Profit Sharing · DOL Form 5500 · 2024

Board of Trustees - Steamfitters Local 602 Retirement Savings Plan Profit Sharing Plan

Data updated 2026-07-24

$522M
Total assets: 4,949
Participants: 97th
Percentile by assets: $105,471
Avg per participant

Official DOL plan name: Steamfitters Local 602 Retirement Savings Plan Savings Plan · Sponsored by Board of Trustees - Steamfitters Local 602 Retirement Savings Plan · Maryland · Construction

$522M in assets, 4,949 participants

Board of Trustees - Steamfitters Local 602 Retirement Savings Plan's Steamfitters Local 602 Retirement Savings Plan Savings Plan reported $522M in total assets and 4,949 participants in its 2024 DOL Form 5500 filing, ranking in the 97th 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.

97th percentile by assets (of 116,472 plans)

Coverage in Maryland

Steamfitters Local 602 Retirement Savings Plan Savings Plan covers 4,949 participants in Maryland, 5.1x the typical Maryland plan (state average ~971 per filing). Assets: $522M.

$522M
total plan assets (2024 EOY): 4,949
covered participants: 97th
percentile by assets (of 116,472 plans): $105,471
avg assets per participant

Steamfitters Local 602 Retirement Savings Plan Savings Plan end-of-year assets rose from $445M in the plan year 2023 filing to $522M in the plan year 2024 filing.
Steamfitters Local 602 Retirement Savings Plan Savings Plan reported participants fell from 5,155 in the plan year 2023 filing to 4,949 in the plan year 2024 filing.
Steamfitters Local 602 Retirement Savings Plan Savings Plan reported net income fell from $80M in the plan year 2023 filing to $77M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Maryland

Industry

Construction

Participants vs Maryland filers

In Maryland, the average filing covers about 971 participants across 2,307 plans. Steamfitters Local 602 Retirement Savings Plan Savings Plan reports 4,949 participants - 5.1x that state average ($522M EOY assets).

Maryland filing particulars

Total Assets (Beginning of Year)	$445M
Net Assets (End of Year)	$522M
Net Income	$77M
Employer EIN	522187219
Plan Effective Date	1999-08-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees - Steamfitters Local 602 Retirement Savings Plan)

Total plan assets by year, all Board of Trustees - Steamfitters Local 602 Retirement Savings Plan plans on file

Year	Plans	Participants	Total Assets
2022	1	5,177	$365M
2023	1	5,155	$445M
2024	1	4,949	$522M

Nearby Profit Sharing Plans in Maryland

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

Steamfitters Local 602 Retirement Savings Plan Savings Plan vs. nearby Profit Sharing plans in Maryland, assets vs. participants

Sprinkler Industry Supplemental Pension Fund $3.3B · 28,393
Nfl Player Annuity Program $2.0B · 2,745
University of Maryland Medical System 403(b) Retirement Savings Plan $730M · 19,560
Nfl Player Capital Accumulation Plan $707M · 2,693
International Painters and Allied Trades Industry Annuity Plan $644M · 10,721

Compare Steamfitters Local 602 Retirement Saving… side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to Steamfitters Local 602 Retirement Savings Plan Savings Plan by total assets, not by location.

Jefferson University Physicians Retirement Plan (PA) $521M · 3,204
Worthington Steel, Inc. 401(k) Retirement Savings Plan (OH) $523M · 2,500
Kpmg Partner Retirement Savings Plan (NJ) $524M · 1,704
The Savings Plan for Lilly Affiliate Employees in Puerto Rico (PR) $519M · 1,140

Frequently Asked Questions

How did Steamfitters Local 602 Retirement Savings Plan Savings Plan assets move in 2024? ▼

Steamfitters Local 602 Retirement Savings Plan Savings Plan grew sharply - up 17.3% during 2024, from $445M to $522M. Reported net income was $77M.

How have Board of Trustees - Steamfitters Local 602 Retirement Savings Plan plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees - Steamfitters Local 602 Retirement Savings Plan's sponsor-wide assets grew 42.9%, from $365M to $522M.

Where does Steamfitters Local 602 Retirement Savings Plan Savings Plan rank by assets among Form 5500 filers? ▼

Steamfitters Local 602 Retirement Savings Plan Savings Plan ranks in the 97th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).

Which Profit Sharing plans are similar in size to Steamfitters Local 602 Retirement Savings Plan Savings Plan? ▼

Among Profit Sharing plans in other states, the closest by assets is Jefferson University Physicians Retirement Plan in PA ($521M, 3,204 participants).

Next read for Steamfitters Local 602 Retirement Saving…

Filing takeaways

Ways to act on Steamfitters Local 602 Retirement Savings Plan Savings Plan's numbers.

By total assets, Steamfitters Local 602 Retirement Savings Plan Savings Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Profit Sharing plans in Maryland. Compare plans
Board of Trustees - Steamfitters Local 602 Retirement Savings Plan's sponsor-wide assets have grown 42.9% 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 522187219.

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.