Defined Benefit (Pension) · DOL Form 5500 · 2024

Board of Trustees, Pension Trust Fund for Operating Pension Plan

Data updated 2026-08-25

$5.4B
Total assets Very large vs avg
20,372
Participants Very large workforce
100th
Percentile by assets National rank
$265,109
Avg per participant High balance/head
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Official DOL plan name: Pension Trust Fund for Operating Engineers · Sponsored by Board of Trustees, Pension Trust Fund for Operating · California · Construction

$5.4B in assets, 20,372 participants

Board of Trustees, Pension Trust Fund for Operating's Pension Trust Fund for Operating Engineers reported $5.4B in total assets and 20,372 participants in its 2024 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.

  • #9,024 in Construction (9,039 peers)

Coverage in California

Pension Trust Fund for Operating Engineers covers 20,372 participants in California, 32x the typical California plan (state average ~630 per filing). Assets: $5.4B.

#9,024
in Construction (9,039 peers)
+6.1%
assets growth YoY
54×
vs typical plan assets (national mean)

Pension Trust Fund for Operating Engineers's outsized position by total assets

Pension Trust Fund for Operating Engineers vs every filed plan by assets

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

$5,400,799,324 Highest reported value at or above every one 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

Pension Trust Fund for Operating Engineers'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. Pension Trust Fund for Operating Engineers is a mega filing (20,372 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Pension Trust Fund for Operating Engineers reported participants fell from 44,447 in the plan year 2023 filing to 20,372 in the plan year 2024 filing.
  • Pension Trust Fund for Operating Engineers reported net income rose from $283M in the plan year 2023 filing to $310M in the plan year 2024 filing.
  • Pension Trust Fund for Operating Engineers end-of-year assets rose from $5.1B in the plan year 2023 filing to $5.4B in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 946090764 · Board of Trustees, Pension Trust Fund for Operating PY 2024 · Defined Benefit (Pension)

Pension Trust Fund for Operating Engineers · $5.4B · 20,372 · 100th

  • SCH $5.4B
  • EBSA 20,372
  • PART 100th
  • TYPE Defined Benefit (Pension)
  • NET near New York District Council of Carpenters Pension Pl
  • BOOK ind #9024

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 →

Pension Trust Fund for Operating Engineers in the asset neighbourhood

Textron Master Retirement PlanTextron Master Retirement Pl…$5.5BNew York District Council of Carpenters Pension PlNew York District Council of…$5.4BPension Trust Fund for Operating EngineersPension Trust Fund for Opera…$5.4BNextera Energy, Inc. Employee Pension PlanNextera Energy, Inc. Employe…$5.3BPension, Hospitalization & Benefit Plan of the Electrical Industry - Pension Trust AcctPension, Hospitalization & B…$5.3B
End-of-year total assets ($B) among Pension Trust Fund for Operating Engineers and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

California filing particulars

Total Assets (Beginning of Year)$5.1B
Net Assets (End of Year)$5.4B
Net Income$310M
Employer EIN946090764
Plan Effective Date1959-12-30
Filing StatusFILING RECEIVED

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

Sponsor-wide plan assets over time

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

Latest sponsor-wide plan assets
$5.9B 14.13689523203793% vs 2022
2024 filing year
$5B$5.5B$6B$6.5B 202220232024 $5.21B $5.95B ▲ +14.2%
Year Plans Participants Total Assets
2022 2 40,978 $5.2B
2023 2 67,062 $5.6B
2024 2 43,596 $5.9B

Nearby Defined Benefit (Pension) Plans in California

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

Pension Trust Fund for Operating Engineers vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants Scatter plot of 6 data points. 050000100000150000 010203040 Total assets ($B) Participants Pension Trust Fund for Operating Engineers, Total assets ($B): 5.400799324 · Participants: 20372Pension Trust Fund for Operating EngineersKaiser 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
Pension Trust Fund for Operating Engineers vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants
Compare Pension Trust Fund for Operating Engineers side-by-side with 3 peers →

Scale composition for Pension Trust Fund for Operating Engineers

Pension Trust Fund for Operating Engineers reports $5.4B in end-of-year assets across 20,372 participants (0.044% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.022% of 93,925,755 covered participants) - about $265,109 per participant (1.9x the national average assets-per-participant) . Net income for plan year 2024 was $310M.

This plan identity (EIN 946090764, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $4.8B to $5.4B (+12.3%) while covered participants moved from 19,523 to 20,372 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 19,523 $4.8B Open filing
2023 44,447 $5.1B Open filing
2024 · index core 20,372 $5.4B This page

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

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

Outside California, the nearest Defined Benefit (Pension) by assets is New York District Council of Carpenters Pension Pl in NY ($5.4B); by covered participants it is Northside Hospital, Inc. Pension Plan in GA (20,425 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (20,372 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 Pension Trust Fund for Operating Engineers assets move in 2024? ▼
Pension Trust Fund for Operating Engineers grew at a solid clip - up 6.1% during 2024, from $5.1B to $5.4B. Reported net income was $310M.
How have Board of Trustees, Pension Trust Fund for Operating plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees, Pension Trust Fund for Operating's sponsor-wide assets grew 14.1%, from $5.2B to $5.9B.
Where does Pension Trust Fund for Operating Engineers rank by assets among Form 5500 filers? ▼
Pension Trust Fund for Operating Engineers ranks in the 100th 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 Pension Trust Fund for Operating Engineers? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is New York District Council of Carpenters Pension Pl in NY ($5.4B, 10,590 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Pension Trust Fund for Operating Engineers? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Northside Hospital, Inc. Pension Plan in GA (20,425 participants, $1.7B 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 946090764.

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.