Defined Benefit (Pension) · DOL Form 5500 · 2023

Board of Trustees, Pension Trust Fund for Operating Pension Plan

Data updated 2026-08-25

$5.1B
Total assets Very large vs avg
44,447
Participants Very large workforce
100th
Percentile by assets National rank
$114,504
Avg per participant Below avg balance/head
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Official DOL plan name: Pension Trust Fund for Operating Engineers · Sponsored by Board of Trustees, Pension Trust Fund for Operating · California · Construction

$5.1B in assets, 44,447 participants

Board of Trustees, Pension Trust Fund for Operating's Pension Trust Fund for Operating Engineers reported $5.1B in total assets and 44,447 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.

  • #9,016 in Construction (9,030 peers)

Coverage in California

Pension Trust Fund for Operating Engineers covers 44,447 participants in California, 71x the typical California plan (state average ~630 per filing). Assets: $5.1B.

#9,016
in Construction (9,030 peers)
+5.9%
assets growth YoY
51×
vs typical plan assets (national mean)

Pension Trust Fund for Operating Engineers's outsized position by total assets

Pension Trust Fund for Operating Engineers vs every filed plan by assets

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

$5,089,363,766 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

Pension Trust Fund for Operating Engineers'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. Pension Trust Fund for Operating Engineers is a mega filing (44,447 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Pension Trust Fund for Operating Engineers reported net income rose from -$685M in the plan year 2022 filing to $283M in the plan year 2023 filing.
  • Pension Trust Fund for Operating Engineers reported participants rose from 19,523 in the plan year 2022 filing to 44,447 in the plan year 2023 filing.
  • Pension Trust Fund for Operating Engineers end-of-year assets rose from $4.8B in the plan year 2022 filing to $5.1B in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 946090764 · Board of Trustees, Pension Trust Fund for Operating PY 2023 · Defined Benefit (Pension)

Pension Trust Fund for Operating Engineers · $5.1B · 44,447 · 100th

  • PCT $5.1B
  • PCT 44,447
  • PCT 100th
  • PCT Defined Benefit (Pension)
  • PCT near New York District Council of Carpenters Pension Pl
  • PCT ind #9016

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 →

Pension Trust Fund for Operating Engineers in the asset neighbourhood

Nextera Energy, Inc. Employee Pension PlanNextera Energy, Inc. Employe…$5.1BNew York District Council of Carpenters Pension PlNew York District Council of…$5.1BPension Trust Fund for Operating EngineersPension Trust Fund for Opera…$5.1BPension, Hospitalization & Benefit Plan of the Electrical Industry - Pension Trust AcctPension, Hospitalization & B…$5.0BN. Atlantic States Carp. Pension FundN. Atlantic States Carp. Pen…$5.0B
End-of-year total assets ($B) among Pension Trust Fund for Operating Engineers and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

California filing particulars

Total Assets (Beginning of Year)$4.8B
Net Assets (End of Year)$5.1B
Net Income$283M
Employer EIN946090764
Plan Effective Date1959-12-30
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees, Pension Trust Fund for Operating)

Sponsor-wide plan assets over time

All Board of Trustees, Pension Trust Fund for Operating plans reported in each filing year

Latest sponsor-wide plan assets
$5.9B 14.13689523203793% vs 2022
2024 filing year
$5B$5.5B$6B$6.5B 202220232024 $5.21B $5.95B ▲ +14.2%
Year Plans Participants Total Assets
2022 2 40,978 $5.2B
2023 2 67,062 $5.6B
2024 2 43,596 $5.9B

Nearby Defined Benefit (Pension) Plans in California

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

Pension Trust Fund for Operating Engineers vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants Scatter plot of 6 data points. 050000100000150000 010203040 Total assets ($B) Participants Pension Trust Fund for Operating Engineers, Total assets ($B): 5.089363766 · Participants: 44447Pension Trust Fund for Operating EngineersKaiser 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
Pension Trust Fund for Operating Engineers vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants
Compare Pension Trust Fund for Operating Engineers side-by-side with 3 peers →

Scale composition for Pension Trust Fund for Operating Engineers

Pension Trust Fund for Operating Engineers reports $5.1B in end-of-year assets across 44,447 participants (0.041% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.047% of 93,925,755 covered participants) - about $114,504 per participant (83% of the national average assets-per-participant) . Net income for plan year 2023 was $283M.

This plan identity (EIN 946090764, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $4.8B to $5.4B (+12.3%) while covered participants moved from 19,523 to 20,372 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 19,523 $4.8B Open filing
2023 44,447 $5.1B This page
2024 · index core 20,372 $5.4B Open filing

The same sponsor also keeps 2 other index-core plans on PlainRetire:

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

Outside California, the nearest Defined Benefit (Pension) by assets is New York District Council of Carpenters Pension Pl in NY ($5.1B); by covered participants it is International Painters and Allied Trades Industry Pension Plan in MD (44,973 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (44,447 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 Pension Trust Fund for Operating Engineers assets move in 2023? ▼
Pension Trust Fund for Operating Engineers grew at a solid clip - up 5.9% during 2023, from $4.8B to $5.1B. Reported net income was $283M.
How have Board of Trustees, Pension Trust Fund for Operating plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees, Pension Trust Fund for Operating's sponsor-wide assets grew 14.1%, from $5.2B to $5.9B.
Where does Pension Trust Fund for Operating Engineers rank by assets among Form 5500 filers? ▼
Pension Trust Fund for Operating Engineers 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 Pension Trust Fund for Operating Engineers? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is New York District Council of Carpenters Pension Pl in NY ($5.1B, 11,091 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Pension Trust Fund for Operating Engineers? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is International Painters and Allied Trades Industry Pension Plan in MD (44,973 participants, $4.2B 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 946090764.

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.