Profit Sharing · DOL Form 5500 · 2024
Sprinkler Fitters and Apprentices Local Union No. 550 Profit Sharing Plan
Data updated 2026-08-11
- $173M
- Total assets
- 783
- Participants
- 94th
- Percentile by assets
- $220,854
- Avg per participant
Official DOL plan name: Local 550 Annuity Plan · Sponsored by Sprinkler Fitters and Apprentices Local Union No. 550 · Massachusetts · Other Services
$173M in assets, 783 participants
Sprinkler Fitters and Apprentices Local Union No. 550's Local 550 Annuity Plan reported $173M in total assets and 783 participants in its 2024 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 123,622 plans)
- #7,568 in Other Services (7,719 peers)
Where Local 550 Annuity Plan sits by assets
Local 550 Annuity Plan sits in the top 10% of all filed plans by assets, $173M for 783 participants (~$220,854/participant), up 15.2% in 2024.
- $173M
- total plan assets (2024 EOY)
- 783
- covered participants
- 94th
- percentile by assets (of 123,622 plans)
- $220,854
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Local 550 Annuity Plan reported net income fell from $30M in the plan year 2023 filing to $23M in the plan year 2024 filing.
- Local 550 Annuity Plan end-of-year assets rose from $150M in the plan year 2023 filing to $173M in the plan year 2024 filing.
Local 550 Annuity Plan vs the 2024 asset distribution
By assets, Local 550 Annuity Plan outranks 94% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 1.7x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $150M |
|---|---|
| Net Assets (End of Year) | $173M |
| Net Income | $23M |
| Employer EIN | 041859910 |
| Plan Effective Date | 1997-11-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sprinkler Fitters and Apprentices Local Union No. 550)
| 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.
Local 550 Annuity Plan vs. nearby Profit Sharing plans in Massachusetts, assets vs. participants
- Consolidated 403(b) Program of Mass General Brigham and Member Organizations $16.7B · 76,559
- Demoulas (Restated) Profit Sharing Plan & Trust $1.1B · 14,037
- Dana-Farber Cancer Institute Retirement Plan $930M · 5,518
- The Boston Consulting Group, Inc. Employees' Profit Sharing Retirement Fund $686M · 6,385
- Sheet Metal Workers Local 17 Annuity Income Fund $656M · 3,065
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to Local 550 Annuity Plan by total assets, not by location.
Frequently Asked Questions
How did Local 550 Annuity Plan assets move in 2024? ▼
How have Sprinkler Fitters and Apprentices Local Union No. 550 plan assets changed over time? ▼
Where does Local 550 Annuity Plan rank by assets among Form 5500 filers? ▼
Which Profit Sharing plans are similar in size to Local 550 Annuity Plan? ▼
Next read for Local 550 Annuity Plan
Scale reading
Ways to act on Local 550 Annuity Plan's numbers.
- By total assets, Local 550 Annuity 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 Massachusetts. Compare plans
- Sprinkler Fitters and Apprentices Local Union No. 550's sponsor-wide assets have grown 44.5% since 2022 across 3 plan years on file. More Other Services plans