Profit Sharing · DOL Form 5500 · 2024

Trustees of Operating Engineers Local #49 Defined Contribution Plan Profit Sharing Plan

Data updated 2026-07-24

$71M
Total assets: 11,456
Participants: 88th
Percentile by assets: $6,206
Avg per participant

Official DOL plan name: Operating Engineers Local #49 Defined Contribution Plan · Sponsored by Trustees of Operating Engineers Local #49 Defined Contribution Plan · Minnesota · Construction

$71M in assets, 11,456 participants

Trustees of Operating Engineers Local #49 Defined Contribution Plan's Operating Engineers Local #49 Defined Contribution Plan reported $71M in total assets and 11,456 participants in its 2024 DOL Form 5500 filing, ranking in the 88th 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.

88th percentile by assets (of 116,472 plans)

Coverage in Minnesota

Operating Engineers Local #49 Defined Contribution Plan covers 11,456 participants in Minnesota, 9.9x the typical Minnesota plan (state average ~1,161 per filing). Assets: $71M.

$71M
total plan assets (2024 EOY): 11,456
covered participants: 88th
percentile by assets (of 116,472 plans): $6,206
avg assets per participant

Operating Engineers Local #49 Defined Contribution Plan end-of-year assets rose from $41M in the plan year 2023 filing to $71M in the plan year 2024 filing.
Operating Engineers Local #49 Defined Contribution Plan reported net income rose from $23M in the plan year 2023 filing to $30M in the plan year 2024 filing.
Operating Engineers Local #49 Defined Contribution Plan reported participants rose from 10,446 in the plan year 2023 filing to 11,456 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Minnesota

Industry

Construction

Participants vs Minnesota filers

In Minnesota, the average filing covers about 1,161 participants across 2,725 plans. Operating Engineers Local #49 Defined Contribution Plan reports 11,456 participants - 9.9x that state average ($71M EOY assets).

Minnesota filing particulars

Total Assets (Beginning of Year)	$41M
Net Assets (End of Year)	$71M
Net Income	$30M
Employer EIN	845030668
Plan Effective Date	2020-05-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Trustees of Operating Engineers Local #49 Defined Contribution Plan)

Total plan assets by year, all Trustees of Operating Engineers Local #49 Defined Contribution Plan plans on file

Year	Plans	Participants	Total Assets
2022	1	8,293	$18M
2023	1	10,446	$41M
2024	1	11,456	$71M

Nearby Profit Sharing Plans in Minnesota

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

Operating Engineers Local #49 Defined Contribution Plan vs. nearby Profit Sharing plans in Minnesota, assets vs. participants

Pipe Trades Services Mn Pension Supplement Fund $1.8B · 6,017
Allina 403(b) Retirement Savings Plan $902M · 8,757
Fairview Health Services Pension Plan $644M · 4,702
Cargill Employee Retirement Account Plan $613M · 20,683
Regions Hospital Retirement Savings 401(k) Plan $602M · 6,323

Compare Operating Engineers Local #49 Defined Co… side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to Operating Engineers Local #49 Defined Contribution Plan by total assets, not by location.

The Andrew W. Mellon Foundation Retirement Plan (NY) $71M · 176
David and Lucile Packard Foundation Employer Contribution Retirement Plan (CA) $71M · 156
Iec Retirement Plan (MA) $71M · 103
IBEW Local No. 143 Annuity Plan (PA) $71M · 362

Frequently Asked Questions

How did Operating Engineers Local #49 Defined Contribution Plan assets move in 2024? ▼

Operating Engineers Local #49 Defined Contribution Plan surged - up 75.0% during 2024, from $41M to $71M. Reported net income was $30M.

How have Trustees of Operating Engineers Local #49 Defined Contribution Plan plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Trustees of Operating Engineers Local #49 Defined Contribution Plan's sponsor-wide assets grew 296.9%, from $18M to $71M.

Where does Operating Engineers Local #49 Defined Contribution Plan rank by assets among Form 5500 filers? ▼

Operating Engineers Local #49 Defined Contribution Plan ranks in the 88th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).

Which Profit Sharing plans are similar in size to Operating Engineers Local #49 Defined Contribution Plan? ▼

Among Profit Sharing plans in other states, the closest by assets is The Andrew W. Mellon Foundation Retirement Plan in NY ($71M, 176 participants).

Next read for Operating Engineers Local #49 Defined Co…

Filing takeaways

Ways to act on Operating Engineers Local #49 Defined Contribution Plan's numbers.

By total assets, Operating Engineers Local #49 Defined Contribution Plan ranks in the top quartile of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Profit Sharing plans in Minnesota. Compare plans
Trustees of Operating Engineers Local #49 Defined Contribution Plan's sponsor-wide assets have grown 296.9% since 2022 across 3 plan years on file. More Construction plans

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 845030668.

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.