Profit Sharing · DOL Form 5500 · 2023

Gem Plumbing and Heating Co., Inc. Profit Sharing Plan

Data updated 2026-08-25

$6M
Total assets Small plan by assets
537
Participants Below avg headcount
48th
Percentile by assets National rank
$11,124
Avg per participant Low balance/head
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Official DOL plan name: Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan · Sponsored by Gem Plumbing and Heating Co., Inc. · Rhode Island · Construction

$6M in assets, 537 participants

Gem Plumbing and Heating Co., Inc.'s Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan reported $6M in total assets and 537 participants in its 2023 DOL Form 5500 filing, ranking in the 48th 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.

  • #4,153 in Construction (9,030 peers)

Coverage in Rhode Island

Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan covers 537 participants in Rhode Island, about 37% of the average Rhode Island filer (state average ~1,449 per filing). Assets: $6M.

#4,153
in Construction (9,030 peers)
+10.3%
assets growth YoY

Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan's mid-pack asset rank among Construction and all filers

Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$5,973,659 48th percentile higher than 48% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Gem Plumbing and Heating Co., Inc. Prevailing Wage 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. Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan sits mid-pack in the medium band (537 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan reported net income rose from -$735K in the plan year 2022 filing to $559K in the plan year 2023 filing.
  • Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan reported participants rose from 478 in the plan year 2022 filing to 537 in the plan year 2023 filing.
  • Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan end-of-year assets rose from $5M in the plan year 2022 filing to $6M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 050400832 · Gem Plumbing and Heating Co., Inc. PY 2023 · Profit Sharing

Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan · $6M · 537 · 48th

  • PCT $6M
  • EIN 537
  • RANK 48th
  • PHOTO Profit Sharing
  • IND near Konexial, Inc. Retirement Plan
  • EOY ind #4153

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 Construction retirement plans → · Plans in Rhode Island →

Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan in the asset neighbourhood

Marengo Tool and Die Works Inc. Profit Sharing PlanMarengo Tool and Die Works I…$6M403(b) Thrift Plan of the Community Health Center of Lubbock, Inc.403(b) Thrift Plan of the Co…$6MGem Plumbing and Heating Co., Inc. Prevailing Wage PlanGem Plumbing and Heating Co.…$6MKonexial, Inc. Retirement PlanKonexial, Inc. Retirement Pl…$6MMolson Coors Puerto Rico Savings and InvestmentMolson Coors Puerto Rico Sav…$6M
End-of-year total assets ($M) among Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

Rhode Island filing particulars

Total Assets (Beginning of Year)$5M
Net Assets (End of Year)$6M
Net Income$559K
Employer EIN050400832
Plan Effective Date1996-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Gem Plumbing and Heating Co., Inc.)

Sponsor-wide plan assets over time

All Gem Plumbing and Heating Co., Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$32M 15.215851530569319% vs 2022
2024 filing year
$26M$28M$30M$32M$34M 202220232024 $27.9M $32.2M ▲ +15.2%
Year Plans Participants Total Assets
2022 2 1,055 $28M
2023 2 1,219 $32M
2024 2 1,154 $32M

Nearby Profit Sharing Plans in Rhode Island

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

Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan vs. nearby Profit Sharing plans in Rhode Island, assets vs. participants Scatter plot of 6 data points. 050001000015000 -2000200400600 Total assets ($M) Participants Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan, Total assets ($M): 5.973659 · Participants: 537Gem Plumbing and Heating Co., Inc. Prevailing Wage PlanCare New England 403(b) Match & Savings Plan, Total assets ($M): 515.558668 · Participants: 7471Care New England 403(b) Match & Savings PlanTextron Retirement Account Plan Trust, Total assets ($M): 332.389145 · Participants: 10046Textron Retirement Account Plan TrustBrown Physicians, Inc. 401(a) Plan, Total assets ($M): 280.868521 · Participants: 1274Brown Physicians, Inc. 401(a) PlanInternational Brotherhood of Electrical Workers Local Union No. 99 Annuity Plan, Total assets ($M): 178.673516 · Participants: 694International Brotherhood of Electrical Workers Local Union No. 99 Annuity PlanIuoe Local 57 Annuity Plan, Total assets ($M): 131.889048 · Participants: 938Iuoe Local 57 Annuity Plan
Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan vs. nearby Profit Sharing plans in Rhode Island, assets vs. participants
Compare Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan side-by-side with 3 peers →

Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Rhode Island, the nearest Profit Sharing by assets is Konexial, Inc. Retirement Plan in TN ($6M); by covered participants it is Christianbook, LLC Profit-Sharing Plan in MA (538 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (537 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.

Frequently Asked Questions

How did Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan assets move in 2023? ▼
Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan grew at a solid clip - up 10.3% during 2023, from $5M to $6M. Reported net income was $559K.
How have Gem Plumbing and Heating Co., Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Gem Plumbing and Heating Co., Inc.'s sponsor-wide assets grew 15.2%, from $28M to $32M.
Which Profit Sharing plans are similar in size to Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Konexial, Inc. Retirement Plan in TN ($6M, 11 participants).
Which Profit Sharing plans cover a similar participant headcount to Gem Plumbing and Heating Co., Inc. Prevailing Wage Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Christianbook, LLC Profit-Sharing Plan in MA (538 participants, $29M in assets).

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 050400832.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.