Defined Benefit (Pension) · DOL Form 5500 · 2022

Board of Trustees of U.a. Local 38 Trust Funds Pension Plan

Data updated 2026-08-25

$461M
Total assets Above avg plan size
1,458
Participants Near avg headcount
98th
Percentile by assets National rank
$316,396
Avg per participant High balance/head
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Official DOL plan name: U. a. Local 38 Defined Benefit Pension Plan · Sponsored by Board of Trustees of U.a. Local 38 Trust Funds · California · Construction

$461M in assets, 1,458 participants

Board of Trustees of U.a. Local 38 Trust Funds's U. a. Local 38 Defined Benefit Pension Plan reported $461M in total assets and 1,458 participants in its 2022 DOL Form 5500 filing, ranking in the 98th 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.

  • #9,683 in Construction (9,927 peers)

Coverage in California

U. a. Local 38 Defined Benefit Pension Plan covers 1,458 participants in California, 2.3x the typical California plan (state average ~630 per filing). Assets: $461M.

#9,683
in Construction (9,927 peers)
+6.5%
assets growth YoY
4.6×
vs typical plan assets (national mean)

U. a. Local 38 Defined Benefit Pension Plan's outsized position by total assets

U. a. Local 38 Defined Benefit Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$461,305,217 Top 2% higher than 98% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

U. a. Local 38 Defined Benefit Pension Plan'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. U. a. Local 38 Defined Benefit Pension Plan lands in the large band (1,458 participants).

Form 5500 schedule snapshot

Filing strip 941285319 · Board of Trustees of U.a. Local 38 Trust Funds PY 2022 · Defined Benefit (Pension)

U. a. Local 38 Defined Benefit Pension Plan · $461M · 1,458 · 98th

  • PCT $461M
  • EIN 1,458
  • RANK 98th
  • PHOTO Defined Benefit (Pension)
  • IND near Metal Lathers Local 46 Pension Fund
  • EOY ind #9683

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 California →

U. a. Local 38 Defined Benefit Pension Plan in the asset neighbourhood

Lifespan Corporation Retirement PlanLifespan Corporation Retirem…$464MMetal Lathers Local 46 Pension FundMetal Lathers Local 46 Pensi…$462MU. a. Local 38 Defined Benefit Pension PlanU. a. Local 38 Defined Benef…$461MRoofers Pension Fund$461MThe Rowan Pension Plan$459M
End-of-year total assets ($M) among U. a. Local 38 Defined Benefit Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

California filing particulars

Total Assets (Beginning of Year)$433M
Net Assets (End of Year)$459M
Net Income$27M
Employer EIN941285319
Plan Effective Date1955-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees of U.a. Local 38 Trust Funds)

Sponsor-wide plan assets over time

All Board of Trustees of U.a. Local 38 Trust Funds plans reported in each filing year

Latest sponsor-wide plan assets
$766M 18.612059335724958% vs 2022
2024 filing year
$600M$650M$700M$750M$800M 202220232024 $645M $766M ▲ +18.6%
Year Plans Participants Total Assets
2022 2 2,494 $645M
2023 2 2,761 $710M
2024 2 2,760 $766M

Nearby Defined Benefit (Pension) Plans in California

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

U. a. Local 38 Defined Benefit Pension Plan vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants U. a. Local 38 Defined Benefit Pension Plan, Total assets ($B): 0.461305217 · Participants: 1458U. a. Local 38 Defined Benefit Pension PlanKaiser Permanente Retirement Plan, Total assets ($B): 31.853758931 · Participants: 126331Kaiser Permanente Retirement PlanPacific Gas and Electric Company Retirement Plan, Total assets ($B): 17.05949917 · Participants: 25709Pacific Gas and Electric Company Retirement PlanRetirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc., Total assets ($B): 10.381485239 · Participants: 19326Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc.Disney Salaried Pension Plan D, Total assets ($B): 9.228005463 · Participants: 11405Disney Salaried Pension Plan DWells Fargo & Company Cash Balance Plan, Total assets ($B): 8.784432859 · Participants: 59141Wells Fargo & Company Cash Balance Plan
U. a. Local 38 Defined Benefit Pension Plan vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants
Compare U. a. Local 38 Defined Benefit Pension Plan side-by-side with 3 peers →

U. a. Local 38 Defined Benefit Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside California, the nearest Defined Benefit (Pension) by assets is Metal Lathers Local 46 Pension Fund in NY ($462M); by covered participants it is St. Paul Electrical Construction Pension Plan in MN (1,458 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($461M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,458 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did U. a. Local 38 Defined Benefit Pension Plan assets move in 2022? ▼
U. a. Local 38 Defined Benefit Pension Plan grew at a solid clip - up 6.5% during 2022, from $433M to $461M. Reported net income was $27M.
How have Board of Trustees of U.a. Local 38 Trust Funds plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees of U.a. Local 38 Trust Funds's sponsor-wide assets grew 18.6%, from $645M to $766M.
Where does U. a. Local 38 Defined Benefit Pension Plan rank by assets among Form 5500 filers? ▼
U. a. Local 38 Defined Benefit Pension Plan ranks in the 98th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to U. a. Local 38 Defined Benefit Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Metal Lathers Local 46 Pension Fund in NY ($462M, 923 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to U. a. Local 38 Defined Benefit Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is St. Paul Electrical Construction Pension Plan in MN (1,458 participants, $332M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 941285319.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.