Profit Sharing · DOL Form 5500 · 2024

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

Data updated 2026-08-25

$71M
Total assets Below avg plan size
11,456
Participants Very large workforce
88th
Percentile by assets National rank
$6,206
Avg per participant Low balance/head
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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.

  • #7,756 in Construction (9,039 peers)

Coverage in Minnesota

Operating Engineers Local #49 Defined Contribution Plan covers 11,456 participants in Minnesota, 10x the typical Minnesota plan (state average ~1,126 per filing). Assets: $71M.

#7,756
in Construction (9,039 peers)
+75.0%
assets growth YoY
0.7×
vs typical plan assets (national mean)

Operating Engineers Local #49 Defined Contribution Plan's outsized position by total assets

Operating Engineers Local #49 Defined Contribution Plan vs every filed plan by assets

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

$71,099,857 Top 12% higher than 88% 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

Operating Engineers Local #49 Defined Contribution Plan's mega-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Operating Engineers Local #49 Defined Contribution Plan is a mega filing (11,456 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • 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 →

Plan-year Form 5500 strip

Filing strip 845030668 · Trustees of Operating Engineers Local #49 Defined Contribution Plan PY 2024 · Profit Sharing

Operating Engineers Local #49 Defined Contribution Plan · $71M · 11,456 · 88th

  • SCH $71M
  • EBSA 11,456
  • PART 88th
  • TYPE Profit Sharing
  • NET near The Andrew W. Mellon Foundation Retirement Plan
  • BOOK ind #7756

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 Minnesota →

Operating Engineers Local #49 Defined Contribution Plan in the asset neighbourhood

Iec Retirement Plan$71MThe Andrew W. Mellon Foundation Retirement PlanThe Andrew W. Mellon Foundat…$71MOperating Engineers Local #49 Defined Contribution PlanOperating Engineers Local #4…$71MDavid and Lucile Packard Foundation Employer Contribution Retirement PlanDavid and Lucile Packard Fou…$71MIBEW Local No. 143 Annuity PlanIBEW Local No. 143 Annuity P…$71M
End-of-year total assets ($M) among Operating Engineers Local #49 Defined Contribution Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$41M
Net Assets (End of Year)$71M
Net Income$30M
Employer EIN845030668
Plan Effective Date2020-05-01
Filing StatusFILING RECEIVED

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

Sponsor-wide plan assets over time

All Trustees of Operating Engineers Local #49 Defined Contribution Plan plans reported in each filing year

Latest sponsor-wide plan assets
$71M 296.89920615533293% vs 2022
2024 filing year
$0M$20M$40M$60M$80M 202220232024 $17.9M $71.1M ▲ +297.0%
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 Scatter plot of 6 data points. 0500010000150002000025000 -0.500.511.52 Total assets ($B) Participants Operating Engineers Local #49 Defined Contribution Plan, Total assets ($B): 0.071099857 · Participants: 11456Operating Engineers Local #49 Defined Contribution PlanPipe Trades Services Mn Pension Supplement Fund, Total assets ($B): 1.820221913 · Participants: 6017Pipe Trades Services Mn Pension Supplement FundAllina 403(b) Retirement Savings Plan, Total assets ($B): 0.902491999 · Participants: 8757Allina 403(b) Retirement Savings PlanFairview Health Services Pension Plan, Total assets ($B): 0.64405166 · Participants: 4702Fairview Health Services Pension PlanCargill Employee Retirement Account Plan, Total assets ($B): 0.612718536 · Participants: 20683Cargill Employee Retirement Account PlanRegions Hospital Retirement Savings 401(k) Plan, Total assets ($B): 0.601951844 · Participants: 6323Regions Hospital Retirement Savings 401(k) Plan
Operating Engineers Local #49 Defined Contribution Plan vs. nearby Profit Sharing plans in Minnesota, assets vs. participants
Compare Operating Engineers Local #49 Defined Contribution Plan side-by-side with 3 peers →

Scale composition for Operating Engineers Local #49 Defined Contribution Plan

Operating Engineers Local #49 Defined Contribution Plan reports $71M in end-of-year assets across 11,456 participants (0.001% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.012% of 93,925,755 covered participants) - about $6,206 per participant (4% of the national average assets-per-participant) . Net income for plan year 2024 was $30M.

This plan identity (EIN 845030668, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $18M to $71M (+296.9%) while covered participants moved from 8,293 to 11,456 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 8,293 $18M Open filing
2023 10,446 $41M Open filing
2024 · index core 11,456 $71M This page

Operating Engineers Local #49 Defined Contribution Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Minnesota, the nearest Profit Sharing by assets is The Andrew W. Mellon Foundation Retirement Plan in NY ($71M); by covered participants it is Ohio Laborers Annuity Fund in OH (11,222 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (11,456 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 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 123,622 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).
Which Profit Sharing plans cover a similar participant headcount to Operating Engineers Local #49 Defined Contribution Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Ohio Laborers Annuity Fund in OH (11,222 participants, $36M 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 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.