Defined Benefit (Pension) · DOL Form 5500 · 2024

Operating Engineers Local 428 Pension Trust Pension Plan

Data updated 2026-08-25

$17M
Total assets Small plan by assets
N/A
Participants Small participant base
67th
Percentile by assets National rank
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Official DOL plan name: Operating Engineers Local 428 Pension Trust · Sponsored by Operating Engineers Local 428 Pension Trust · Arizona · Construction

$17M in assets, N/A participants

Operating Engineers Local 428 Pension Trust's Operating Engineers Local 428 Pension Trust reported $17M in total assets and N/A participants in its 2024 DOL Form 5500 filing, ranking in the 67th 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.

  • #5,909 in Construction (9,039 peers)

Operating Engineers Local 428 Pension Trust multi-year trail

Operating Engineers Local 428 Pension Trust's plans moved +18.8% in assets from 2022 to 2024; this filing shows Operating Engineers Local 428 Pension Trust at $17M / N/A participants.

#5,909
in Construction (9,039 peers)
-14.4%
assets change YoY

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Operating Engineers Local 428 Pension Trust's outsized position by total assets

Operating Engineers Local 428 Pension Trust vs every filed plan by assets

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

$16,679,449 Top 33% higher than 67% 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

Filed plans by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Operating Engineers Local 428 Pension Trust reported participants fell from 12 in the plan year 2023 filing to N/A in the plan year 2024 filing.
  • Operating Engineers Local 428 Pension Trust reported net income fell from -$2M in the plan year 2023 filing to -$3M in the plan year 2024 filing.
  • Operating Engineers Local 428 Pension Trust end-of-year assets fell from $19M in the plan year 2023 filing to $17M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 866025732 · Operating Engineers Local 428 Pension Trust PY 2024 · Defined Benefit (Pension)

Operating Engineers Local 428 Pension Trust · $17M · N/A · 67th

  • PART $17M
  • TYPE N/A
  • NET 67th
  • BOOK Defined Benefit (Pension)
  • VS-ST near Ksb Giw, Inc. Pension Plan
  • BOY ind #5909

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 Pension Trust in the asset neighbourhood

Ardent Mills, LLC Pension Plan for Union EmployeesArdent Mills, LLC Pension Pl…$17MOperating Engineers Local 428 Pension TrustOperating Engineers Local 42…$17MKsb Giw, Inc. Pension Plan$17MNevada Gold Mines LLC - Bargaining Unit Pension PlanNevada Gold Mines LLC - Barg…$17MHuntsman Advanced Materials Americas LLC Pension Plan for Non-Salaried Employees at Mcintosh, AlabamaHuntsman Advanced Materials …$17M
End-of-year total assets ($M) among Operating Engineers Local 428 Pension Trust and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Operating Engineers Local 428 Pension Trust multi-year asset trail

Sponsor-wide plan assets over time

All Operating Engineers Local 428 Pension Trust plans reported in each filing year

Latest sponsor-wide plan assets
$330M 18.814453066478595% vs 2022
2024 filing year
$260M$280M$300M$320M$340M 202220232024 $278M $330M ▲ +18.8%
Year Plans Participants Total Assets
2022 2 7,554 $278M
2023 2 7,682 $311M
2024 2 7,789 $330M

Operating Engineers Local 428 Pension Trust filing trail (2024)

Total Assets (Beginning of Year)$19M
Net Assets (End of Year)$17M
Net Income-$3M
Employer EIN866025732
Plan Effective Date1963-06-01
Filing StatusFILING RECEIVED

Nearby Defined Benefit (Pension) Plans in Arizona

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

Operating Engineers Local 428 Pension Trust vs. nearby Defined Benefit (Pension) plans in Arizona, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -101234 Total assets ($B) Participants Operating Engineers Local 428 Pension Trust, Total assets ($B): 0.016679449 · Participants: 0Operating Engineers Local 428 Pension TrustPinnacle West Capital Corporation Retirement Plan, Total assets ($B): 3.099073138 · Participants: 6044Pinnacle West Capital Corporation Retirement PlanSalt River Project Employees' Retirement Plan, Total assets ($B): 2.908519301 · Participants: 4989Salt River Project Employees' Retirement PlanDesert States Employers & Ufcw Unions Pension Plan, Total assets ($B): 1.037847285 · Participants: 24099Desert States Employers & Ufcw Unions Pension PlanAvnet Pension Plan, Total assets ($B): 0.472409413 · Participants: 2732Avnet Pension PlanArizona Pipe Trades Pension Plan, Total assets ($B): 0.418546411 · Participants: 2281Arizona Pipe Trades Pension Plan
Operating Engineers Local 428 Pension Trust vs. nearby Defined Benefit (Pension) plans in Arizona, assets vs. participants
Compare Operating Engineers Local 428 Pension Trust side-by-side with 3 peers →

Operating Engineers Local 428 Pension Trust's closest out-of-state Defined Benefit (Pension) peers by assets

Outside Arizona, the nearest Defined Benefit (Pension) by end-of-year assets is Ksb Giw, Inc. Pension Plan in GA at $17M (this filing: $17M).

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 Operating Engineers Local 428 Pension Trust assets move in 2024? ▼
Operating Engineers Local 428 Pension Trust pulled back noticeably - down 14.4% during 2024, from $19M to $17M. Reported net income was -$3M.
How have Operating Engineers Local 428 Pension Trust plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Operating Engineers Local 428 Pension Trust's sponsor-wide assets grew 18.8%, from $278M to $330M.
Which Defined Benefit (Pension) plans are similar in size to Operating Engineers Local 428 Pension Trust? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Ksb Giw, Inc. Pension Plan in GA ($17M, 40 participants).

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 866025732.

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.