Profit Sharing · DOL Form 5500 · 2022

Sprinkler Fitters and Apprentices Local Union No. 550 Profit Sharing Plan

Data updated 2026-08-25

$120M
Total assets Near avg plan size
761
Participants Near avg headcount
94th
Percentile by assets National rank
$157,226
Avg per participant Above avg balance/head
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Official DOL plan name: Local 550 Annuity Plan · Sponsored by Sprinkler Fitters and Apprentices Local Union No. 550 · Massachusetts · Other Services

$120M in assets, 761 participants

Sprinkler Fitters and Apprentices Local Union No. 550's Local 550 Annuity Plan reported $120M in total assets and 761 participants in its 2022 DOL Form 5500 filing, ranking in the 94th 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.

  • #8,212 in Other Services (8,398 peers)

Where Local 550 Annuity Plan sits by assets

Local 550 Annuity Plan sits in the top 10% of all filed plans by assets, $120M for 761 participants (~$157,226/participant), down 13.9% in 2022.

#8,212
in Other Services (8,398 peers)
-13.9%
assets change YoY
1.2×
vs typical plan assets (national mean)

The plan reported a net loss of $19M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Local 550 Annuity Plan's outsized position by total assets

Local 550 Annuity Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$119,649,320 Top 6% higher than 94% of 139,123 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 2022

Local 550 Annuity Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Local 550 Annuity Plan sits mid-pack in the medium band (761 participants).

DOL schedule card

Filing strip 041859910 · Sprinkler Fitters and Apprentices Local Union No. 550 PY 2022 · Profit Sharing

Local 550 Annuity Plan · $120M · 761 · 94th

  • SCH $120M
  • SCH 761
  • SCH 94th
  • SCH Profit Sharing
  • SCH near Iuoe Local 57 Annuity Plan
  • SCH ind #8212

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 Other Services retirement plans → · Plans in Massachusetts →

Local 550 Annuity Plan in the asset neighbourhood

Wilson Tool International, Inc. Profit Sharing PlanWilson Tool International, I…$120MGeneral Building Laborers' Local 66 Annuity FundGeneral Building Laborers' L…$120MAu Medical Center, Inc. 401(a) Retirement Savings PlanAu Medical Center, Inc. 401(…$120MLocal 550 Annuity Plan$120MIuoe Local 57 Annuity Plan$120M
End-of-year total assets ($M) among Local 550 Annuity Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$139M
Net Assets (End of Year)$120M
Net Income-$19M
Employer EIN041859910
Plan Effective Date1997-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sprinkler Fitters and Apprentices Local Union No. 550)

Sponsor-wide plan assets over time

All Sprinkler Fitters and Apprentices Local Union No. 550 plans reported in each filing year

Latest sponsor-wide plan assets
$173M 44.52935796041298% vs 2022
2024 filing year
$100M$120M$140M$160M$180M 202220232024 $120M $173M ▲ +44.5%
Year Plans Participants Total Assets
2022 1 761 $120M
2023 1 786 $150M
2024 1 783 $173M

Nearby Profit Sharing Plans in Massachusetts

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Local 550 Annuity Plan vs. nearby Profit Sharing plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Local 550 Annuity Plan, Total assets ($B): 0.11964932 · Participants: 761Local 550 Annuity PlanConsolidated 403(b) Program of Mass General Brigham and Member Organizations, Total assets ($B): 12.088048631 · Participants: 74556Consolidated 403(b) Program of Mass General Brigham and Member OrganizationsDemoulas (Restated) Profit Sharing Plan & Trust, Total assets ($B): 0.873013175 · Participants: 12106Demoulas (Restated) Profit Sharing Plan & TrustDana-Farber Cancer Institute Retirement Plan, Total assets ($B): 0.635251544 · Participants: 4216Dana-Farber Cancer Institute Retirement PlanThe Boston Consulting Group, Inc. Employees' Profit Sharing Retirement Fund, Total assets ($B): 0.573445261 · Participants: 5008The Boston Consulting Group, Inc. Employees' Profit Sharing Retirement FundSheet Metal Workers Local 17 Annuity Income Fund, Total assets ($B): 0.540464451 · Participants: 2153Sheet Metal Workers Local 17 Annuity Income Fund
Local 550 Annuity Plan vs. nearby Profit Sharing plans in Massachusetts, assets vs. participants
Compare Local 550 Annuity Plan side-by-side with 3 peers →

Local 550 Annuity Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Massachusetts, the nearest Profit Sharing by assets is Iuoe Local 57 Annuity Plan in RI ($120M); by covered participants it is Family & Children's Services 403(b) Plan in OK (762 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (761 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Local 550 Annuity Plan assets move in 2022? ▼
Local 550 Annuity Plan pulled back noticeably - down 13.9% during 2022, from $139M to $120M. Reported net income was -$19M.
How have Sprinkler Fitters and Apprentices Local Union No. 550 plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sprinkler Fitters and Apprentices Local Union No. 550's sponsor-wide assets grew 44.5%, from $120M to $173M.
Where does Local 550 Annuity Plan rank by assets among Form 5500 filers? ▼
Local 550 Annuity Plan ranks in the 94th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which Profit Sharing plans are similar in size to Local 550 Annuity Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Iuoe Local 57 Annuity Plan in RI ($120M, 871 participants).
Which Profit Sharing plans cover a similar participant headcount to Local 550 Annuity Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Family & Children's Services 403(b) Plan in OK (762 participants, $28M in assets).

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 041859910.

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.