Defined Benefit (Pension) · DOL Form 5500 · 2023

Board of Trustees of U.a. Local 38 Trust Funds Pension Plan

Data updated 2026-08-25

$512M
Total assets Above avg plan size
1,438
Participants Near avg headcount
97th
Percentile by assets National rank
$356,023
Avg per participant High balance/head
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Official DOL plan name: U. a. Local 38 Defined Benefit Pension Plan · Sponsored by Board of Trustees of U.a. Local 38 Trust Funds · California · Construction

$512M in assets, 1,438 participants

Board of Trustees of U.a. Local 38 Trust Funds's U. a. Local 38 Defined Benefit Pension Plan reported $512M in total assets and 1,438 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.

  • #8,779 in Construction (9,030 peers)

Coverage in California

U. a. Local 38 Defined Benefit Pension Plan covers 1,438 participants in California, 2.3x the typical California plan (state average ~630 per filing). Assets: $512M.

#8,779
in Construction (9,030 peers)
+11.0%
assets growth YoY
5.1×
vs typical plan assets (national mean)

U. a. Local 38 Defined Benefit Pension Plan's outsized position by total assets

U. a. Local 38 Defined Benefit Pension Plan vs every filed plan by assets

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

$511,961,730 Top 3% higher than 97% 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

U. a. Local 38 Defined Benefit Pension Plan'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. U. a. Local 38 Defined Benefit Pension Plan lands in the large band (1,438 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • U. a. Local 38 Defined Benefit Pension Plan reported net income rose from $27M in the plan year 2022 filing to $48M in the plan year 2023 filing.
  • U. a. Local 38 Defined Benefit Pension Plan end-of-year assets rose from $461M in the plan year 2022 filing to $512M in the plan year 2023 filing.
  • U. a. Local 38 Defined Benefit Pension Plan reported participants fell from 1,458 in the plan year 2022 filing to 1,438 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 941285319 · Board of Trustees of U.a. Local 38 Trust Funds PY 2023 · Defined Benefit (Pension)

U. a. Local 38 Defined Benefit Pension Plan · $512M · 1,438 · 97th

  • PHOTO $512M
  • PHOTO 1,438
  • PHOTO 97th
  • PHOTO Defined Benefit (Pension)
  • PHOTO near Haworth Pension Plan
  • PHOTO ind #8779

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 →

U. a. Local 38 Defined Benefit Pension Plan in the asset neighbourhood

Retirement Income Plan for Employees of Ugi Utilities, Inc.Retirement Income Plan for E…$514MTyco Electronics Pension Plan$513MU. a. Local 38 Defined Benefit Pension PlanU. a. Local 38 Defined Benef…$512MHaworth Pension Plan$512MCwa/Itu Negotiated Pension PlanCwa/Itu Negotiated Pension P…$509M
End-of-year total assets ($M) among U. a. Local 38 Defined Benefit Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

California filing particulars

Total Assets (Beginning of Year)$461M
Net Assets (End of Year)$507M
Net Income$48M
Employer EIN941285319
Plan Effective Date1955-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees of U.a. Local 38 Trust Funds)

Sponsor-wide plan assets over time

All Board of Trustees of U.a. Local 38 Trust Funds plans reported in each filing year

Latest sponsor-wide plan assets
$766M 18.612059335724958% vs 2022
2024 filing year
$600M$650M$700M$750M$800M 202220232024 $645M $766M ▲ +18.6%
Year Plans Participants Total Assets
2022 2 2,494 $645M
2023 2 2,761 $710M
2024 2 2,760 $766M

Nearby Defined Benefit (Pension) Plans in California

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

U. a. Local 38 Defined Benefit Pension Plan vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants U. a. Local 38 Defined Benefit Pension Plan, Total assets ($B): 0.51196173 · Participants: 1438U. a. Local 38 Defined Benefit Pension PlanKaiser 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
U. a. Local 38 Defined Benefit Pension Plan vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants
Compare U. a. Local 38 Defined Benefit Pension Plan side-by-side with 3 peers →

U. a. Local 38 Defined Benefit Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside California, the nearest Defined Benefit (Pension) by assets is Haworth Pension Plan in MI ($512M); by covered participants it is Bfi Retirement Plan in AZ (1,438 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($512M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,438 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 U. a. Local 38 Defined Benefit Pension Plan assets move in 2023? ▼
U. a. Local 38 Defined Benefit Pension Plan grew at a solid clip - up 11.0% during 2023, from $461M to $512M. Reported net income was $48M.
How have Board of Trustees of U.a. Local 38 Trust Funds plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees of U.a. Local 38 Trust Funds's sponsor-wide assets grew 18.6%, from $645M to $766M.
Where does U. a. Local 38 Defined Benefit Pension Plan rank by assets among Form 5500 filers? ▼
U. a. Local 38 Defined Benefit Pension Plan ranks in the 97th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to U. a. Local 38 Defined Benefit Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Haworth Pension Plan in MI ($512M, 740 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to U. a. Local 38 Defined Benefit Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Bfi Retirement Plan in AZ (1,438 participants, $171M 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 941285319.

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.