Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees, B.A.C. Local 3 Pension Trust FundMoney purchase plan

B.A.C. LOCAL NO. 3 DEFINED CONTRIBUTION PENSION PLAN · PLEASANTON, CA · plan year 2024

Reported admin expense ratio · 2024
0.53%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Board of Trustees, B.A.C. Local 3 Pension Trust Fund reported $652,772 in plan administrative expenses for 2024: 0.53% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,420 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.53%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 834th-largest of 9,483 plans among California employers on file, and the 839th of 4,798 in finance & insurance. active participation has shrunk from 2,512 to 702 since 2022.

Plan summary
Net assets, end of year$125,404,258
Participants with balances0
Active participants702
Employer contributions$3,102,681
Employee contributions—
Employer contribution per active participant$4,420
Average account balance—
Benefits paid to participants$8,869,312
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$125.4M · $3.1M emplr
2023$121.4M · $3.2M emplr
2022$111.7M · 3,099 accts · $2.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$78,247
Investment management$436,882
Audit (IQPA)$26,000
Trustee / custodial$3,747
Total administrative$652,772
Employer contributions to the Board of Trustees, B.A.C. Local 3 Pension Trust Fund plan · 2024
Employer contribution per active participant$4,420
Median for plans this size$3,635
2024$4,420 per active participant
2023$4,301 per active participant
2022$1,156 per active participant

Board of Trustees, B.A.C. Local 3 Pension Trust Fund's 2024 employer contribution ran above the $3,635 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 202412
RBC GLOBAL ASSET MANAGEMENT · Investment management$105,236
CHARTWELL INVESTMENT PARTNERS LP · Investment management · Named fiduciary$80,890
BENESYS INC. · Plan administrator$64,376
INVESTMENT PERFORMANCE SERVICES · Consulting · Investment advisory (plan)$61,875
WEDGE CAPITAL MANAGEMENT LLP$58,093
LOOMIS SAYLES & COMPANY$52,136
KRAW LAW GROUP · Legal$43,140
VICTORY CAPITAL MANAGEMENT$33,297
MILLER KAPLAN ARASE LLP · Accounting / audit$26,000
GREAT LAKES ADVISORS LLC$22,406
AMERICAN REALTY ADVISORS · Investment management$21,973
U.S. BANK · Custodial (securities)$18,841

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$652,772 · 0.53%
2023$584,838 · 0.50%
2022$578,457 · 0.52%
Similar plansFinance & Insurance · California
Pacific Premier Bank CA$131.5M · 0.40%
Heffernan Insurance Brokers CA$129.7M · 0.03%
Patelco Credit Union CA$127.7M · 0.34%
Payden & Rygel CA$124.3M · 0.10%
California Credit Union CA$123.3M · 0.05%
Newfront CA$116.5M · 0.01%

Why are you looking at this plan?

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Source: U.S. Department of Labor, Form 5500 series, EIN 900888690 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.