Profit Sharing · DOL Form 5500 · 2023

Sprinkler Fitters and Apprentices Local 704 Profit Sharing Plan

Data updated 2026-08-11

$86M
Total assets: 538
Participants: 90th
Percentile by assets: $159,288
Avg per participant

Official DOL plan name: Sprinkler Fitters and Apprentices Local 704 Defined Contribution Pension Fund Plan · Sponsored by Sprinkler Fitters and Apprentices Local 704 · Michigan · Finance & Insurance

$86M in assets, 538 participants

Sprinkler Fitters and Apprentices Local 704's Sprinkler Fitters and Apprentices Local 704 Defined Contribution Pension Fund Plan reported $86M in total assets and 538 participants in its 2023 DOL Form 5500 filing, ranking in the 90th 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.

90th percentile by assets (of 127,072 plans)
#7,543 in Finance & Insurance (8,869 peers)

Where Sprinkler Fitters and Apprentices Local 704 Defined Contribution Pension Fund Plan sits by assets

Sprinkler Fitters and Apprentices Local 704 Defined Contribution Pension Fund Plan sits in the top 10% of all filed plans by assets, $86M for 538 participants (~$159,288/participant), up 20.2% in 2023.

$86M
total plan assets (2023 EOY): 538
covered participants: 90th
percentile by assets (of 127,072 plans): $159,288
avg assets per participant

Sprinkler Fitters and Apprentices Local 704 Defined Contribution Pension Fund Plan reported net income rose from -$10M in the plan year 2022 filing to $14M in the plan year 2023 filing.
Sprinkler Fitters and Apprentices Local 704 Defined Contribution Pension Fund Plan end-of-year assets rose from $71M in the plan year 2022 filing to $86M in the plan year 2023 filing.
Sprinkler Fitters and Apprentices Local 704 Defined Contribution Pension Fund Plan reported participants fell from 555 in the plan year 2022 filing to 538 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Michigan

Industry

Finance & Insurance

Sprinkler Fitters and Apprentices Local 704 Defined Contribution Pension Fund Plan vs the 2023 asset distribution

By assets, Sprinkler Fitters and Apprentices Local 704 Defined Contribution Pension Fund Plan outranks 90% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.9x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$71M
Net Assets (End of Year)	$86M
Net Income	$14M
Employer EIN	352328542
Plan Effective Date	2008-06-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Sprinkler Fitters and Apprentices Local 704)

Total plan assets by year, all Sprinkler Fitters and Apprentices Local 704 plans on file

Year	Plans	Participants	Total Assets
2022	1	555	$71M
2023	1	538	$86M
2024	1	495	$98M

Nearby Profit Sharing Plans in Michigan

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

Sprinkler Fitters and Apprentices Local 704 Defined Contribution Pension Fund Plan vs. nearby Profit Sharing plans in Michigan, assets vs. participants

Henry Ford Health System Retirement Savings Plan $1.7B · 14,349
Construction Industry Retirement Fund of Rockford $564M · 10,685
Ohio Carpenters' Annuity Plan $410M · 9,314
Hemlock Semiconductor Operations LLC Employees' Capital Accumulation Plan $288M · 1,404
NECA-IBEW Memphis Retirement Plan $213M · 2,389

Compare Sprinkler Fitters and Apprentices Local … side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to Sprinkler Fitters and Apprentices Local 704 Defined Contribution Pension Fund Plan by total assets, not by location.

Arnav Industries Inc Profit Sharing Plan and Trust (NY) $85M · N/A
Bracewell LLP 401(k) Plan B (TX) $85M · 525
Impellam NA 401(k) Plan (GA) $85M · 14,798
Texas Farm Bureau & Adopting Companies Defined Contribution Plan (TX) $85M · 932

Frequently Asked Questions

How did Sprinkler Fitters and Apprentices Local 704 Defined Contribution Pension Fund Plan assets move in 2023? ▼

Sprinkler Fitters and Apprentices Local 704 Defined Contribution Pension Fund Plan grew sharply - up 20.2% during 2023, from $71M to $86M. Reported net income was $14M.

How have Sprinkler Fitters and Apprentices Local 704 plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Sprinkler Fitters and Apprentices Local 704's sponsor-wide assets grew 37.8%, from $71M to $98M.

Where does Sprinkler Fitters and Apprentices Local 704 Defined Contribution Pension Fund Plan rank by assets among Form 5500 filers? ▼

Sprinkler Fitters and Apprentices Local 704 Defined Contribution Pension Fund Plan ranks in the 90th 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 Sprinkler Fitters and Apprentices Local 704 Defined Contribution Pension Fund Plan? ▼

Among Profit Sharing plans in other states, the closest by assets is Arnav Industries Inc Profit Sharing Plan and Trust in NY ($85M, N/A participants).

Next read for Sprinkler Fitters and Apprentices Local …

Scale reading

Ways to act on Sprinkler Fitters and Apprentices Local 704 Defined Contribution Pension Fund Plan's numbers.

By total assets, Sprinkler Fitters and Apprentices Local 704 Defined Contribution Pension Fund 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 Michigan. Compare plans
Sprinkler Fitters and Apprentices Local 704's sponsor-wide assets have grown 37.8% since 2022 across 3 plan years on file. More Finance & Insurance 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 352328542.