401(k)
2022 plan-year 401(k) DOL Form 5500

Local #S7 of the International Brotherhood of Boilermakers, Iron Ship

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by Empire Comfort Systems, Inc. · Illinois · Manufacturing

What the 2023 filing shows

Local #S7 of the International Brotherhood of Boilermakers, Iron Ship holds $1M for 124 participants — about $9,341 per participant, down 32.4% over the 2022 plan year.

$1M
total plan assets (2022 EOY)
124
covered participants
$9,341
avg assets per participant
-32.4%
assets change YoY

The plan reported a net loss of $556K for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$1M
Participants
124
State
Industry
Manufacturing

What the Filing Says About Local #S7 of the International Brotherhood of Boilermakers, Iron Ship

Local #S7 of the International Brotherhood of Boilermakers, Iron Ship is a 401(k) retirement plan sponsored by Empire Comfort Systems, Inc., headquartered in Illinois. As of the 2022 Form 5500 filing, the plan reports $1M in total end-of-year assets and covers 124 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 371234416, and the plan has been effective since 1998-06-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $2M at the beginning of 2022 to $1M at year-end — a decline of 32.4%. Net assets (after liabilities) closed the year at $1M, with reported net income of $-555,956 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 1 prior plan-year filing from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$2M
Total Assets (End of Year)$1M
Net Assets (End of Year)$1M
Net Income$-555,956
Plan Type401(k)
Employer EIN371234416
Plan Effective Date1998-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Empire Comfort Systems, Inc.)

Year Plans Participants Total Assets
2022 2 347 $12M
2023 1 222 $12M

Nearby 401(k) Plans in Illinois

Peer 401(k) plans — same state, same plan type — ranked by total assets.

Frequently Asked Questions

How much money is in the Local #S7 of the International Brotherhood of Boilermakers, Iron Ship?
As of the 2022 Form 5500 filing, Local #S7 of the International Brotherhood of Boilermakers, Iron Ship holds $1M in total assets with 124 participants. It is sponsored by Empire Comfort Systems, Inc..
What type of plan is Local #S7 of the International Brotherhood of Boilermakers, Iron Ship?
Local #S7 of the International Brotherhood of Boilermakers, Iron Ship is a 401(k) plan. It has been effective since 1998-06-01. The plan is filed with the U.S. Department of Labor under EIN 371234416.
Who sponsors the Local #S7 of the International Brotherhood of Boilermakers, Iron Ship?
Local #S7 of the International Brotherhood of Boilermakers, Iron Ship is sponsored by Empire Comfort Systems, Inc., located in Illinois. The sponsor's EIN is 371234416 and the plan operates in the Manufacturing industry.
How did Local #S7 of the International Brotherhood of Boilermakers, Iron Ship perform in 2022?
Local #S7 of the International Brotherhood of Boilermakers, Iron Ship declined by 32.4% during 2022, moving from $2M to $1M in total assets. Net income was $-555,956.
Where can I find official filings for Local #S7 of the International Brotherhood of Boilermakers, Iron Ship?
Official Form 5500 filings for Local #S7 of the International Brotherhood of Boilermakers, Iron Ship are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 371234416 or plan name at efast.dol.gov.
How does Local #S7 of the International Brotherhood of Boilermakers, Iron Ship compare to other plans?
You can compare Local #S7 of the International Brotherhood of Boilermakers, Iron Ship against other 401(k) plans on the plan type page, or view plans in Illinois on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 371234416.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.