Defined Benefit (Pension) · DOL Form 5500 · 2023
Board of Trustees, Operating Engineers Pension Trust Pension Plan
Data updated 2026-08-06
- $3.5B
- Total assets
- 13,014
- Participants
- 100th
- Percentile by assets
- $269,340
- Avg per participant
Official DOL plan name: Operating Engineers Pension Trust · Sponsored by Board of Trustees, Operating Engineers Pension Trust · California · Construction
$3.5B in assets, 13,014 participants
Board of Trustees, Operating Engineers Pension Trust's Operating Engineers Pension Trust reported $3.5B in total assets and 13,014 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.
- 100th percentile by assets (of 126,618 plans)
- #8,968 in Construction (8,993 peers)
Coverage in California
Operating Engineers Pension Trust covers 13,014 participants in California, 20x the typical California plan (state average ~637 per filing). Assets: $3.5B.
- $3.5B
- total plan assets (2023 EOY)
- 13,014
- covered participants
- 100th
- percentile by assets (of 126,618 plans)
- $269,340
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Operating Engineers Pension Trust reported net income fell from $272M in the plan year 2022 filing to $242M in the plan year 2023 filing.
- Operating Engineers Pension Trust end-of-year assets rose from $3.3B in the plan year 2022 filing to $3.5B in the plan year 2023 filing.
- Operating Engineers Pension Trust reported participants rose from 12,640 in the plan year 2022 filing to 13,014 in the plan year 2023 filing.
Participants vs California filers
In California, the average filing covers about 637 participants across 14,392 plans. Operating Engineers Pension Trust reports 13,014 participants - 20x that state average ($3.5B EOY assets).
California filing particulars
| Total Assets (Beginning of Year) | $3.3B |
|---|---|
| Net Assets (End of Year) | $3.4B |
| Net Income | $242M |
| Employer EIN | 956032478 |
| Plan Effective Date | 1960-06-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees, Operating Engineers Pension Trust)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 12,640 | $3.3B |
| 2023 | 1 | 13,014 | $3.5B |
| 2024 | 1 | 11,247 | $3.1B |
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
- 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
Scale composition for Operating Engineers Pension Trust
Operating Engineers Pension Trust reports $3.5B in end-of-year assets across 13,014 participants (0.030% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.014% of 89,805,449 covered participants) - about $269,340 per participant (2.0x the national average assets-per-participant) . Net income for plan year 2023 was $242M.
This plan identity (EIN 956032478, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $3.3B to $3.1B (-5.7%) while covered participants moved from 12,640 to 11,247 . 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 | This page |
| 2024 · index core | 11,247 | $3.1B | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Operating Engineers Pension Trust (Defined Benefit (Pension), $3.1B, 11,247 participants)
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Operating Engineers Pension Trust by total assets, not by location.
- The Continental Retirement Plan (TX) $3.5B · 25,492
- United Mine Workers of America 1974 Pension Plan (DC) $3.5B · 52
- Kodak Retirement Income Plan (NY) $3.5B · 1,991
- Target Corporation Pension Plan (MN) $3.5B · 45,724
Frequently Asked Questions
How did Operating Engineers Pension Trust assets move in 2023? ▼
How have Board of Trustees, Operating Engineers Pension Trust plan assets changed over time? ▼
Where does Operating Engineers Pension Trust rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Operating Engineers Pension Trust? ▼
Next read for Operating Engineers Pension Trust
Filing takeaways
Ways to act on Operating Engineers Pension Trust's numbers.
- By total assets, Operating Engineers Pension Trust ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in California. Compare plans
- Board of Trustees, Operating Engineers Pension Trust's sponsor-wide assets have declined 5.7% since 2022 across 3 plan years on file. More Construction plans