Profit Sharing · DOL Form 5500 · 2023
Sprinkler Fitters and Apprentices Local Union No. 550 Profit Sharing Plan
Data updated 2026-08-25
- $150M
- Total assets Near avg plan size
- 786
- Participants Near avg headcount
- 94th
- Percentile by assets National rank
- $190,911
- Avg per participant Above avg balance/head
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.
- #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.
- #7,699
- in Other Services (7,857 peers)
- +25.4%
- assets growth YoY
- 1.5×
- vs typical plan assets (national mean)
Local 550 Annuity Plan's outsized position by total assets
Local 550 Annuity Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$150,056,059 Top 6% higher than 94% 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
Local 550 Annuity Plan among mid-size filed plans by headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Local 550 Annuity Plan sits mid-pack in the medium band (786 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- 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.
EBSA filing schedule strip
Filing strip 041859910 · Sprinkler Fitters and Apprentices Local Union No. 550 PY 2023 · Profit Sharing
Local 550 Annuity Plan · $150M · 786 · 94th
- EBSA $150M
- PART 786
- TYPE 94th
- NET Profit Sharing
- BOOK near West Virginia Laborers Profit Sharing Plan
- VS-ST ind #7699
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 Other Services retirement plans → · Plans in Massachusetts →
Local 550 Annuity Plan in the asset neighbourhood
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)
Sponsor-wide plan assets over time
All Sprinkler Fitters and Apprentices Local Union No. 550 plans reported in each filing year
- Latest sponsor-wide plan assets
- $173M 44.52935796041298% vs 2022
- 2024 filing year
| 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.
- 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
Local 550 Annuity Plan's out-of-state Profit Sharing peers by assets and headcount
Outside Massachusetts, the nearest Profit Sharing by assets is West Virginia Laborers Profit Sharing Plan in WV ($151M); by covered participants it is Southwestern Illinois Laborers Annuity Fund in IL (786 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($150M here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (786 participants); asset peers above are excluded.
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.