Defined Benefit (Pension) · DOL Form 5500 · 2023

Board of Trustees, Operating Engineers Pension Trust Pension Plan

Data updated 2026-08-25

$3.5B
Total assets Very large vs avg
13,014
Participants Very large workforce
100th
Percentile by assets National rank
$269,340
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

$3.5B 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.

  • #9,005 in Construction (9,030 peers)

Coverage in California

Operating Engineers Pension Trust covers 13,014 participants in California, 21x the typical California plan (state average ~630 per filing). Assets: $3.5B.

#9,005
in Construction (9,030 peers)
+7.4%
assets growth YoY
35×
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 2023 · DOL Form 5500

$3,505,186,540 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

Operating Engineers Pension Trust'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. Operating Engineers Pension Trust is a mega filing (13,014 participants), the rightmost band on the breakdown.

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.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 956032478 · Board of Trustees, Operating Engineers Pension Trust PY 2023 · Defined Benefit (Pension)

Operating Engineers Pension Trust · $3.5B · 13,014 · 100th

  • EOY $3.5B
  • EOY 13,014
  • EOY 100th
  • EOY Defined Benefit (Pension)
  • EOY near The Continental Retirement Plan
  • EOY ind #9005

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

Target Corporation Pension PlanTarget Corporation Pension P…$3.5BOperating Engineers Pension TrustOperating Engineers Pension …$3.5BThe Continental Retirement PlanThe Continental Retirement P…$3.5BUnited Mine Workers of America 1974 Pension PlanUnited Mine Workers of Ameri…$3.5BKodak Retirement Income Plan$3.5B
End-of-year total assets ($B) among Operating Engineers Pension Trust and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

California filing particulars

Total Assets (Beginning of Year)$3.3B
Net Assets (End of Year)$3.4B
Net Income$242M
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): 3.50518654 · Participants: 13014Operating Engineers Pension TrustKaiser 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
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 $3.5B in end-of-year assets across 13,014 participants (0.028% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.014% of 93,925,755 covered participants) - about $269,340 per participant (1.9x the national average assets-per-participant) . Net income for plan year 2023 was $242M.

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 This page
2024 11,247 $3.1B Open filing
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 The Continental Retirement Plan in TX ($3.5B); by covered participants it is Delta Air Lines, Inc. Market Based Cash Balance Plan in GA (13,044 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($3.5B here).

Similar participant headcount

Nearest other-state filings by covered participants (13,014 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 Operating Engineers Pension Trust assets move in 2023? ▼
Operating Engineers Pension Trust grew at a solid clip - up 7.4% during 2023, from $3.3B to $3.5B. Reported net income was $242M.
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 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 Operating Engineers Pension Trust? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is The Continental Retirement Plan in TX ($3.5B, 25,492 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 Delta Air Lines, Inc. Market Based Cash Balance Plan in GA (13,044 participants, $103M 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 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.