Defined Benefit (Pension) · DOL Form 5500 · 2024

Board of Trustees, Operating Engineers Pension Trust Pension Plan

Data updated 2026-08-25

$3.1B
Total assets Very large vs avg
11,247
Participants Very large workforce
99th
Percentile by assets National rank
$273,617
Avg per participant High balance/head
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Official DOL plan name: Operating Engineers Pension Trust · Sponsored by Board of Trustees, Operating Engineers Pension Trust · California · Construction

$3.1B in assets, 11,247 participants

Board of Trustees, Operating Engineers Pension Trust's Operating Engineers Pension Trust reported $3.1B in total assets and 11,247 participants in its 2024 DOL Form 5500 filing, ranking in the 99th 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.

  • #9,002 in Construction (9,039 peers)

Coverage in California

Operating Engineers Pension Trust covers 11,247 participants in California, 18x the typical California plan (state average ~630 per filing). Assets: $3.1B.

#9,002
in Construction (9,039 peers)
+24.8%
assets growth YoY
31×
vs typical plan assets (national mean)

Operating Engineers Pension Trust's outsized position by total assets

Operating Engineers Pension Trust vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$3,077,371,736 Top 1% higher than 99% of 123,620 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 2024

Operating Engineers Pension Trust's mega-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Operating Engineers Pension Trust is a mega filing (11,247 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Operating Engineers Pension Trust reported net income rose from $242M in the plan year 2023 filing to $682M in the plan year 2024 filing.
  • Operating Engineers Pension Trust reported participants fell from 13,014 in the plan year 2023 filing to 11,247 in the plan year 2024 filing.
  • Operating Engineers Pension Trust end-of-year assets fell from $3.5B in the plan year 2023 filing to $3.1B in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 956032478 · Board of Trustees, Operating Engineers Pension Trust PY 2024 · Defined Benefit (Pension)

Operating Engineers Pension Trust · $3.1B · 11,247 · 99th

  • PCT $3.1B
  • PCT 11,247
  • PCT 99th
  • PCT Defined Benefit (Pension)
  • PCT near Burlington Northern Santa Fe Retirement Plan
  • PCT ind #9002

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 →

Operating Engineers Pension Trust in the asset neighbourhood

Kpmg Pension Plan$3.1BPinnacle West Capital Corporation Retirement PlanPinnacle West Capital Corpor…$3.1BOperating Engineers Pension TrustOperating Engineers Pension …$3.1BBurlington Northern Santa Fe Retirement PlanBurlington Northern Santa Fe…$3.1BPentegra Defined Benefit Plan for Financial InstPentegra Defined Benefit Pla…$3.0B
End-of-year total assets ($B) among Operating Engineers Pension Trust and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

California filing particulars

Total Assets (Beginning of Year)$2.5B
Net Assets (End of Year)$3.0B
Net Income$682M
Employer EIN956032478
Plan Effective Date1960-06-01
Filing StatusFILING RECEIVED

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

Sponsor-wide plan assets over time

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

Latest sponsor-wide plan assets
$6.8B 109.59446194341827% vs 2022
2024 filing year
$2B$4B$6B$8B 202220232024 $3.26B $6.84B ▲ +109.8%
Year Plans Participants Total Assets
2022 1 12,640 $3.3B
2023 1 13,014 $3.5B
2024 2 24,439 $6.8B

Nearby Defined Benefit (Pension) Plans in California

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

Operating Engineers Pension Trust vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants Scatter plot of 6 data points. 050000100000150000 010203040 Total assets ($B) Participants Operating Engineers Pension Trust, Total assets ($B): 3.077371736 · Participants: 11247Operating Engineers Pension TrustKaiser Permanente Retirement Plan, Total assets ($B): 34.452234723 · Participants: 135057Kaiser Permanente Retirement PlanPacific Gas and Electric Company Retirement Plan, Total assets ($B): 17.60716624 · Participants: 27500Pacific Gas and Electric Company Retirement PlanRetirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc., Total assets ($B): 11.441381434 · Participants: 18983Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc.Western States Carpenters Pension Plan, Total assets ($B): 11.342334451 · Participants: 48582Western States Carpenters Pension PlanIlwu-Pma Pension Plan, Total assets ($B): 10.798538721 · Participants: 15833Ilwu-Pma Pension Plan
Operating Engineers Pension Trust vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants
Compare Operating Engineers Pension Trust side-by-side with 3 peers →

Scale composition for Operating Engineers Pension Trust

Operating Engineers Pension Trust reports $3.1B in end-of-year assets across 11,247 participants (0.025% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.012% of 93,925,755 covered participants) - about $273,617 per participant (2.0x the national average assets-per-participant) . Net income for plan year 2024 was $682M.

This plan identity (EIN 956032478, plan #001) has 4 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $3.3B to $3.8B (+15.3%) while covered participants moved from 12,640 to 13,192 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 12,640 $3.3B Open filing
2023 13,014 $3.5B Open filing
2024 11,247 $3.1B This page
2024 · index core 13,192 $3.8B Open filing

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

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

Outside California, the nearest Defined Benefit (Pension) by assets is Burlington Northern Santa Fe Retirement Plan in TX ($3.1B); by covered participants it is Pepsico Employees Retirement Plan I in NY (11,289 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($3.1B here).

Similar participant headcount

Nearest other-state filings by covered participants (11,247 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Operating Engineers Pension Trust assets move in 2024? ▼
Operating Engineers Pension Trust grew sharply - up 24.8% during 2024, from $2.5B to $3.1B. Reported net income was $682M.
How have Board of Trustees, Operating Engineers Pension Trust plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees, Operating Engineers Pension Trust's sponsor-wide assets grew 109.6%, from $3.3B to $6.8B.
Where does Operating Engineers Pension Trust rank by assets among Form 5500 filers? ▼
Operating Engineers Pension Trust ranks in the 99th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to Operating Engineers Pension Trust? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Burlington Northern Santa Fe Retirement Plan in TX ($3.1B, 4,759 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Operating Engineers Pension Trust? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Pepsico Employees Retirement Plan I in NY (11,289 participants, $6.8B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 956032478.

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.