Profit Sharing · DOL Form 5500 · 2024

Sprinkler Fitters and Apprentices Local Union No. 550 Profit Sharing Plan

Data updated 2026-08-25

$173M
Total assets Near avg plan size
783
Participants Near avg headcount
94th
Percentile by assets National rank
$220,854
Avg per participant Above avg balance/head
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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.

  • #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.

#7,568
in Other Services (7,719 peers)
+15.2%
assets growth YoY
1.7×
vs typical plan assets (national mean)

Local 550 Annuity Plan's outsized position by total assets

Local 550 Annuity Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$172,928,394 Top 6% higher than 94% of 123,620 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 2024

Local 550 Annuity Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Local 550 Annuity Plan sits mid-pack in the medium band (783 participants).

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.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 041859910 · Sprinkler Fitters and Apprentices Local Union No. 550 PY 2024 · Profit Sharing

Local 550 Annuity Plan · $173M · 783 · 94th

  • RANK $173M
  • RANK 783
  • RANK 94th
  • RANK Profit Sharing
  • RANK near Southern Ohio Medical Center Retirement Savings Program
  • RANK ind #7568

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 Other Services retirement plans → · Plans in Massachusetts →

Local 550 Annuity Plan in the asset neighbourhood

St. Lawrence Health System 403(b) Retirement PlanSt. Lawrence Health System 4…$173MSouthern Ohio Medical Center Retirement Savings ProgramSouthern Ohio Medical Center…$173MLocal 550 Annuity Plan$173MGreenwich Hospital Retirement and Savings PlanGreenwich Hospital Retiremen…$173MCeramic Tile and Terrazzo Local 67 B.a.C. Annuity Trust FundCeramic Tile and Terrazzo Lo…$172M
End-of-year total assets ($M) among Local 550 Annuity Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$150M
Net Assets (End of Year)$173M
Net Income$23M
Employer EIN041859910
Plan Effective Date1997-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sprinkler Fitters and Apprentices Local Union No. 550)

Sponsor-wide plan assets over time

All Sprinkler Fitters and Apprentices Local Union No. 550 plans reported in each filing year

Latest sponsor-wide plan assets
$173M 44.52935796041298% vs 2022
2024 filing year
$100M$120M$140M$160M$180M 202220232024 $120M $173M ▲ +44.5%
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 Scatter plot of 6 data points. -20000020000400006000080000100000 -505101520 Total assets ($B) Participants Local 550 Annuity Plan, Total assets ($B): 0.172928394 · Participants: 783Local 550 Annuity PlanConsolidated 403(b) Program of Mass General Brigham and Member Organizations, Total assets ($B): 16.746508173 · Participants: 76559Consolidated 403(b) Program of Mass General Brigham and Member OrganizationsDemoulas (Restated) Profit Sharing Plan & Trust, Total assets ($B): 1.11674253 · Participants: 14037Demoulas (Restated) Profit Sharing Plan & TrustDana-Farber Cancer Institute Retirement Plan, Total assets ($B): 0.93023844 · Participants: 5518Dana-Farber Cancer Institute Retirement PlanThe Boston Consulting Group, Inc. Employees' Profit Sharing Retirement Fund, Total assets ($B): 0.685607607 · Participants: 6385The Boston Consulting Group, Inc. Employees' Profit Sharing Retirement FundSheet Metal Workers Local 17 Annuity Income Fund, Total assets ($B): 0.656271721 · Participants: 3065Sheet Metal Workers Local 17 Annuity Income Fund
Local 550 Annuity Plan vs. nearby Profit Sharing plans in Massachusetts, assets vs. participants
Compare Local 550 Annuity Plan side-by-side with 3 peers →

Local 550 Annuity Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Massachusetts, the nearest Profit Sharing by assets is Southern Ohio Medical Center Retirement Savings Program in OH ($173M); by covered participants it is Cement Masons and Plasterers Local 518 Defined Contribution Fund in MO (783 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (783 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Local 550 Annuity Plan assets move in 2024? ▼
Local 550 Annuity Plan grew sharply - up 15.2% during 2024, from $150M to $173M. Reported net income was $23M.
How have Sprinkler Fitters and Apprentices Local Union No. 550 plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sprinkler Fitters and Apprentices Local Union No. 550's sponsor-wide assets grew 44.5%, from $120M to $173M.
Where does Local 550 Annuity Plan rank by assets among Form 5500 filers? ▼
Local 550 Annuity Plan ranks in the 94th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which Profit Sharing plans are similar in size to Local 550 Annuity Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Southern Ohio Medical Center Retirement Savings Program in OH ($173M, 3,112 participants).
Which Profit Sharing plans cover a similar participant headcount to Local 550 Annuity Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Cement Masons and Plasterers Local 518 Defined Contribution Fund in MO (783 participants, $70M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 041859910.

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.