Defined Benefit (Pension) · DOL Form 5500 · 2023

Joint Board of Trustees Southwest Carpenters Pension Trust Pension Plan

Data updated 2026-08-25

$6.8B
Total assets Very large vs avg
45,891
Participants Very large workforce
100th
Percentile by assets National rank
$148,833
Avg per participant Above avg balance/head
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Official DOL plan name: Southwest Carpenters Pension Trust · Sponsored by Joint Board of Trustees Southwest Carpenters Pension Trust · California · Construction

$6.8B in assets, 45,891 participants

Joint Board of Trustees Southwest Carpenters Pension Trust's Southwest Carpenters Pension Trust reported $6.8B in total assets and 45,891 participants in its 2023 DOL Form 5500 filing, ranking in the 100th 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.

  • #9,023 in Construction (9,030 peers)

Coverage in California

Southwest Carpenters Pension Trust covers 45,891 participants in California, 73x the typical California plan (state average ~630 per filing). Assets: $6.8B.

#9,023
in Construction (9,030 peers)
+12.5%
assets growth YoY
69×
vs typical plan assets (national mean)

Southwest Carpenters Pension Trust's outsized position by total assets

Southwest Carpenters Pension Trust vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$6,830,102,608 Highest reported value at or above every one of 127,068 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 2023

Southwest Carpenters Pension Trust's mega-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Southwest Carpenters Pension Trust is a mega filing (45,891 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Southwest Carpenters Pension Trust reported net income rose from -$880M in the plan year 2022 filing to $763M in the plan year 2023 filing.
  • Southwest Carpenters Pension Trust end-of-year assets rose from $6.1B in the plan year 2022 filing to $6.8B in the plan year 2023 filing.
  • Southwest Carpenters Pension Trust reported participants rose from 42,115 in the plan year 2022 filing to 45,891 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 956042875 · Joint Board of Trustees Southwest Carpenters Pension Trust PY 2023 · Defined Benefit (Pension)

Southwest Carpenters Pension Trust · $6.8B · 45,891 · 100th

  • BOOK $6.8B
  • BOOK 45,891
  • BOOK 100th
  • BOOK Defined Benefit (Pension)
  • BOOK near Liberty Mutual Retirement Benefit Plan
  • BOOK ind #9023

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 →

Southwest Carpenters Pension Trust in the asset neighbourhood

United Association National Pension FundUnited Association National …$7.1BLiberty Mutual Retirement Benefit PlanLiberty Mutual Retirement Be…$6.9BSouthwest Carpenters Pension TrustSouthwest Carpenters Pension…$6.8BAltria Retirement Plan$6.7BSteelworkers Pension Trust$6.6B
End-of-year total assets ($B) among Southwest Carpenters Pension Trust and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

California filing particulars

Total Assets (Beginning of Year)$6.1B
Net Assets (End of Year)$6.8B
Net Income$763M
Employer EIN956042875
Plan Effective Date1959-09-14
Filing StatusFILING RECEIVED

Sponsor Plan History (Joint Board of Trustees Southwest Carpenters Pension Trust)

Sponsor-wide plan assets over time

All Joint Board of Trustees Southwest Carpenters Pension Trust plans reported in each filing year

Latest sponsor-wide plan assets
$11.3B 86.83952634371089% vs 2022
2024 filing year
$4B$6B$8B$10B$12B 202220232024 $6.07B $11.3B ▲ +86.8%
Year Plans Participants Total Assets
2022 1 42,115 $6.1B
2023 1 45,891 $6.8B
2024 1 48,582 $11.3B

Nearby Defined Benefit (Pension) Plans in California

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

Southwest Carpenters Pension Trust vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants Scatter plot of 6 data points. 050000100000150000 010203040 Total assets ($B) Participants Southwest Carpenters Pension Trust, Total assets ($B): 6.830102608 · Participants: 45891Southwest Carpenters Pension TrustKaiser Permanente Retirement Plan, Total assets ($B): 33.538817099 · Participants: 127356Kaiser Permanente Retirement PlanPacific Gas and Electric Company Retirement Plan, Total assets ($B): 21.40954351 · Participants: 22914Pacific Gas and Electric Company Retirement PlanPacific Gas and Electric Company Retirement Plan, Total assets ($B): 17.980531142 · Participants: 25647Pacific Gas and Electric Company Retirement PlanRetirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc., Total assets ($B): 10.814691143 · Participants: 19545Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc.Disney Salaried Pension Plan D, Total assets ($B): 10.057095066 · Participants: 10813Disney Salaried Pension Plan D
Southwest Carpenters Pension Trust vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants
Compare Southwest Carpenters Pension Trust side-by-side with 3 peers →

Scale composition for Southwest Carpenters Pension Trust

Southwest Carpenters Pension Trust reports $6.8B in end-of-year assets across 45,891 participants (0.055% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.049% of 93,925,755 covered participants) - about $148,833 per participant (1.1x the national average assets-per-participant) . Net income for plan year 2023 was $763M.

This plan identity (EIN 956042875, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $6.1B to $11.3B (+86.8%) while covered participants moved from 42,115 to 48,582 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 42,115 $6.1B Open filing
2023 45,891 $6.8B This page
2024 · index core 48,582 $11.3B Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Southwest Carpenters Pension Trust's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside California, the nearest Defined Benefit (Pension) by assets is Liberty Mutual Retirement Benefit Plan in MA ($6.9B); by covered participants it is Ernst & Young Defined Benefit Retirement Plan in NJ (45,954 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($6.8B here).

Similar participant headcount

Nearest other-state filings by covered participants (45,891 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Southwest Carpenters Pension Trust assets move in 2023? ▼
Southwest Carpenters Pension Trust grew at a solid clip - up 12.5% during 2023, from $6.1B to $6.8B. Reported net income was $763M.
How have Joint Board of Trustees Southwest Carpenters Pension Trust plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Joint Board of Trustees Southwest Carpenters Pension Trust's sponsor-wide assets grew 86.8%, from $6.1B to $11.3B.
Where does Southwest Carpenters Pension Trust rank by assets among Form 5500 filers? ▼
Southwest Carpenters Pension Trust ranks in the 100th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to Southwest Carpenters Pension Trust? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Liberty Mutual Retirement Benefit Plan in MA ($6.9B, 37,145 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Southwest Carpenters Pension Trust? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Ernst & Young Defined Benefit Retirement Plan in NJ (45,954 participants, $2.3B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 956042875.

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.