Profit Sharing · DOL Form 5500 · 2022

Gem Plumbing and Heating Co., Inc. Profit Sharing Plan

Data updated 2026-08-25

$5M
Total assets Small plan by assets
478
Participants Below avg headcount
52nd
Percentile by assets National rank
$11,327
Avg per participant Low balance/head
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Official DOL plan name: Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan · Sponsored by Gem Plumbing and Heating Co., Inc. · Rhode Island · Construction

$5M in assets, 478 participants

Gem Plumbing and Heating Co., Inc.'s Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan reported $5M in total assets and 478 participants in its 2022 DOL Form 5500 filing, ranking in the 52nd 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.

  • #5,112 in Construction (9,927 peers)

Coverage in Rhode Island

Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan covers 478 participants in Rhode Island, about 33% of the average Rhode Island filer (state average ~1,449 per filing). Assets: $5M.

#5,112
in Construction (9,927 peers)
-12.0%
assets change YoY

The plan reported a net loss of $735K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan's mid-pack asset rank among Construction and all filers

Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan vs every filed plan by assets

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

$5,414,230 Top 48% higher than 52% 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

Gem Plumbing and Heating Co., Inc. Prevailing Wage 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. Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan sits mid-pack in the medium band (478 participants).

Plan-year Form 5500 strip

Filing strip 050400832 · Gem Plumbing and Heating Co., Inc. PY 2022 · Profit Sharing

Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan · $5M · 478 · 52nd

  • BOOK $5M
  • BOOK 478
  • BOOK 52nd
  • BOOK Profit Sharing
  • BOOK near Maritime Brokers & Consultants, Inc. Profit Sharing Plan and Trust
  • BOOK ind #5112

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 Construction retirement plans → · Plans in Rhode Island →

Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan in the asset neighbourhood

Janus Films Company Employees Profit-Sharing PlanJanus Films Company Employee…$5MCooley Group, Inc. Employees' Profit-Sharing PlanCooley Group, Inc. Employees…$5MGem Plumbing and Heating Co., Inc. Prevailing Wage PlanGem Plumbing and Heating Co.…$5MMaritime Brokers & Consultants, Inc. Profit Sharing Plan and TrustMaritime Brokers & Consultan…$5MBrighton Center, Inc. Employee Pension PlanBrighton Center, Inc. Employ…$5M
End-of-year total assets ($M) among Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2022.

Rhode Island filing particulars

Total Assets (Beginning of Year)$6M
Net Assets (End of Year)$5M
Net Income-$735K
Employer EIN050400832
Plan Effective Date1996-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Gem Plumbing and Heating Co., Inc.)

Sponsor-wide plan assets over time

All Gem Plumbing and Heating Co., Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$32M 15.215851530569319% vs 2022
2024 filing year
$26M$28M$30M$32M$34M 202220232024 $27.9M $32.2M ▲ +15.2%
Year Plans Participants Total Assets
2022 2 1,055 $28M
2023 2 1,219 $32M
2024 2 1,154 $32M

Nearby Profit Sharing Plans in Rhode Island

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

Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan vs. nearby Profit Sharing plans in Rhode Island, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -1000100200300400500 Total assets ($M) Participants Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan, Total assets ($M): 5.41423 · Participants: 478Gem Plumbing and Heating Co., Inc. Prevailing Wage PlanCare New England 403(b) Match & Savings Plan, Total assets ($M): 427.342476 · Participants: 7302Care New England 403(b) Match & Savings PlanTextron Retirement Account Plan Trust, Total assets ($M): 290.953449 · Participants: 10515Textron Retirement Account Plan TrustBrown Physicians, Inc. 401(a) Plan, Total assets ($M): 237.323248 · Participants: 949Brown Physicians, Inc. 401(a) PlanInternational Brotherhood of Electrical Workers Local Union No. 99 Annuity Plan, Total assets ($M): 153.33546 · Participants: 1039International Brotherhood of Electrical Workers Local Union No. 99 Annuity PlanIuoe Local 57 Annuity Plan, Total assets ($M): 119.52349 · Participants: 871Iuoe Local 57 Annuity Plan
Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan vs. nearby Profit Sharing plans in Rhode Island, assets vs. participants

Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Rhode Island, the nearest Profit Sharing by assets is Maritime Brokers & Consultants, Inc. Profit Sharing Plan and Trust in IL ($5M); by covered participants it is Tiber Health Pbc Retirement Plan in PR (478 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (478 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 Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan assets move in 2022?
Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan pulled back noticeably - down 12.0% during 2022, from $6M to $5M. Reported net income was -$735K.
How have Gem Plumbing and Heating Co., Inc. plan assets changed over time?
Across 3 plan years on file (2022-2024), Gem Plumbing and Heating Co., Inc.'s sponsor-wide assets grew 15.2%, from $28M to $32M.
Which Profit Sharing plans are similar in size to Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan?
Among Profit Sharing plans in other states, the closest by assets is Maritime Brokers & Consultants, Inc. Profit Sharing Plan and Trust in IL ($5M, 23 participants).
Which Profit Sharing plans cover a similar participant headcount to Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan?
Among Profit Sharing plans in other states, the closest by covered participants is Tiber Health Pbc Retirement Plan in PR (478 participants, $953K in assets).