Defined Benefit (Pension) · DOL Form 5500 · 2023

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

Data updated 2026-08-06

$512M
Total assets: 1,438
Participants: 97th
Percentile by assets: $356,023
Avg per participant

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.

97th percentile by assets (of 126,618 plans)
#8,742 in Construction (8,993 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 ~637 per filing). Assets: $512M.

$512M
total plan assets (2023 EOY): 1,438
covered participants: 97th
percentile by assets (of 126,618 plans): $356,023
avg assets per participant

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 2023→2024 release diff →

State

California

Industry

Construction

Participants vs California filers

In California, the average filing covers about 637 participants across 14,392 plans. U. a. Local 38 Defined Benefit Pension Plan reports 1,438 participants - 2.3x that state average ($512M EOY assets).

California filing particulars

Total Assets (Beginning of Year)	$461M
Net Assets (End of Year)	$507M
Net Income	$48M
Employer EIN	941285319
Plan Effective Date	1955-07-01
Filing Status	FILING RECEIVED

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

Total plan assets by year, all Board of Trustees of U.a. Local 38 Trust Funds plans on file

Year	Plans	Participants	Total Assets
2022	2	2,494	$645M
2023	2	2,761	$710M

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

Kaiser Permanente Retirement Plan $33.5B · 127,356
Pacific Gas and Electric Company Retirement Plan $21.4B · 22,914
Pacific Gas and Electric Company Retirement Plan $18.0B · 25,647
Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. $10.8B · 19,545
Disney Salaried Pension Plan D $10.1B · 10,813

Compare U. a. Local 38 Defined Benefit Pension P… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to U. a. Local 38 Defined Benefit Pension Plan by total assets, not by location.

Haworth Pension Plan (MI) $512M · 740
Tyco Electronics Pension Plan (PA) $513M · 597
Retirement Income Plan for Employees of Ugi Utilities, Inc. (PA) $514M · 564
Cwa/Itu Negotiated Pension Plan (NJ) $509M · 1,537

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 2 plan years on file (2022-2023), Board of Trustees of U.a. Local 38 Trust Funds's sponsor-wide assets grew 10.1%, from $645M to $710M.

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 126,618 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).

Next read for U. a. Local 38 Defined Benefit Pension P…

Filing takeaways

Ways to act on U. a. Local 38 Defined Benefit Pension Plan's numbers.

By total assets, U. a. Local 38 Defined Benefit Pension Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in California. Compare plans
Board of Trustees of U.a. Local 38 Trust Funds's sponsor-wide assets have grown 10.1% since 2022 across 2 plan years on file. More Construction plans

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.