401(k) · DOL Form 5500 · 2023

Board Directors of Profit Sharing & 401(k) Retirement Plan Local 567 401(k) Plan

Data updated 2026-08-25

$70M
Total assets Below avg plan size
401
Participants Below avg headcount
89th
Percentile by assets National rank
$174,515
Avg per participant Above avg balance/head
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Official DOL plan name: Profit Sharing & 401(k) Retirement Plan Local 567 · Sponsored by Board Directors of Profit Sharing & 401(k) Retirement Plan Local 567 · Maine · Construction

$70M in assets, 401 participants

Board Directors of Profit Sharing & 401(k) Retirement Plan Local 567's Profit Sharing & 401(k) Retirement Plan Local 567 reported $70M in total assets and 401 participants in its 2023 DOL Form 5500 filing, ranking in the 89th 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.

  • #7,811 in Construction (9,030 peers)

Where Profit Sharing & 401(k) Retirement Plan Local 567 sits by assets

Profit Sharing & 401(k) Retirement Plan Local 567 sits in the top quartile of all filed plans by assets, $70M for 401 participants (~$174,515/participant), up 18.6% in 2023.

#7,811
in Construction (9,030 peers)
+18.6%
assets growth YoY
0.7×
vs typical plan assets (national mean)

Profit Sharing & 401(k) Retirement Plan Local 567's outsized position by total assets

Profit Sharing & 401(k) Retirement Plan Local 567 vs every filed plan by assets

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

$69,980,327 Top 11% higher than 89% 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

Profit Sharing & 401(k) Retirement Plan Local 567 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. Profit Sharing & 401(k) Retirement Plan Local 567 sits mid-pack in the medium band (401 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Profit Sharing & 401(k) Retirement Plan Local 567 reported net income rose from -$5M in the plan year 2022 filing to $11M in the plan year 2023 filing.
  • Profit Sharing & 401(k) Retirement Plan Local 567 reported participants fell from 638 in the plan year 2022 filing to 401 in the plan year 2023 filing.
  • Profit Sharing & 401(k) Retirement Plan Local 567 end-of-year assets rose from $59M in the plan year 2022 filing to $70M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 010439781 · Board Directors of Profit Sharing & 401(k) Retirement Plan Local 567 PY 2023 · 401(k)

Profit Sharing & 401(k) Retirement Plan Local 567 · $70M · 401 · 89th

  • 5500 $70M
  • ASSETS 401
  • PCT 89th
  • EIN 401(k)
  • RANK near Mphasis Corporation 401(k) Plan
  • PHOTO ind #7811

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 Maine →

Profit Sharing & 401(k) Retirement Plan Local 567 in the asset neighbourhood

Mphasis Corporation 401(k) PlanMphasis Corporation 401(k) P…$70MEquipment & Controls, Inc. 401(k) Retirement PlanEquipment & Controls, Inc. 4…$70MProfit Sharing & 401(k) Retirement Plan Local 567Profit Sharing & 401(k) Reti…$70MVera Bradley Designs, Inc. Profit Sharing 401(k) PlanVera Bradley Designs, Inc. P…$70MHood Industries Retirement and Savings PlanHood Industries Retirement a…$70M
End-of-year total assets ($M) among Profit Sharing & 401(k) Retirement Plan Local 567 and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$59M
Net Assets (End of Year)$70M
Net Income$11M
Employer EIN010439781
Plan Effective Date1981-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board Directors of Profit Sharing & 401(k) Retirement Plan Local 567)

Sponsor-wide plan assets over time

All Board Directors of Profit Sharing & 401(k) Retirement Plan Local 567 plans reported in each filing year

Latest sponsor-wide plan assets
$73M 22.923175270178458% vs 2022
2024 filing year
$55M$60M$65M$70M$75M 202220232024 $59M $72.5M ▲ +22.9%
Year Plans Participants Total Assets
2022 1 638 $59M
2023 1 401 $70M
2024 1 451 $73M

Nearby 401(k) Plans in Maine

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Profit Sharing & 401(k) Retirement Plan Local 567 vs. nearby 401(k) plans in Maine, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -20246 Total assets ($B) Participants Profit Sharing & 401(k) Retirement Plan Local 567, Total assets ($B): 0.069980327 · Participants: 401Profit Sharing & 401(k) Retirement Plan Local 567Td 401(k) Retirement Plan, Total assets ($B): 4.942173822 · Participants: 30094Td 401(k) Retirement PlanUnum Group 401(k) Retirement Plan, Total assets ($B): 2.163858906 · Participants: 9604Unum Group 401(k) Retirement PlanIdexx Retirement and Incentive Savings Plan, Total assets ($B): 1.048053529 · Participants: 6594Idexx Retirement and Incentive Savings PlanHannaford Bros. Co. 401(k) Plan, Total assets ($B): 0.986043827 · Participants: 29370Hannaford Bros. Co. 401(k) PlanL.L. Bean 401(k) Retirement Savings Plan, Total assets ($B): 0.721305706 · Participants: 7173L.L. Bean 401(k) Retirement Savings Plan
Profit Sharing & 401(k) Retirement Plan Local 567 vs. nearby 401(k) plans in Maine, assets vs. participants
Compare Profit Sharing & 401(k) Retirement Plan Local 567 side-by-side with 3 peers →

Profit Sharing & 401(k) Retirement Plan Local 567's out-of-state 401(k) peers by assets and headcount

Outside Maine, the nearest 401(k) by assets is Mphasis Corporation 401(k) Plan in FL ($70M); by covered participants it is Aquafil USA, Inc. 401(k) Plan in GA (401 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (401 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 Profit Sharing & 401(k) Retirement Plan Local 567 assets move in 2023? ▼
Profit Sharing & 401(k) Retirement Plan Local 567 grew sharply - up 18.6% during 2023, from $59M to $70M. Reported net income was $11M.
How have Board Directors of Profit Sharing & 401(k) Retirement Plan Local 567 plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board Directors of Profit Sharing & 401(k) Retirement Plan Local 567's sponsor-wide assets grew 22.9%, from $59M to $73M.
Where does Profit Sharing & 401(k) Retirement Plan Local 567 rank by assets among Form 5500 filers? ▼
Profit Sharing & 401(k) Retirement Plan Local 567 ranks in the 89th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Profit Sharing & 401(k) Retirement Plan Local 567? ▼
Among 401(k) plans in other states, the closest by assets is Mphasis Corporation 401(k) Plan in FL ($70M, 5,633 participants).
Which 401(k) plans cover a similar participant headcount to Profit Sharing & 401(k) Retirement Plan Local 567? ▼
Among 401(k) plans in other states, the closest by covered participants is Aquafil USA, Inc. 401(k) Plan in GA (401 participants, $5M 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 010439781.

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.