Other · DOL Form 5500 · 2022
Operating Engineers Local 428 Annuity Trust Fund Retirement Plan
Data updated 2026-08-25
- $256M
- Total assets Near avg plan size
- 7,538
- Participants Very large workforce
- 96th
- Percentile by assets National rank
- $34,008
- Avg per participant Low balance/head
Official DOL plan name: Operating Engineers Local 428 Annuity Trust Fund · Sponsored by Operating Engineers Local 428 Annuity Trust Fund · Arizona · Construction
$256M in assets, 7,538 participants
Operating Engineers Local 428 Annuity Trust Fund's Operating Engineers Local 428 Annuity Trust Fund reported $256M in total assets and 7,538 participants in its 2022 DOL Form 5500 filing, ranking in the 96th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- #9,515 in Construction (9,927 peers)
Coverage in Arizona
Operating Engineers Local 428 Annuity Trust Fund covers 7,538 participants in Arizona, 13x the typical Arizona plan (state average ~564 per filing). Assets: $256M.
- #9,515
- in Construction (9,927 peers)
- -16.0%
- assets change YoY
- 2.6×
- vs typical plan assets (national mean)
The plan reported a net loss of $49M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Operating Engineers Local 428 Annuity Trust Fund's outsized position by total assets
Operating Engineers Local 428 Annuity Trust Fund vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$256,355,567 Top 4% higher than 96% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Operating Engineers Local 428 Annuity Trust Fund's large-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Operating Engineers Local 428 Annuity Trust Fund lands in the large band (7,538 participants).
Plan-year Form 5500 strip
Filing strip 866025732 · Operating Engineers Local 428 Annuity Trust Fund PY 2022 · Other
Operating Engineers Local 428 Annuity Trust Fund · $256M · 7,538 · 96th
- VS-ST $256M
- BOY 7,538
- SCH 96th
- EBSA Other
- PART near Swedish Health Services 403(b) Retirement Plan
- TYPE ind #9515
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Construction retirement plans → · Plans in Arizona →
Operating Engineers Local 428 Annuity Trust Fund in the asset neighbourhood
Arizona filing particulars
| Total Assets (Beginning of Year) | $305M |
|---|---|
| Net Assets (End of Year) | $256M |
| Net Income | -$49M |
| Employer EIN | 866025732 |
| Plan Effective Date | 1985-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Operating Engineers Local 428 Annuity Trust Fund)
Sponsor-wide plan assets over time
All Operating Engineers Local 428 Annuity Trust Fund plans reported in each filing year
- Latest sponsor-wide plan assets
- $330M 18.814453066478595% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 7,554 | $278M |
| 2023 | 2 | 7,682 | $311M |
| 2024 | 2 | 7,789 | $330M |
Nearby Other Plans in Arizona
Peer Other plans, same state, same plan type, ranked by total assets.
- Honorhealth 403(b) Retirement Security Plan $873M · 12,089
- Banner Health Employees 403(b) Plan $146M · 10,133
- El Rio Santa Cruz Neighborhood Health Center, Inc. Retirement Plan $120M · 1,633
- Kingman Regional Medical Center Employee Retirement Plan $91M · 1,954
- Arizona State Carpenter's Annuity Trust Fund $87M · 4,161
Scale composition for Operating Engineers Local 428 Annuity Trust Fund
Operating Engineers Local 428 Annuity Trust Fund reports $256M in end-of-year assets across 7,538 participants (0.002% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 covered participants) - about $34,008 per participant (25% of the national average assets-per-participant) . Net income for plan year 2022 was -$49M.
This plan identity (EIN 866025732, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $256M to $313M (+22.3%) while covered participants moved from 7,538 to 7,789 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 7,538 | $256M | This page |
| 2023 | 7,670 | $291M | Open filing |
| 2024 · index core | 7,789 | $313M | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Operating Engineers Local 428 Annuity Trust Fund (Other, $313M, 7,789 participants)
Operating Engineers Local 428 Annuity Trust Fund's out-of-state Other peers by assets and headcount
Outside Arizona, the nearest Other by assets is Swedish Health Services 403(b) Retirement Plan in WA ($256M); by covered participants it is Lahey Clinic 403(b) Retirement Savings Plan in MA (7,535 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($256M here).
- Swedish Health Services 403(b) Retirement Plan (WA) $256M · 1,489
- Occidental College 403(b) Retirement Plan (CA) $256M · 709
- Western University of Health Sciences 403(b) Plan (CA) $258M · 1,205
- Champlain Valley Physicians Hospital 403(b) Retirement Savings Plan (NY) $254M · 2,184
Similar participant headcount
Nearest other-state filings by covered participants (7,538 participants); asset peers above are excluded.
- Lahey Clinic 403(b) Retirement Savings Plan (MA) 7,535 · 3 off
- H. Lee Moffitt Cancer Center and Research (FL) 7,567 · 29 off
- Nyu Grossman School of Medicine Management and Staff 403(b) Retirement Plan (NY) 7,574 · 36 off
- Nebraska Methodist Health System Defined Contribution Retirement Plan (NE) 7,620 · 82 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.