401(k) · DOL Form 5500 · 2023
Watsco, Inc. 401(k) Plan
Data updated 2026-08-25
- $493M
- Total assets Above avg plan size
- 6,323
- Participants Above avg headcount
- 97th
- Percentile by assets National rank
- $77,995
- Avg per participant Below avg balance/head
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.
- #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.
- #6,204
- in Wholesale Trade (6,309 peers)
- +32.3%
- assets growth YoY
- 4.9×
- vs typical plan assets (national mean)
Watsco, Inc. Profit Sharing Retirement Plan and Trust's outsized position by total assets
Watsco, Inc. Profit Sharing Retirement Plan and Trust vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$493,159,782 Top 3% higher than 97% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Watsco, Inc. Profit Sharing Retirement Plan and Trust's large-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Watsco, Inc. Profit Sharing Retirement Plan and Trust lands in the large band (6,323 participants).
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.
Plan-year Form 5500 strip
Filing strip 590778222 · Watsco, Inc. PY 2023 · 401(k)
Watsco, Inc. Profit Sharing Retirement Plan and Trust · $493M · 6,323 · 97th
- TYPE $493M
- NET 6,323
- BOOK 97th
- VS-ST 401(k)
- BOY near American United Life Progress Sharing Plan and Trust
- SCH ind #6204
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 Wholesale Trade retirement plans → · Plans in Florida →
Watsco, Inc. Profit Sharing Retirement Plan and Trust in the asset neighbourhood
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.)
Sponsor-wide plan assets over time
All Watsco, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $562M 50.832285782319516% vs 2022
- 2024 filing year
| 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.
- 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)
Watsco, Inc. Profit Sharing Retirement Plan and Trust's out-of-state 401(k) peers by assets and headcount
Outside Florida, the nearest 401(k) by assets is American United Life Progress Sharing Plan and Trust in IN ($493M); by covered participants it is Hanesbrands Inc. Retirement Savings Plan in NC (6,318 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($493M here).
Similar participant headcount
Nearest other-state filings by covered participants (6,323 participants); asset peers above are excluded.
- Hanesbrands Inc. Retirement Savings Plan (NC) 6,318 · 5 off
- Dana Hourly Bargained Retirement and Savings Plan (OH) 6,318 · 5 off
- Lockton, Inc. 401(k) Plan (MO) 6,328 · 5 off
- Benchmark Senior Living 401(k) Plan (MA) 6,315 · 8 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.