $75.9M | $21,380 | $909K | — | $491K |
| 2011 | 3,731 | $78.1M | $20,944 | $1.1M | — | $483K |
| 2010 | 3,760 | $88.9M | $23,653 | $2.5M | — | $527K |
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−$6,028,755
- Employer contributions$192,826
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$192,826
- Total income, including investment results$192,955
- Benefits paid$7,470,601
- Administrative expenses$315,997
- Total expenses$7,786,598
- Net income−$7,593,643
- Net transfers$0
- Net assets, end of year−$13,622,398
Participants
- Active participants0
- Retired or separated, receiving benefits1,521
- Retired or separated, entitled to future benefits779
- Participants with account balances0
- Total participants, end of year2,703
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Southwest Service Administrators | Contract Administrator; Recordkeeping and information management | $107,878 | $0 |
| The Segal Company | Actuarial; Consulting (general) | $43,941 | $0 |
| Miller Kaplan Arase LLP | Accounting (including auditing) | $36,000 | $0 |
| Bank of America | Trustee (bank, trust company, or similar financial institution) | $12,101 | $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$107,878
- Other administrative expenses$95,787
- Actuarial fees$43,941
- IQPA audit fees$36,000
- Legal fees$18,653
- Trustee and custodial fees$13,738
- Total administrative expenses$315,997
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.
- Receivables$10.8M · 93.3%
- Cash (interest and non-interest bearing)$783K · 6.7%
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 311610: Animal Slaughtering and Processing.
Similar plans in Arizona
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Avnet Pension Plan | Avnet, Inc. | 7,500 | $472M | $62,950 |
| Retirement Plan for Employees of Carlisle LLC | Carlisle LLC | 939 | $58.2M | $61,948 |
| Rogers Corporation Employees' Pension Plan | Rogers Corporation | 373 | $25.6M | $68,521 |
| Aviation Communication & Surveillance Systems Pension Plan | Aviation Communication & Surveillance Sy | 244 | $58.8M | $241,023 |
| MD Helicopters, LLC Cash Balance Pension Plan | MD Helicopters, LLC | 200 | $8.1M | $40,734 |
| Walbro LLC UAW Local No. 9699 Pension Plan | Walbro LLC | 156 | $6.2M | $39,828 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Butcher and Provision Workers Pension Fund of Southern California?
2,703 participants at the end of the plan year ending 30 Jun 2025, of whom 0 were active employees, with net assets of −$13,622,398. 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 Board of Trustees, Butcher and Provision Workers contribute per participant?
The filing reports $192,826 in employer contributions for the year; the median for plans of the same type and size was $10,593 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 $199,920 in compensation to service provider organisations, $73.96 per participant. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $315,997. 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, Butcher and Provision Workers. Recordkeeping or administration: Southwest Service Administrators. Trustee or custodian: Bank of America. 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 Jul 2024 to 30 Jun 2025, received by the Department of Labor on 15 Apr 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 95-6035330, plan 001, received 15 Apr 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.