Other · DOL Form 5500 · 2024
Operating Engineers Local 428 Annuity Trust Fund Retirement Plan
Data updated 2026-08-25
- $313M
- Total assets Above avg plan size
- 7,789
- Participants Very large workforce
- 96th
- Percentile by assets National rank
- $40,246
- Avg per participant Low balance/head
Official DOL plan name: Operating Engineers Local 428 Annuity Trust Fund · Sponsored by Operating Engineers Local 428 Annuity Trust Fund · Arizona · Construction
$313M in assets, 7,789 participants
Operating Engineers Local 428 Annuity Trust Fund's Operating Engineers Local 428 Annuity Trust Fund reported $313M in total assets and 7,789 participants in its 2024 DOL Form 5500 filing, ranking in the 96th 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.
- #8,616 in Construction (9,039 peers)
Coverage in Arizona
Operating Engineers Local 428 Annuity Trust Fund covers 7,789 participants in Arizona, 14x the typical Arizona plan (state average ~564 per filing). Assets: $313M.
- #8,616
- in Construction (9,039 peers)
- +7.6%
- assets growth YoY
- 3.1×
- vs typical plan assets (national mean)
Operating Engineers Local 428 Annuity Trust Fund's outsized position by total assets
Operating Engineers Local 428 Annuity Trust Fund vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$313,477,902 Top 4% higher than 96% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Operating Engineers Local 428 Annuity Trust Fund's large-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Operating Engineers Local 428 Annuity Trust Fund lands in the large band (7,789 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Operating Engineers Local 428 Annuity Trust Fund reported net income fell from $35M in the plan year 2023 filing to $22M in the plan year 2024 filing.
- Operating Engineers Local 428 Annuity Trust Fund end-of-year assets rose from $291M in the plan year 2023 filing to $313M in the plan year 2024 filing.
- Operating Engineers Local 428 Annuity Trust Fund reported participants rose from 7,670 in the plan year 2023 filing to 7,789 in the plan year 2024 filing.
Plan-year Form 5500 strip
Filing strip 866025732 · Operating Engineers Local 428 Annuity Trust Fund PY 2024 · Other
Operating Engineers Local 428 Annuity Trust Fund · $313M · 7,789 · 96th
- EOY $313M
- 5500 7,789
- ASSETS 96th
- PCT Other
- EIN near Tulane University Staff 403(b) Retirement Plan
- RANK ind #8616
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 Arizona →
Operating Engineers Local 428 Annuity Trust Fund in the asset neighbourhood
Arizona filing particulars
| Total Assets (Beginning of Year) | $291M |
|---|---|
| Net Assets (End of Year) | $313M |
| Net Income | $22M |
| Employer EIN | 866025732 |
| Plan Effective Date | 1985-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Operating Engineers Local 428 Annuity Trust Fund)
Sponsor-wide plan assets over time
All Operating Engineers Local 428 Annuity Trust Fund plans reported in each filing year
- Latest sponsor-wide plan assets
- $330M 18.814453066478595% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 7,554 | $278M |
| 2023 | 2 | 7,682 | $311M |
| 2024 | 2 | 7,789 | $330M |
Nearby Other Plans in Arizona
Peer Other plans, same state, same plan type, ranked by total assets.
- Honor Health 403(b) Retirement Security Plan $1.2B · 14,781
- El Rio Santa Cruz Neighborhood Health Center, Inc. Retirement Plan $180M · 1,976
- Banner Health Employees 403(b) Plan $173M · 11,316
- Kingman Healthcare, Inc. 403(b) Retirement Plan $114M · 1,897
- Summit Healthcare Regional Medical Center Performance Based Flexible Contribution Retirement Plan $56M · 1,276
Scale composition for Operating Engineers Local 428 Annuity Trust Fund
Operating Engineers Local 428 Annuity Trust Fund reports $313M in end-of-year assets across 7,789 participants (0.003% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 covered participants) - about $40,246 per participant (29% of the national average assets-per-participant) . Net income for plan year 2024 was $22M.
This plan identity (EIN 866025732, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $256M to $313M (+22.3%) while covered participants moved from 7,538 to 7,789 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 7,538 | $256M | Open filing |
| 2023 | 7,670 | $291M | Open filing |
| 2024 · index core | 7,789 | $313M | This page |
Operating Engineers Local 428 Annuity Trust Fund's out-of-state Other peers by assets and headcount
Outside Arizona, the nearest Other by assets is Tulane University Staff 403(b) Retirement Plan in LA ($313M); by covered participants it is Community Foundation of Northwest Indiana 403(b) Retirement Plan in IN (7,792 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($313M here).
- Tulane University Staff 403(b) Retirement Plan (LA) $313M · 3,135
- Azusa Pacific University Defined Contribution Plan (CA) $314M · 2,229
- Middlebury College Voluntary Retirement Plan (VT) $312M · 1,028
- The Salk Institute Retirement Plan (CA) $311M · 864
Similar participant headcount
Nearest other-state filings by covered participants (7,789 participants); asset peers above are excluded.
- Community Foundation of Northwest Indiana 403(b) Retirement Plan (IN) 7,792 · 3 off
- Presbyterian Homes and Services Tax Deferred Annuity Plan (MN) 7,805 · 16 off
- Beacon Retirement Savings 403(b) Plan (IN) 7,707 · 82 off
- Tulane University Tax Deferral 403(b) Retirement Plan (LA) 7,673 · 116 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.