California › Construction › 500 to 999 participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
IBEW Local #952 Ventura Division of la County Chapter Neca Pension Trust Fund
Sponsored by Board of Trustees, IBEW Local 952 Ventura Division, Fresno, 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 30 Jun 2025, IBEW Local #952 Ventura Division of la County Chapter Neca Pension Trust Fund covered 877 participants and held $130M in net assets. The plan is a defined benefit pension plan sponsored by Board of Trustees, IBEW Local 952 Ventura Division of Fresno, California. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $147,816 per participant, well above the $86,583 median for defined benefit plans with 500 to 999 participants and well above 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 $8.9M for the year ($24,786 per active participant) and benefits paid were $11.9M. 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 14 service provider organisations paid $5,000 or more, with reported compensation of $811K: $925 per participant, well above the same-size median of $377. Administrative expenses charged to the plan were $874K. 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 $73.5M in 2009 to $130M in 2024 (up 76%), and participants from 699 to 877 (up 25%).
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 | $147,816 | $86,583 | $100,593 | $86,221 |
| Employer contributions per active participant | $24,786 | $10,758 | $13,292 | $10,244 |
| Schedule C compensation per participant | $925 | $377 | $443 | $344 |
| Schedule C compensation, share of net assets | 0.63% | 0.48% | 0.46% | 0.42% |
| Administrative expenses per participant | $996 | $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 | 877 | $130M | $147,815 | $8.9M | — | $811K |
| 2023 | 868 | $118M | $136,076 | $8.2M | — | $789K |
| 2022 | 870 | $110M | $126,903 | $9.2M | — | $701K |
| 2021 | 877 | $103M | $116,951 | $9.2M | — | $849K |
| 2020 | 859 | $113M | $131,562 | $9.6M | — | $764K |
| 2019 | 818 | $92.1M | $112,615 | $8.4M | — | $690K |
| 2018 | 794 | $95.3M | $120,073 | $8.9M | — | $651K |
| 2017 | 817 | $92.0M | $112,618 | $7.7M | — | $667K |
| 2016 | 799 | $87.9M | $110,005 | $6.2M | — | $676K |
| 2015 | 799 | $82.5M | $103,212 | $5.8M | — | $653K |
| 2014 | 786 | $85.7M | $109,095 | $5.0M | — | $368K |
| 2013 | 789 | $87.2M | $110,496 | $3.9M | — | $356K |
| 2012 | 800 | $80.7M | $100,850 | $4.6M | — | $386K |
| 2011 | 797 | $78.2M | $98,152 | $4.3M | — | $429K |
| 2010 | 767 | $81.3M | $105,940 | $3.3M | — | $482K |
| 2009 | 699 | $73.5M | $105,187 | $3.2M | — | $580K |
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$118,114,039
- Employer contributions$8,898,022
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$8,898,022
- Total income, including investment results$24,261,190
- Benefits paid$11,867,302
- Administrative expenses$873,546
- Total expenses$12,740,848
- Net income$11,520,342
- Net transfers$0
- Net assets, end of year$129,634,381
Participants
- Active participants359
- Retired or separated, receiving benefits262
- Retired or separated, entitled to future benefits154
- Participants with account balances0
- Total participants, end of year877
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Benefit Administration Corporation | Contract Administrator | $107,391 | $0 |
| Alan Biller and Associates | Investment advisory (plan) | $97,770 | $0 |
| Union Labor Life Insurance Company | Investment management | $89,977 | $0 |
| Milliman | Actuarial; Investment advisory (plan) | $86,388 | $0 |
| Miller Kaplan Arase LLP | Accounting (including auditing) | $71,067 | $0 |
| JP Morgan Investment Management Inc. | Investment management | $61,115 | $0 |
| Arrowstreet Capital | Investment management | $50,999 | $0 |
| US Bank | Custodial (securities); Trustee (bank, trust company, or similar financial institution) | $50,717 | $0 |
| Washington Capital Management, Inc. | Investment management | $37,303 | $0 |
| JP Morgan Chase Bank N.A. | Investment management | $37,009 | $0 |
| Wellington Trust Company | Investment management | $34,408 | $0 |
| Audax Management Company | Investment management | $33,045 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 2 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$466,016
- Contract administrator fees$107,391
- Actuarial fees$86,388
- Other administrative expenses$60,466
- Trustee and custodial fees$50,717
- Recordkeeping fees$47,567
- Legal fees$29,206
- IQPA audit fees$23,500
- Other trustee fees and expenses$2,295
- Total administrative expenses$873,546
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$63.8M · 49.1%
- 103-12 investment entities$21.2M · 16.3%
- Partnership/joint venture interests$16.7M · 12.8%
- Registered investment companies (mutual funds)$13.2M · 10.1%
- Insurance company general account$9.0M · 6.9%
- Cash (interest and non-interest bearing)$2.9M · 2.3%
- Other investments$1.9M · 1.5%
- Receivables$1.2M · 0.9%
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 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
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.
Similar plans in California
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| So. Ca. Rock Prod. & Ready Mixed Concrete Industries Operating Eng. Employees Ret. Plan | Pension & Insurance Committee, Southern California Rock Products | 972 | $29.4M | $30,225 |
| Solano-Napa Counties Electrical Workers Pension Plan | Bot of Solano-Napa Counties Electric Workers PT | 843 | $161M | $191,503 |
| Central California Ibew-Neca Pension Trust Fund | Board of Trustees, Central California Ibew-Neca | 1,108 | $130M | $117,722 |
| San Diego County Cement Masons Pension Plan | Board of Trustees, San Diego County Cement Masons | 829 | $41.6M | $50,194 |
| Marine Carpenters Pension Fund | Board of Trustees, Marine Carpenters Pension Fund | 1,184 | $88.7M | $74,921 |
| IBEW Local 684 Pension Trust | Board of Trustees, IBEW Local 684 Pension Trust | 773 | $80.1M | $103,583 |
Defined benefit plans in construction closest in size.
Questions and answers
How big is IBEW Local #952 Ventura Division of la County Chapter Neca Pension Trust Fund?
877 participants at the end of the plan year ending 30 Jun 2025, of whom 359 were active employees, with net assets of $129,634,381. 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 952 Ventura Division contribute per participant?
The filing reports $8,898,022 in employer contributions for the year, which is $24,786 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 $810,785 in compensation to service provider organisations, $925 per participant or 0.63% of net assets. The same-size median among plans reporting any Schedule C compensation was $377 per participant. Administrative expenses on Schedule H were $873,546. 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 952 Ventura Division. Recordkeeping or administration: Benefit Administration Corporation. Investment advisory or management: Alan Biller and Associates, Union Labor Life Insurance Company and Milliman. Trustee or custodian: US 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 Jul 2024 to 30 Jun 2025, received by the Department of Labor on 14 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 95-6397996, plan 001, received 14 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.