California › Wholesale trade › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Aug 2024 to 31 Jul 2025
Shopmen's Iron Workers Retirement Fund of Southern California
Sponsored by JT Board of Trustees, Shopmen's Iron Workers Retirement Fund, Pasadena, 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.
JT Board of Trustees, Shopmen's Iron Workers Retirement Fund of Pasadena, California sponsors Shopmen's Iron Workers Retirement Fund of Southern California, a money purchase plan. Its Form 5500 for the plan year ending 31 Jul 2025 shows 3,385 participants (294 active) and $89.3M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $26,371 per participant, well below the $50,295 median for defined contribution plans with 1,000 to 4,999 participants and well below the $65,557 median for defined contribution plans in wholesale trade. 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 $816K during the year, or $2,774 per active participant against a same-size median of $2,045; participants contributed — and $2,722 arrived as rollovers and other contributions. Benefits paid out totalled $5.6M.
Schedule C lists 11 service provider organisations paid $5,000 or more, with reported compensation of $331K: $97.64 per participant, above the same-size median of $82.08. Administrative expenses charged to the plan were $366K. 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 $48.4M in 2009 to $89.3M in 2024 (up 84%), and participants from 3,599 to 3,385 (down 6%).
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 | $26,371 | $50,295 | $65,557 | $53,102 |
| Employer contributions per active participant | $2,774 | $2,045 | $2,107 | $2,175 |
| Schedule C compensation per participant | $97.64 | $82.08 | $153 | $123 |
| Schedule C compensation, share of net assets | 0.37% | 0.17% | 0.27% | 0.26% |
| Administrative expenses per participant | $108 | $82.20 | $147 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 1,000 to 4,999 participants (10,207 plans), wholesale trade (3,526) 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 | 3,385 | $89.3M | $26,371 | $816K | — | $331K |
| 2023 | 3,426 | $85.9M | $25,060 | $869K | — | $315K |
| 2022 | 3,480 | $80.4M | $23,090 | $879K | — | $274K |
| 2021 | 3,490 | $83.3M | $23,877 | $912K | — | $274K |
| 2020 | 3,486 | $94.2M | $27,008 | $1.1M | — | $239K |
| 2019 | 3,580 | $79.2M | $22,135 | $1.1M | — | $238K |
| 2018 | 3,607 | $76.7M | $21,276 | $1.2M | — | $219K |
| 2017 | 3,672 | $74.7M | $20,343 | $1.0M | — | $237K |
| 2016 | 3,626 | $70.5M | $19,442 | $1.0M | — | $208K |
| 2015 | 3,595 | $66.1M | $18,373 | $1.0M | — | $204K |
| 2014 | 3,588 | $65.3M | $18,190 | $1.0M | — | $193K |
| 2013 | 3,633 | $62.7M | $17,251 | $887K | — | $185K |
| 2012 | 3,451 | $59.5M | $17,252 | $942K | — | $172K |
| 2011 | 3,457 | $54.1M | $15,663 | $903K | — | $155K |
| 2010 | 3,591 | $53.2M | $14,813 | $802K | — | $155K |
| 2009 | 3,599 | $48.4M | $13,449 | $882K | — | $148K |
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$85,855,197
- Employer contributions$815,657
- Participant contributions—
- Rollovers and other contributions$2,722
- Total contributions$818,379
- Total income, including investment results$9,380,404
- Benefits paid$5,603,474
- Administrative expenses$366,418
- Total expenses$5,969,892
- Net income$3,410,512
- Net transfers$0
- Net assets, end of year$89,265,709
Participants
- Active participants294
- Retired or separated, receiving benefits—
- Retired or separated, entitled to future benefits3,091
- Participants with account balances3,385
- Total participants, end of year3,385
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Ironworkers Employee Benefit Corp. | Contract Administrator | $72,150 | $0 |
| Strategic Capital Inv Advisors | Investment advisory (plan) | $55,903 | $0 |
| Washington Capital Management Inc. | Investment management | $47,100 | $0 |
| National Investment Servcies Inc. | Investment management | $40,017 | $0 |
| Kraw Law Group | Legal | $27,024 | $0 |
| Clarion Lion Properties Fund | Investment management | $23,574 | $0 |
| MC Menomy & Associates CPAS LLP | Accounting (including auditing) | $20,600 | $0 |
| Iron Mountain | Other fees | $14,741 | $0 |
| Oxford Risk Management & Insurance | Consulting fees | $12,000 | $0 |
| Principal Custody Solutions | Custodial (securities) | $11,862 | $0 |
| U.S. Bank | Other services | $5,548 | $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$166,594
- Contract administrator fees$72,150
- Other administrative expenses$68,188
- Legal fees$27,024
- IQPA audit fees$20,600
- Trustee and custodial fees$11,862
- Total administrative expenses$366,418
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)$58.5M · 65.6%
- Other investments$14.8M · 16.6%
- Partnership/joint venture interests$14.7M · 16.5%
- Cash (interest and non-interest bearing)$1.1M · 1.2%
- Receivables$77K · 0.1%
- Buildings and other property used in plan operation$37K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmMC Menomy & Associates CPAS LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- 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) plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 423700: Hardware, Plumbing, & Heating Equipment & Supplies.
Similar plans in California
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Ymus and Affiliates 401(k) Plan | Yamaha Motor Corporation, U.S.A. | 3,681 | $326M | $88,487 |
| Ready Pac Foods, Inc. 401(k) Retirement Savings Plan | Ready Pac Produce, Inc. | 3,129 | $66.4M | $21,235 |
| Resmed U S 401(k) Plan | Resmed Corp. | 3,853 | $401M | $103,982 |
| Herbalife International of America, Inc. Employees 401(k) Profit Sharing | Herbalife International of America, Inc. | 2,992 | $417M | $139,329 |
| Patagonia Works 401(k) Plan | Patagonia Works | 4,008 | $405M | $101,038 |
| Rippling 401(k) Plan | Rippling | 2,890 | $76.6M | $26,503 |
Defined contribution plans in wholesale trade closest in size.
Questions and answers
How big is Shopmen's Iron Workers Retirement Fund of Southern California?
3,385 participants at the end of the plan year ending 31 Jul 2025, of whom 294 were active employees, with net assets of $89,265,709. Among defined contribution plans that places it in the 1,000 to 4,999 participants band, which held 10,207 plans in plan year 2024.
What does JT Board of Trustees, Shopmen's Iron Workers Retirement Fund contribute per participant?
The filing reports $815,657 in employer contributions for the year, which is $2,774 per active participant; the median for plans of the same type and size was $2,045 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 $330,519 in compensation to service provider organisations, $97.64 per participant or 0.37% of net assets. The same-size median among plans reporting any Schedule C compensation was $82.08 per participant. Administrative expenses on Schedule H were $366,418. 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 JT Board of Trustees, Shopmen's Iron Workers Retirement Fund. Recordkeeping or administration: Ironworkers Employee Benefit Corp.. Investment advisory or management: Strategic Capital Inv Advisors, Washington Capital Management Inc. and National Investment Servcies Inc.. Trustee or custodian: Principal Custody Solutions. The financial statements were audited by MC Menomy & Associates CPAS 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 16 Feb 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 95-6042233, plan 002, received 16 Feb 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.