401(k) · DOL Form 5500 · 2023
Watsco, Inc. 401(k) Plan
Data updated 2026-08-11
- $493M
- Total assets
- 6,323
- Participants
- 97th
- Percentile by assets
- $77,995
- Avg per participant
Official DOL plan name: Watsco, Inc. Profit Sharing Retirement Plan and Trust · Sponsored by Watsco, Inc. · Florida · Wholesale Trade
$493M in assets, 6,323 participants
Watsco, Inc.'s Watsco, Inc. Profit Sharing Retirement Plan and Trust reported $493M in total assets and 6,323 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.
- 97th percentile by assets (of 127,072 plans)
- #6,204 in Wholesale Trade (6,309 peers)
Coverage in Florida
Watsco, Inc. Profit Sharing Retirement Plan and Trust covers 6,323 participants in Florida, 10x the typical Florida plan (state average ~628 per filing). Assets: $493M.
- $493M
- total plan assets (2023 EOY)
- 6,323
- covered participants
- 97th
- percentile by assets (of 127,072 plans)
- $77,995
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Watsco, Inc. Profit Sharing Retirement Plan and Trust reported net income rose from -$50M in the plan year 2022 filing to $121M in the plan year 2023 filing.
- Watsco, Inc. Profit Sharing Retirement Plan and Trust end-of-year assets rose from $373M in the plan year 2022 filing to $493M in the plan year 2023 filing.
- Watsco, Inc. Profit Sharing Retirement Plan and Trust reported participants rose from 5,457 in the plan year 2022 filing to 6,323 in the plan year 2023 filing.
Participants vs Florida filers
In Florida, the average filing covers about 628 participants across 6,617 plans. Watsco, Inc. Profit Sharing Retirement Plan and Trust reports 6,323 participants - 10x that state average ($493M EOY assets).
Florida filing particulars
| Total Assets (Beginning of Year) | $373M |
|---|---|
| Net Assets (End of Year) | $493M |
| Net Income | $121M |
| Employer EIN | 590778222 |
| Plan Effective Date | 1984-12-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Watsco, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 5,457 | $373M |
| 2023 | 1 | 6,323 | $493M |
| 2024 | 1 | 6,527 | $562M |
Nearby 401(k) Plans in Florida
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Watsco, Inc. Profit Sharing Retirement Plan and Trust vs. nearby 401(k) plans in Florida, assets vs. participants
- L3harris Retirement Savings Plan $15.4B · 40,665
- Savings Plan for Employees and Partners of Pwc $11.3B · 50,817
- Adp Totalsource Retirement Savings Plan $8.0B · 308,867
- Trinet 401(k) Plan $7.0B · 157,945
- Publix Super Markets, Inc. 401(k) Smart Plan $6.6B · 184,674
Scale composition for Watsco, Inc. Profit Sharing Retirement Plan and Trust
Watsco, Inc. Profit Sharing Retirement Plan and Trust reports $493M in end-of-year assets across 6,323 participants (0.004% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.007% of 93,925,755 covered participants) - about $77,995 per participant (56% of the national average assets-per-participant) . Net income for plan year 2023 was $121M.
This plan identity (EIN 590778222, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $373M to $562M (+50.8%) while covered participants moved from 5,457 to 6,527 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 5,457 | $373M | Open filing |
| 2023 | 6,323 | $493M | This page |
| 2024 · index core | 6,527 | $562M | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Watsco, Inc. Profit Sharing Retirement Plan and Trust (401(k), $562M, 6,527 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Watsco, Inc. Profit Sharing Retirement Plan and Trust by total assets, not by location.
Frequently Asked Questions
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Filing takeaways
Ways to act on Watsco, Inc. Profit Sharing Retirement Plan and Trust's numbers.
- By total assets, Watsco, Inc. Profit Sharing Retirement Plan and Trust ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Florida. Compare plans
- Watsco, Inc.'s sponsor-wide assets have grown 50.8% since 2022 across 3 plan years on file. More Wholesale Trade plans