Profit Sharing · DOL Form 5500 · 2023

Trustees of Operating Engineers Local #49 Defined Contribution Plan Profit Sharing Plan

Data updated 2026-08-11

$41M
Total assets: 10,446
Participants: 83rd
Percentile by assets: $3,889
Avg per participant

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.

83rd percentile by assets (of 127,072 plans)
#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.

$41M
total plan assets (2023 EOY): 10,446
covered participants: 83rd
percentile by assets (of 127,072 plans): $3,889
avg assets per participant

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.

See the national 2022→2023 release diff →

State

Minnesota

Industry

Construction

Participants vs Minnesota filers

In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Operating Engineers Local #49 Defined Contribution Plan reports 10,446 participants - 9.3x that state average ($41M EOY assets).

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)

Total plan assets by year, all Trustees of Operating Engineers Local #49 Defined Contribution Plan plans on file

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.

Operating Engineers Local #49 Defined Contribution Plan vs. nearby Profit Sharing plans in Minnesota, assets vs. participants

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

Compare Operating Engineers Local #49 Defined Co… side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to Operating Engineers Local #49 Defined Contribution Plan by total assets, not by location.

Baxter Regional Medical Center 401(a) Plan (AR) $41M · 1,616
Yakima Valley Farm Workers Clinic Profit Sharing Plan (WA) $41M · 1,792
403(b) Thrift Plan Community Health Resources, Inc. (CT) $40M · 850
Stanford Health Care Tri-Valley Defined Contribution Retirement Plan (CA) $40M · 774

Frequently Asked Questions

How did Operating Engineers Local #49 Defined Contribution Plan assets move in 2023? ▼

Operating Engineers Local #49 Defined Contribution Plan surged - up 126.8% during 2023, from $18M to $41M. Reported net income was $23M.

How have Trustees of Operating Engineers Local #49 Defined Contribution Plan plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Trustees of Operating Engineers Local #49 Defined Contribution Plan's sponsor-wide assets grew 296.9%, from $18M to $71M.

Where does Operating Engineers Local #49 Defined Contribution Plan rank by assets among Form 5500 filers? ▼

Operating Engineers Local #49 Defined Contribution Plan ranks in the 83rd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).

Which Profit Sharing plans are similar in size to Operating Engineers Local #49 Defined Contribution Plan? ▼

Among Profit Sharing plans in other states, the closest by assets is Baxter Regional Medical Center 401(a) Plan in AR ($41M, 1,616 participants).

Next read for Operating Engineers Local #49 Defined Co…

Filing takeaways

Ways to act on Operating Engineers Local #49 Defined Contribution Plan's numbers.

By total assets, Operating Engineers Local #49 Defined Contribution Plan ranks in the top quartile of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Profit Sharing plans in Minnesota. Compare plans
Trustees of Operating Engineers Local #49 Defined Contribution Plan's sponsor-wide assets have grown 296.9% since 2022 across 3 plan years on file. More Construction plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 845030668.