Defined Benefit (Pension) · DOL Form 5500 · 2024

Board of Trustees of U. a. Local 38 Trust Funds Pension Plan

Data updated 2026-08-25

$555M
Total assets Above avg plan size
1,419
Participants Near avg headcount
97th
Percentile by assets National rank
$391,103
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: U. a. Local 38 Defined Benefit Pension Plan · Sponsored by Board of Trustees of U. a. Local 38 Trust Funds · California · Construction

$555M in assets, 1,419 participants

Board of Trustees of U. a. Local 38 Trust Funds's U. a. Local 38 Defined Benefit Pension Plan reported $555M in total assets and 1,419 participants in its 2024 DOL Form 5500 filing, ranking in the 97th 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.

  • #8,795 in Construction (9,039 peers)

Coverage in California

U. a. Local 38 Defined Benefit Pension Plan covers 1,419 participants in California, 2.3x the typical California plan (state average ~630 per filing). Assets: $555M.

#8,795
in Construction (9,039 peers)
+8.4%
assets growth YoY
5.6×
vs typical plan assets (national mean)

U. a. Local 38 Defined Benefit Pension Plan's outsized position by total assets

U. a. Local 38 Defined Benefit Pension Plan vs every filed plan by assets

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

$554,974,851 Top 3% higher than 97% 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

U. a. Local 38 Defined Benefit Pension Plan'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. U. a. Local 38 Defined Benefit Pension Plan lands in the large band (1,419 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • U. a. Local 38 Defined Benefit Pension Plan end-of-year assets rose from $512M in the plan year 2023 filing to $555M in the plan year 2024 filing.
  • U. a. Local 38 Defined Benefit Pension Plan reported net income fell from $48M in the plan year 2023 filing to $45M in the plan year 2024 filing.
  • U. a. Local 38 Defined Benefit Pension Plan reported participants fell from 1,438 in the plan year 2023 filing to 1,419 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 941285319 · Board of Trustees of U. a. Local 38 Trust Funds PY 2024 · Defined Benefit (Pension)

U. a. Local 38 Defined Benefit Pension Plan · $555M · 1,419 · 97th

  • PART $555M
  • TYPE 1,419
  • NET 97th
  • BOOK Defined Benefit (Pension)
  • VS-ST near Employees' Retirement Plan of Indianapolis Power & Light Company
  • BOY ind #8795

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 →

U. a. Local 38 Defined Benefit Pension Plan in the asset neighbourhood

Retirement Plan for Employees of Multicare Health SystemRetirement Plan for Employee…$557MEmployees' Retirement Plan of Indianapolis Power & Light CompanyEmployees' Retirement Plan o…$556MU. a. Local 38 Defined Benefit Pension PlanU. a. Local 38 Defined Benef…$555MOfficemax Consolidated Pension PlanOfficemax Consolidated Pensi…$552MI.B.E.W. Local Union No 357 Pension Trust Fund, Plan aI.B.E.W. Local Union No 357 …$552M
End-of-year total assets ($M) among U. a. Local 38 Defined Benefit Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

California filing particulars

Total Assets (Beginning of Year)$512M
Net Assets (End of Year)$553M
Net Income$45M
Employer EIN941285319
Plan Effective Date1955-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees of U. a. Local 38 Trust Funds)

Sponsor-wide plan assets over time

All Board of Trustees of U. a. Local 38 Trust Funds plans reported in each filing year

Latest sponsor-wide plan assets
$766M 18.612059335724958% vs 2022
2024 filing year
$600M$650M$700M$750M$800M 202220232024 $645M $766M ▲ +18.6%
Year Plans Participants Total Assets
2022 2 2,494 $645M
2023 2 2,761 $710M
2024 2 2,760 $766M

Nearby Defined Benefit (Pension) Plans in California

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

U. a. Local 38 Defined Benefit Pension Plan vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants U. a. Local 38 Defined Benefit Pension Plan, Total assets ($B): 0.554974851 · Participants: 1419U. a. Local 38 Defined Benefit Pension PlanKaiser 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
U. a. Local 38 Defined Benefit Pension Plan vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants
Compare U. a. Local 38 Defined Benefit Pension Plan side-by-side with 3 peers →

U. a. Local 38 Defined Benefit Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside California, the nearest Defined Benefit (Pension) by assets is Employees' Retirement Plan of Indianapolis Power & Light Company in IN ($556M); by covered participants it is Pension Plan for Eligible Bettis Employees and Retirees in PA (1,420 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,419 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 U. a. Local 38 Defined Benefit Pension Plan assets move in 2024? ▼
U. a. Local 38 Defined Benefit Pension Plan grew at a solid clip - up 8.4% during 2024, from $512M to $555M. Reported net income was $45M.
How have Board of Trustees of U. a. Local 38 Trust Funds plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees of U. a. Local 38 Trust Funds's sponsor-wide assets grew 18.6%, from $645M to $766M.
Where does U. a. Local 38 Defined Benefit Pension Plan rank by assets among Form 5500 filers? ▼
U. a. Local 38 Defined Benefit Pension Plan ranks in the 97th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to U. a. Local 38 Defined Benefit Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Employees' Retirement Plan of Indianapolis Power & Light Company in IN ($556M, 707 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to U. a. Local 38 Defined Benefit Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Pension Plan for Eligible Bettis Employees and Retirees in PA (1,420 participants, $1.2B 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 941285319.

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.