Defined Benefit (Pension) · DOL Form 5500 · 2023

Operating Engineers Local 428 Pension Trust Pension Plan

Data updated 2026-08-25

$19M
Total assets Small plan by assets
12
Participants Small participant base
72nd
Percentile by assets National rank
$1.6M
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Operating Engineers Local 428 Pension Trust · Sponsored by Operating Engineers Local 428 Pension Trust · Arizona · Construction

$19M in assets, 12 participants

Operating Engineers Local 428 Pension Trust's Operating Engineers Local 428 Pension Trust reported $19M in total assets and 12 participants in its 2023 DOL Form 5500 filing, ranking in the 72nd 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.

  • #6,402 in Construction (9,030 peers)

Operating Engineers Local 428 Pension Trust multi-year trail

Operating Engineers Local 428 Pension Trust's plans moved +18.8% in assets from 2022 to 2024; this filing shows Operating Engineers Local 428 Pension Trust at $19M / 12 participants.

#6,402
in Construction (9,030 peers)
-9.5%
assets change YoY

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Operating Engineers Local 428 Pension Trust's outsized position by total assets

Operating Engineers Local 428 Pension Trust vs every filed plan by assets

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

$19,481,120 Top 28% higher than 72% 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

Operating Engineers Local 428 Pension Trust among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Operating Engineers Local 428 Pension Trust is a small filing (12 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Operating Engineers Local 428 Pension Trust reported net income rose from -$8M in the plan year 2022 filing to -$2M in the plan year 2023 filing.
  • Operating Engineers Local 428 Pension Trust reported participants fell from 16 in the plan year 2022 filing to 12 in the plan year 2023 filing.
  • Operating Engineers Local 428 Pension Trust end-of-year assets fell from $22M in the plan year 2022 filing to $19M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 866025732 · Operating Engineers Local 428 Pension Trust PY 2023 · Defined Benefit (Pension)

Operating Engineers Local 428 Pension Trust · $19M · 12 · 72nd

  • ASSETS $19M
  • ASSETS 12
  • ASSETS 72nd
  • ASSETS Defined Benefit (Pension)
  • ASSETS near Retirement Plan of the Jewish Federations of North America
  • ASSETS ind #6402

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 Pension Trust in the asset neighbourhood

Operating Engineers Local 428 Pension TrustOperating Engineers Local 42…$19MRetirement Plan of the Jewish Federations of North AmericaRetirement Plan of the Jewis…$19MLicking Memorial Hospital Pension PlanLicking Memorial Hospital Pe…$19MEmployees' Retirement Plan of the Kensico CemeteryEmployees' Retirement Plan o…$19MEssa Bank and Trust Pension PlanEssa Bank and Trust Pension …$19M
End-of-year total assets ($M) among Operating Engineers Local 428 Pension Trust and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Operating Engineers Local 428 Pension Trust multi-year asset trail

Sponsor-wide plan assets over time

All Operating Engineers Local 428 Pension Trust plans reported in each filing year

Latest sponsor-wide plan assets
$330M 18.814453066478595% vs 2022
2024 filing year
$260M$280M$300M$320M$340M 202220232024 $278M $330M ▲ +18.8%
Year Plans Participants Total Assets
2022 2 7,554 $278M
2023 2 7,682 $311M
2024 2 7,789 $330M

Operating Engineers Local 428 Pension Trust filing trail (2023)

Total Assets (Beginning of Year)$22M
Net Assets (End of Year)$19M
Net Income-$2M
Employer EIN866025732
Plan Effective Date1963-06-01
Filing StatusFILING RECEIVED

Nearby Defined Benefit (Pension) Plans in Arizona

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

Operating Engineers Local 428 Pension Trust vs. nearby Defined Benefit (Pension) plans in Arizona, assets vs. participants Scatter plot of 6 data points. -50000500010000150002000025000 -101234 Total assets ($B) Participants Operating Engineers Local 428 Pension Trust, Total assets ($B): 0.01948112 · Participants: 12Operating Engineers Local 428 Pension TrustPinnacle West Capital Corporation Retirement Plan, Total assets ($B): 3.271793253 · Participants: 5824Pinnacle West Capital Corporation Retirement PlanSalt River Project Employees' Retirement Plan, Total assets ($B): 2.784269809 · Participants: 4790Salt River Project Employees' Retirement PlanFreeport Minerals Corporation Retirement Plan, Total assets ($B): 1.443465749 · Participants: 2597Freeport Minerals Corporation Retirement PlanDesert States Employers & Ufcw Unions Pension Plan, Total assets ($B): 1.005171309 · Participants: 19139Desert States Employers & Ufcw Unions Pension PlanAvnet Pension Plan, Total assets ($B): 0.50129138 · Participants: 2483Avnet Pension Plan
Operating Engineers Local 428 Pension Trust vs. nearby Defined Benefit (Pension) plans in Arizona, assets vs. participants
Compare Operating Engineers Local 428 Pension Trust side-by-side with 3 peers →

Operating Engineers Local 428 Pension Trust's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Arizona, the nearest Defined Benefit (Pension) by assets is Retirement Plan of the Jewish Federations of North America in NY ($19M); by covered participants it is Niagara Frontier Anesthesia Services, LLP Cash Balance Plan in NY (12 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (12 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 Operating Engineers Local 428 Pension Trust assets move in 2023? ▼
Operating Engineers Local 428 Pension Trust pulled back noticeably - down 9.5% during 2023, from $22M to $19M. Reported net income was -$2M.
How have Operating Engineers Local 428 Pension Trust plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Operating Engineers Local 428 Pension Trust's sponsor-wide assets grew 18.8%, from $278M to $330M.
Which Defined Benefit (Pension) plans are similar in size to Operating Engineers Local 428 Pension Trust? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Retirement Plan of the Jewish Federations of North America in NY ($19M, 25 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Operating Engineers Local 428 Pension Trust? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Niagara Frontier Anesthesia Services, LLP Cash Balance Plan in NY (12 participants, N/A 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 866025732.

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.