Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees Northern Cali. Pipe Trades Pension Trust401(k)

NORTHERN CALIFORNIA PIPE TRADES SUPPLEMENTAL 401(K) RETIREMENT PLAN · CONCORD, CA · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Board of Trustees Northern Cali. Pipe Trades Pension Trust reported $927,760 in plan administrative expenses for 2024: 0.17% of average plan assets, higher than ~75% of peers. Employer contributions averaged $13,178 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 2 years on file its reported administrative ratio fell from 0.28% to 0.17%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other construction employers. By assets it is the 231st-largest of 9,483 plans among California employers on file, and the 119th of 5,337 in construction. In 2024, the employer put in $2.25 for every $1.00 employees contributed themselves; active participation has shrunk from 2,556 to 2,299 since 2022.

Plan summary
Net assets, end of year$568,511,095
Participants with balances4,259
Active participants2,299
Employer contributions$30,296,084
Employee contributions$13,442,045
Employer contribution per active participant$13,178
Average account balance$133,485
Benefits paid to participants$37,757,082
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$568.5M · 4,259 accts · $30.3M emplr
2023$504.6M · 4,256 accts · $31.2M emplr
2022$422.0M · 4,230 accts · $26.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$235,093
Investment management$305,889
Audit (IQPA)$33,683
Trustee / custodial$4,368
Total administrative$927,760
The Board of Trustees Northern Cali. Pipe Trades Pension Trust 401(k) match · 2024
Employer contribution per active participant$13,178
Median for plans this size$4,294
2024$13,178 per active participant
2023$12,206 per active participant
2022$10,448 per active participant

Board of Trustees Northern Cali. Pipe Trades Pension Trust's 2024 employer contribution ran above the $4,294 median for plans its size, placing it in the top quarter of its peers. 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 · 202411
U.A. LOCAL 342 JOINT MGMT COOP COM · Contract administrator$355,826
MATRIX TRUST COMPANY · Trustee (directed)$124,577
MAMMINI COMPANY, INC. · Pension consulting · Investment advisory (participants)$88,543
JOHN HANCOCK RETIREMENT PLAN SVCS · Other services$88,109
NEYHART, ANDERSON, FLYNN & GROSBOLL · Legal$50,112
WITHUMSMITH+BROWN, PC · Accounting / audit$33,683
LIFESTATUS360, LLC · Other services$13,717
PRINT2ASSIST, INC.$12,813
MILLER KAPLAN ARASE, LLP · Other services$6,500
BRIDGEWAY BENEFIT TECHNOLOGIES · Other services$6,000
STEPHEN HORN INSURANCE SERVICESindirect comp

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$927,760 · 0.17%
2023$966,498 · 0.21%
2022$1,237,468 · 0.28%
Similar plansConstruction · California
Swinerton Incorporated CA$831.5M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 943190386 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.