Other · DOL Form 5500 · 2023
Operating Engineers Local 428 Annuity Trust Fund Retirement Plan
Data updated 2026-08-25
- $291M
- Total assets Near avg plan size
- 7,670
- Participants Very large workforce
- 96th
- Percentile by assets National rank
- $37,983
- 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
$291M in assets, 7,670 participants
Operating Engineers Local 428 Annuity Trust Fund's Operating Engineers Local 428 Annuity Trust Fund reported $291M in total assets and 7,670 participants in its 2023 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.
- #8,604 in Construction (9,030 peers)
Coverage in Arizona
Operating Engineers Local 428 Annuity Trust Fund covers 7,670 participants in Arizona, 14x the typical Arizona plan (state average ~564 per filing). Assets: $291M.
- #8,604
- in Construction (9,030 peers)
- +13.6%
- assets growth YoY
- 2.9×
- vs typical plan assets (national mean)
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 2023 · DOL Form 5500
$291,333,345 Top 4% higher than 96% of 127,068 filed plans
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 Annuity Trust Fund's large-plan peer group by participant headcount
Plan-year 2023 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 (7,670 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Operating Engineers Local 428 Annuity Trust Fund reported net income rose from -$49M in the plan year 2022 filing to $35M in the plan year 2023 filing.
- Operating Engineers Local 428 Annuity Trust Fund end-of-year assets rose from $256M in the plan year 2022 filing to $291M in the plan year 2023 filing.
- Operating Engineers Local 428 Annuity Trust Fund reported participants rose from 7,538 in the plan year 2022 filing to 7,670 in the plan year 2023 filing.
Form 5500 schedule snapshot
Filing strip 866025732 · Operating Engineers Local 428 Annuity Trust Fund PY 2023 · Other
Operating Engineers Local 428 Annuity Trust Fund · $291M · 7,670 · 96th
- BOOK $291M
- BOOK 7,670
- BOOK 96th
- BOOK Other
- BOOK near Tulane University Staff 403(b) Retirement Plan
- BOOK ind #8604
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) | $256M |
|---|---|
| Net Assets (End of Year) | $291M |
| Net Income | $35M |
| 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.
- Honor Health 403(b) Retirement Security Plan $1.0B · 13,597
- Banner Health Employees 403(b) Plan $164M · 11,018
- El Rio Santa Cruz Neighborhood Health Center, Inc. Retirement Plan $150M · 1,887
- Kingman Regional Medical Center Employee Retirement Plan $107M · 1,914
- Summit Healthcare Regional Medical Center Performance Based Flexible Contribution Retirement Plan $51M · 1,183
Scale composition for Operating Engineers Local 428 Annuity Trust Fund
Operating Engineers Local 428 Annuity Trust Fund reports $291M in end-of-year assets across 7,670 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 $37,983 per participant (27% of the national average assets-per-participant) . Net income for plan year 2023 was $35M.
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 | Open filing |
| 2023 | 7,670 | $291M | This page |
| 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 Tulane University Staff 403(b) Retirement Plan in LA ($291M); by covered participants it is Lahey Clinic 403(b) Retirement Savings Plan in MA (7,725 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($291M here).
- Tulane University Staff 403(b) Retirement Plan (LA) $291M · 3,064
- Occidental College 403(b) Retirement Plan (CA) $291M · 1,093
- Maryland Electrical Industry Severance & Annuity F (WV) $292M · 2,645
- Gbmc, Inc. Voluntary 403(b) Plan (MD) $292M · 4,231
Similar participant headcount
Nearest other-state filings by covered participants (7,670 participants); asset peers above are excluded.
- Lahey Clinic 403(b) Retirement Savings Plan (MA) 7,725 · 55 off
- Community Foundation of Northwest Indiana 403(b) Retirement Plan (IN) 7,567 · 103 off
- Presbyterian Homes and Services Tax Deferred Annuity Plan (MN) 7,557 · 113 off
- Mers/Missouri Goodwill 403b Plan (MO) 7,526 · 144 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.