Money Purchase · DOL Form 5500 · 2024

Board of Trustees, Operating Engineers Local 12 Money Purchase Plan

Data updated 2026-08-25

$518M
Total assets Above avg plan size
20,504
Participants Very large workforce
97th
Percentile by assets National rank
$25,268
Avg per participant Low balance/head
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Official DOL plan name: Operating Engineers Local 12 Defined Contribution Trust · Sponsored by Board of Trustees, Operating Engineers Local 12 · California · Construction

$518M in assets, 20,504 participants

Board of Trustees, Operating Engineers Local 12's Operating Engineers Local 12 Defined Contribution Trust reported $518M in total assets and 20,504 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.

  • #8,766 in Construction (9,039 peers)

Coverage in California

Operating Engineers Local 12 Defined Contribution Trust covers 20,504 participants in California, 33x the typical California plan (state average ~630 per filing). Assets: $518M.

#8,766
in Construction (9,039 peers)
+37.9%
assets growth YoY
5.2×
vs typical plan assets (national mean)

Operating Engineers Local 12 Defined Contribution Trust's outsized position by total assets

Operating Engineers Local 12 Defined Contribution Trust vs every filed plan by assets

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

$518,101,635 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

Operating Engineers Local 12 Defined Contribution Trust'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. Operating Engineers Local 12 Defined Contribution Trust is a mega filing (20,504 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Operating Engineers Local 12 Defined Contribution Trust end-of-year assets rose from $376M in the plan year 2023 filing to $518M in the plan year 2024 filing.
  • Operating Engineers Local 12 Defined Contribution Trust reported net income rose from $122M in the plan year 2023 filing to $142M in the plan year 2024 filing.
  • Operating Engineers Local 12 Defined Contribution Trust reported participants rose from 19,566 in the plan year 2023 filing to 20,504 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 830984282 · Board of Trustees, Operating Engineers Local 12 PY 2024 · Money Purchase

Operating Engineers Local 12 Defined Contribution Trust · $518M · 20,504 · 97th

  • PART $518M
  • PART 20,504
  • PART 97th
  • PART Money Purchase
  • PART near Money Purchase Pension Plan of Wake Forest University Health Sciences
  • PART ind #8766

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 Local 12 Defined Contribution Trust in the asset neighbourhood

Michigan Regional Council of Carpenters' Annuity FundMichigan Regional Council of…$531MPainters and Allied Trades District Council No.35 Annuity FundPainters and Allied Trades D…$527MMoney Purchase Pension Plan of Wake Forest University Health SciencesMoney Purchase Pension Plan …$522MOperating Engineers Local 12 Defined Contribution TrustOperating Engineers Local 12…$518MTelephone and Data Systems, Inc. Pension PlanTelephone and Data Systems, …$509M
End-of-year total assets ($M) among Operating Engineers Local 12 Defined Contribution Trust and nearest nationwide Money Purchase peers. Source: DOL Form 5500 plan year 2024.

California filing particulars

Total Assets (Beginning of Year)$376M
Net Assets (End of Year)$518M
Net Income$142M
Employer EIN830984282
Plan Effective Date2018-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees, Operating Engineers Local 12)

Sponsor-wide plan assets over time

All Board of Trustees, Operating Engineers Local 12 plans reported in each filing year

Latest sponsor-wide plan assets
$518M 104.56738702482869% vs 2022
2024 filing year
$200M$300M$400M$500M$600M 202220232024 $253M $518M ▲ +104.6%
Year Plans Participants Total Assets
2022 1 17,948 $253M
2023 1 19,566 $376M
2024 1 20,504 $518M

Nearby Money Purchase Plans in California

Peer Money Purchase plans, same state, same plan type, ranked by total assets.

Operating Engineers Local 12 Defined Contribution Trust vs. nearby Money Purchase plans in California, assets vs. participants Scatter plot of 6 data points. 150002000025000300003500040000 0246810 Total assets ($B) Participants Operating Engineers Local 12 Defined Contribution Trust, Total assets ($B): 0.518101635 · Participants: 20504Operating Engineers Local 12 Defined Contribution TrustThe Permanente Contribution Plan of the Permanente Medical Group, Inc., Total assets ($B): 7.903445624 · Participants: 18550The Permanente Contribution Plan of the Permanente Medical Group, Inc.Kaiser Permanente Supplemental Savings and Retirement Plan, Total assets ($B): 5.667619665 · Participants: 37013Kaiser Permanente Supplemental Savings and Retirement PlanUniversity of Southern California Defined Contribution Retirement Plan, Total assets ($B): 5.016619293 · Participants: 19806University of Southern California Defined Contribution Retirement PlanCarpenters Annuity Trust Fund for Northern California, Total assets ($B): 3.48261473 · Participants: 24741Carpenters Annuity Trust Fund for Northern CaliforniaDirectors Guild of America - Producer Pension Plan Supplemental Benefit Plan, Total assets ($B): 2.321194427 · Participants: 23032Directors Guild of America - Producer Pension Plan Supplemental Benefit Plan
Operating Engineers Local 12 Defined Contribution Trust vs. nearby Money Purchase plans in California, assets vs. participants
Compare Operating Engineers Local 12 Defined Contribution Trust side-by-side with 3 peers →

Scale composition for Operating Engineers Local 12 Defined Contribution Trust

Operating Engineers Local 12 Defined Contribution Trust reports $518M in end-of-year assets across 20,504 participants (0.004% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.022% of 93,925,755 covered participants) - about $25,268 per participant (18% of the national average assets-per-participant) . Net income for plan year 2024 was $142M.

This plan identity (EIN 830984282, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $253M to $518M (+104.6%) while covered participants moved from 17,948 to 20,504 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 17,948 $253M Open filing
2023 19,566 $376M Open filing
2024 · index core 20,504 $518M This page

Operating Engineers Local 12 Defined Contribution Trust's out-of-state Money Purchase peers by assets and headcount

Outside California, the nearest Money Purchase by assets is Money Purchase Pension Plan of Wake Forest University Health Sciences in NC ($522M); by covered participants it is Itpeu Pension Fund in NJ (15,782 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (20,504 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 Operating Engineers Local 12 Defined Contribution Trust assets move in 2024? ▼
Operating Engineers Local 12 Defined Contribution Trust surged - up 37.9% during 2024, from $376M to $518M. Reported net income was $142M.
How have Board of Trustees, Operating Engineers Local 12 plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees, Operating Engineers Local 12's sponsor-wide assets grew 104.6%, from $253M to $518M.
Where does Operating Engineers Local 12 Defined Contribution Trust rank by assets among Form 5500 filers? ▼
Operating Engineers Local 12 Defined Contribution Trust 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 Money Purchase plans are similar in size to Operating Engineers Local 12 Defined Contribution Trust? ▼
Among Money Purchase plans in other states, the closest by assets is Money Purchase Pension Plan of Wake Forest University Health Sciences in NC ($522M, 1,997 participants).
Which Money Purchase plans cover a similar participant headcount to Operating Engineers Local 12 Defined Contribution Trust? ▼
Among Money Purchase plans in other states, the closest by covered participants is Itpeu Pension Fund in NJ (15,782 participants, $173M 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 830984282.

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.