Profit Sharing · DOL Form 5500 · 2023

Sprinkler Fitters and Apprentices Local Union No. 550 Profit Sharing Plan

Data updated 2026-08-11

$150M
Total assets: 786
Participants: 94th
Percentile by assets: $190,911
Avg per participant

Official DOL plan name: Local 550 Annuity Plan · Sponsored by Sprinkler Fitters and Apprentices Local Union No. 550 · Massachusetts · Other Services

$150M in assets, 786 participants

Sprinkler Fitters and Apprentices Local Union No. 550's Local 550 Annuity Plan reported $150M in total assets and 786 participants in its 2023 DOL Form 5500 filing, ranking in the 94th 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.

94th percentile by assets (of 127,072 plans)
#7,699 in Other Services (7,857 peers)

Where Local 550 Annuity Plan sits by assets

Local 550 Annuity Plan sits in the top 10% of all filed plans by assets, $150M for 786 participants (~$190,911/participant), up 25.4% in 2023.

$150M
total plan assets (2023 EOY): 786
covered participants: 94th
percentile by assets (of 127,072 plans): $190,911
avg assets per participant

Local 550 Annuity Plan reported net income rose from -$19M in the plan year 2022 filing to $30M in the plan year 2023 filing.
Local 550 Annuity Plan end-of-year assets rose from $120M in the plan year 2022 filing to $150M in the plan year 2023 filing.
Local 550 Annuity Plan reported participants rose from 761 in the plan year 2022 filing to 786 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Massachusetts

Industry

Other Services

Local 550 Annuity Plan vs the 2023 asset distribution

By assets, Local 550 Annuity Plan outranks 94% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 1.5x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$120M
Net Assets (End of Year)	$150M
Net Income	$30M
Employer EIN	041859910
Plan Effective Date	1997-11-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Sprinkler Fitters and Apprentices Local Union No. 550)

Total plan assets by year, all Sprinkler Fitters and Apprentices Local Union No. 550 plans on file

Year	Plans	Participants	Total Assets
2022	1	761	$120M
2023	1	786	$150M
2024	1	783	$173M

Nearby Profit Sharing Plans in Massachusetts

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

Local 550 Annuity Plan vs. nearby Profit Sharing plans in Massachusetts, assets vs. participants

Consolidated 403(b) Program of Mass General Brigham and Member Organizations $14.9B · 74,212
Demoulas (Restated) Profit Sharing Plan & Trust $1.0B · 12,622
Dana-Farber Cancer Institute Retirement Plan $788M · 4,630
The Boston Consulting Group, Inc. Employees' Profit Sharing Retirement Fund $679M · 6,360
Sheet Metal Workers Local 17 Annuity Income Fund $617M · 2,868

Compare Local 550 Annuity Plan side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to Local 550 Annuity Plan by total assets, not by location.

West Virginia Laborers Profit Sharing Plan (WV) $151M · 5,751
New Jersey B.a.C. Annuity Fund (NJ) $151M · 1,453
Sheet Metal Workers Local Union No 25 New Jersey Annuity Fund (NJ) $149M · 411
St. Lawrence Health System 403(b) Retirement Plan (NY) $149M · 2,075

Frequently Asked Questions

How did Local 550 Annuity Plan assets move in 2023? ▼

Local 550 Annuity Plan grew sharply - up 25.4% during 2023, from $120M to $150M. Reported net income was $30M.

How have Sprinkler Fitters and Apprentices Local Union No. 550 plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Sprinkler Fitters and Apprentices Local Union No. 550's sponsor-wide assets grew 44.5%, from $120M to $173M.

Where does Local 550 Annuity Plan rank by assets among Form 5500 filers? ▼

Local 550 Annuity Plan ranks in the 94th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).

Which Profit Sharing plans are similar in size to Local 550 Annuity Plan? ▼

Among Profit Sharing plans in other states, the closest by assets is West Virginia Laborers Profit Sharing Plan in WV ($151M, 5,751 participants).

Next read for Local 550 Annuity Plan

Scale reading

Ways to act on Local 550 Annuity Plan's numbers.

By total assets, Local 550 Annuity Plan ranks in the top 10% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Profit Sharing plans in Massachusetts. Compare plans
Sprinkler Fitters and Apprentices Local Union No. 550's sponsor-wide assets have grown 44.5% since 2022 across 3 plan years on file. More Other Services 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 041859910.