Board of Trustees, Operating Engineers Local 12 retirement plan: assets, participants and fees
What Board of Trustees, Operating Engineers Local 12's retirement plan plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | John Hancock Retirement Plan Svcs | Schedule C ↗ |
| Independent auditor | Miller Kaplan Arase LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Retirement · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 63 defined-contribution plans in construction with 10,000 to 49,999 participants.
| Board of Trustees, Operating Engineers Local 12: employer contribution per participant | $5,770 | |
| Peer median | $3,136 |
| Board of Trustees, Operating Engineers Local 12: average balance | $26,230 | |
| Peer median | $54,024 |
| Board of Trustees, Operating Engineers Local 12: admin expenses ÷ assets | 0.18% | |
| Peer median | 0.20% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $376M at the end of plan year 2023 to $518M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 23,643 | $518M | $114M | $5,770 | 0.18% | Not published | Form 5500 ↗ |
| 2023 | 22,121 | $376M | $104M | $5,442 | 0.24% | Not published | Form 5500 ↗ |
Common questions
Does Board of Trustees, Operating Engineers Local 12 match 401(k) contributions?
The match terms for the Operating Engineers Local 12 Defined Contribution Trust have not been published from its filing yet. The plan year 2024 filing reports $114M in employer contributions, about $5,770 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Board of Trustees, Operating Engineers Local 12 401(k) match vested?
The vesting schedule for the Operating Engineers Local 12 Defined Contribution Trust is not in the data published so far. Your Summary Plan Description states it.
Who manages the Board of Trustees, Operating Engineers Local 12 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is John Hancock Retirement Plan Svcs. The plan administrator is Board of Trustees, Operating Engineers Local 12.
I left Board of Trustees, Operating Engineers Local 12. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Board of Trustees, Operating Engineers Local 12, (626) 356-1000) or the recordkeeper, John Hancock Retirement Plan Svcs. The Board of Trustees, Operating Engineers Local 12 old 401(k) page lists the contacts from every plan filing. Find an old Board of Trustees, Operating Engineers Local 12 401(k)
Data from the public Form 5500 annual reports Board of Trustees, Operating Engineers Local 12 filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Board of Trustees, Operating Engineers Local 12. Not financial advice. Report a correction · Methodology