401(k)
2024 plan-year 401(k) DOL Form 5500

GEM PLUMBING AND HEATING CO., INC. 401(K) PROFIT SHARING PLAN

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

GEM PLUMBING AND HEATING CO., INC.

This 401(k) plan holds $26M in total assets and serves 628 participants as of 2024. It is sponsored by GEM PLUMBING AND HEATING CO., INC. in Rhode Island. The plan reported a net loss of $432K for the year.

Total Assets (2023)
$26M
Participants
628
State
Industry
Construction

What the Filing Says About GEM PLUMBING AND HEATING CO., INC. 401(K) PROFIT SHARING PLAN

GEM PLUMBING AND HEATING CO., INC. 401(K) PROFIT SHARING PLAN is a 401(k) retirement plan sponsored by GEM PLUMBING AND HEATING CO., INC., headquartered in Rhode Island. As of the 2024 Form 5500 filing, the plan reports $26M in total end-of-year assets and covers 628 participants across the Construction industry. The sponsor's EIN on file with the U.S. Department of Labor is 050400832, and the plan has been effective since 1988-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $26M at the beginning of 2024 to $26M at year-end — a decline of 1.7%. Net assets (after liabilities) closed the year at $26M, with reported net income of $-431,611 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$26M
Total Assets (End of Year)$26M
Net Assets (End of Year)$26M
Net Income$-431,611
Plan Type401(k)
Employer EIN050400832
Plan Effective Date1988-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (GEM PLUMBING AND HEATING CO., INC.)

Year Plans Participants Total Assets
2022 2 1,055 $28M
2023 2 1,219 $32M
2024 2 1,154 $32M

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Frequently Asked Questions

How much money is in the GEM PLUMBING AND HEATING CO., INC. 401(K) PROFIT SHARING PLAN?
As of the 2024 Form 5500 filing, GEM PLUMBING AND HEATING CO., INC. 401(K) PROFIT SHARING PLAN holds $26M in total assets with 628 participants. It is sponsored by GEM PLUMBING AND HEATING CO., INC..
What type of plan is GEM PLUMBING AND HEATING CO., INC. 401(K) PROFIT SHARING PLAN?
GEM PLUMBING AND HEATING CO., INC. 401(K) PROFIT SHARING PLAN is a 401(k) plan. It has been effective since 1988-01-01. The plan is filed with the U.S. Department of Labor under EIN 050400832.
Who sponsors the GEM PLUMBING AND HEATING CO., INC. 401(K) PROFIT SHARING PLAN?
GEM PLUMBING AND HEATING CO., INC. 401(K) PROFIT SHARING PLAN is sponsored by GEM PLUMBING AND HEATING CO., INC., located in Rhode Island. The sponsor's EIN is 050400832 and the plan operates in the Construction industry.
How did GEM PLUMBING AND HEATING CO., INC. 401(K) PROFIT SHARING PLAN perform in 2024?
GEM PLUMBING AND HEATING CO., INC. 401(K) PROFIT SHARING PLAN declined by 1.7% during 2024, moving from $26M to $26M in total assets. Net income was $-431,611.
Where can I find official filings for GEM PLUMBING AND HEATING CO., INC. 401(K) PROFIT SHARING PLAN?
Official Form 5500 filings for GEM PLUMBING AND HEATING CO., INC. 401(K) PROFIT SHARING PLAN are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 050400832 or plan name at efast.dol.gov.
How does GEM PLUMBING AND HEATING CO., INC. 401(K) PROFIT SHARING PLAN compare to other plans?
You can compare GEM PLUMBING AND HEATING CO., INC. 401(K) PROFIT SHARING PLAN against other 401(k) plans on the plan type page, or view plans in Rhode Island on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

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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 050400832.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from official public datasets. See our methodology for details.