Profit Sharing · DOL Form 5500 · 2023
Trustees of Operating Engineers Local #49 Defined Contribution Plan Profit Sharing Plan
Data updated 2026-08-25
- $41M
- Total assets Below avg plan size
- 10,446
- Participants Very large workforce
- 83rd
- Percentile by assets National rank
- $3,889
- Avg per participant Low balance/head
Official DOL plan name: Operating Engineers Local #49 Defined Contribution Plan · Sponsored by Trustees of Operating Engineers Local #49 Defined Contribution Plan · Minnesota · Construction
$41M in assets, 10,446 participants
Trustees of Operating Engineers Local #49 Defined Contribution Plan's Operating Engineers Local #49 Defined Contribution Plan reported $41M in total assets and 10,446 participants in its 2023 DOL Form 5500 filing, ranking in the 83rd 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.
- #7,341 in Construction (9,030 peers)
Coverage in Minnesota
Operating Engineers Local #49 Defined Contribution Plan covers 10,446 participants in Minnesota, 9.3x the typical Minnesota plan (state average ~1,126 per filing). Assets: $41M.
- #7,341
- in Construction (9,030 peers)
- +126.8%
- assets growth YoY
- 0.4×
- vs typical plan assets (national mean)
Operating Engineers Local #49 Defined Contribution Plan's outsized position by total assets
Operating Engineers Local #49 Defined Contribution Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$40,627,470 Top 17% higher than 83% 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
Operating Engineers Local #49 Defined Contribution Plan's mega-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Operating Engineers Local #49 Defined Contribution Plan is a mega filing (10,446 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Operating Engineers Local #49 Defined Contribution Plan end-of-year assets rose from $18M in the plan year 2022 filing to $41M in the plan year 2023 filing.
- Operating Engineers Local #49 Defined Contribution Plan reported net income rose from $11M in the plan year 2022 filing to $23M in the plan year 2023 filing.
- Operating Engineers Local #49 Defined Contribution Plan reported participants rose from 8,293 in the plan year 2022 filing to 10,446 in the plan year 2023 filing.
Published 5500 schedule card
Filing strip 845030668 · Trustees of Operating Engineers Local #49 Defined Contribution Plan PY 2023 · Profit Sharing
Operating Engineers Local #49 Defined Contribution Plan · $41M · 10,446 · 83rd
- EIN $41M
- EIN 10,446
- EIN 83rd
- EIN Profit Sharing
- EIN near Baxter Regional Medical Center 401(a) Plan
- EIN ind #7341
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 Minnesota →
Operating Engineers Local #49 Defined Contribution Plan in the asset neighbourhood
Minnesota filing particulars
| Total Assets (Beginning of Year) | $18M |
|---|---|
| Net Assets (End of Year) | $41M |
| Net Income | $23M |
| Employer EIN | 845030668 |
| Plan Effective Date | 2020-05-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Trustees of Operating Engineers Local #49 Defined Contribution Plan)
Sponsor-wide plan assets over time
All Trustees of Operating Engineers Local #49 Defined Contribution Plan plans reported in each filing year
- Latest sponsor-wide plan assets
- $71M 296.89920615533293% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 8,293 | $18M |
| 2023 | 1 | 10,446 | $41M |
| 2024 | 1 | 11,456 | $71M |
Nearby Profit Sharing Plans in Minnesota
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
- Essentia Health Retirement Plan $1.9B · 15,491
- Pipe Trades Services Mn Pension Supplement Fund $1.6B · 6,062
- Allina 403(b) Retirement Savings Plan $906M · 9,417
- Fairview Health Services Pension Plan $610M · 4,828
- Cargill Employee Retirement Account Plan $511M · 19,870
Operating Engineers Local #49 Defined Contribution Plan's out-of-state Profit Sharing peers by assets and headcount
Outside Minnesota, the nearest Profit Sharing by assets is Baxter Regional Medical Center 401(a) Plan in AR ($41M); by covered participants it is Operating Engineers Local 825 Profit Sharing Fund in NJ (10,336 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($41M here).
Similar participant headcount
Nearest other-state filings by covered participants (10,446 participants); asset peers above are excluded.
- Operating Engineers Local 825 Profit Sharing Fund (NJ) 10,336 · 110 off
- International Painters and Allied Trades Industry Annuity Plan (MD) 10,625 · 179 off
- Ohio Carpenters' Annuity Plan (MI) 10,256 · 190 off
- Baylor College of Medicine Retirement Plan (TX) 10,240 · 206 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.