Profit Sharing · DOL Form 5500 · 2023

Board of Trustees Steamfitters Surety Fund Local 475 Profit Sharing Plan

Data updated 2026-08-11

$165M
Total assets: 1,432
Participants: 94th
Percentile by assets: $115,374
Avg per participant

Official DOL plan name: Steamfitters Surety Fund Local Union No 475 · Sponsored by Board of Trustees Steamfitters Surety Fund Local 475 · New Jersey · Construction

$165M in assets, 1,432 participants

Board of Trustees Steamfitters Surety Fund Local 475's Steamfitters Surety Fund Local Union No 475 reported $165M in total assets and 1,432 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)
#8,361 in Construction (9,030 peers)

Where Steamfitters Surety Fund Local Union No 475 sits by assets

Steamfitters Surety Fund Local Union No 475 sits in the top 10% of all filed plans by assets, $165M for 1,432 participants (~$115,374/participant), up 8.5% in 2023.

$165M
total plan assets (2023 EOY): 1,432
covered participants: 94th
percentile by assets (of 127,072 plans): $115,374
avg assets per participant

Steamfitters Surety Fund Local Union No 475 reported net income rose from -$10M in the plan year 2022 filing to $13M in the plan year 2023 filing.
Steamfitters Surety Fund Local Union No 475 reported participants fell from 1,615 in the plan year 2022 filing to 1,432 in the plan year 2023 filing.
Steamfitters Surety Fund Local Union No 475 end-of-year assets rose from $152M in the plan year 2022 filing to $165M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

New Jersey

Industry

Construction

Steamfitters Surety Fund Local Union No 475 vs the 2023 asset distribution

By assets, Steamfitters Surety Fund Local Union No 475 outranks 94% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 1.7x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$152M
Net Assets (End of Year)	$165M
Net Income	$13M
Employer EIN	222351695
Plan Effective Date	1980-05-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees Steamfitters Surety Fund Local 475)

Total plan assets by year, all Board of Trustees Steamfitters Surety Fund Local 475 plans on file

Year	Plans	Participants	Total Assets
2022	1	1,615	$152M
2023	1	1,432	$165M
2024	1	1,484	$175M

Nearby Profit Sharing Plans in New Jersey

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

Steamfitters Surety Fund Local Union No 475 vs. nearby Profit Sharing plans in New Jersey, assets vs. participants

Ernst & Young Partnership Retirement (Hr-10) Plan $2.5B · 1,843
Operating Engineers Local 825 Profit Sharing Fund $1.4B · 10,336
Heavy & General Laborers' Local Unions 472 & 172 of Nj Annuity Plan $1.4B · 8,602
IBEW Local Union No 102 Surety Plan $637M · 2,283
Kpmg Partner Retirement Savings Plan $529M · 1,895

Compare Steamfitters Surety Fund Local Union No … side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to Steamfitters Surety Fund Local Union No 475 by total assets, not by location.

Edc Retirement Plan (MA) $165M · 544
Nnpp Contractor Capital Accumulation Plan (PA) $165M · 5,435
Pih Health, Inc. 401(a) Plan (CA) $165M · 6,121
General Building Laborers' Local 66 Annuity Fund (NY) $164M · 2,393

Frequently Asked Questions

How did Steamfitters Surety Fund Local Union No 475 assets move in 2023? ▼

Steamfitters Surety Fund Local Union No 475 grew at a solid clip - up 8.5% during 2023, from $152M to $165M. Reported net income was $13M.

How have Board of Trustees Steamfitters Surety Fund Local 475 plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees Steamfitters Surety Fund Local 475's sponsor-wide assets grew 14.7%, from $152M to $175M.

Where does Steamfitters Surety Fund Local Union No 475 rank by assets among Form 5500 filers? ▼

Steamfitters Surety Fund Local Union No 475 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 Steamfitters Surety Fund Local Union No 475? ▼

Among Profit Sharing plans in other states, the closest by assets is Edc Retirement Plan in MA ($165M, 544 participants).

Next read for Steamfitters Surety Fund Local Union No …

Scale reading

Ways to act on Steamfitters Surety Fund Local Union No 475's numbers.

By total assets, Steamfitters Surety Fund Local Union No 475 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 New Jersey. Compare plans
Board of Trustees Steamfitters Surety Fund Local 475's sponsor-wide assets have grown 14.7% 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 222351695.