Profit Sharing · DOL Form 5500 · 2024
Board of Trustees - Steamfitters Local 602 Retirement Savings Plan Profit Sharing Plan
Data updated 2026-08-25
- $522M
- Total assets Above avg plan size
- 4,949
- Participants Above avg headcount
- 97th
- Percentile by assets National rank
- $105,471
- Avg per participant Below avg balance/head
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.
- #8,768 in Construction (9,039 peers)
Coverage in Maryland
Steamfitters Local 602 Retirement Savings Plan Savings Plan covers 4,949 participants in Maryland, 5.3x the typical Maryland plan (state average ~929 per filing). Assets: $522M.
- #8,768
- in Construction (9,039 peers)
- +17.3%
- assets growth YoY
- 5.2×
- vs typical plan assets (national mean)
Steamfitters Local 602 Retirement Savings Plan Savings Plan's outsized position by total assets
Steamfitters Local 602 Retirement Savings Plan Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$521,975,804 Top 3% higher than 97% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Steamfitters Local 602 Retirement Savings Plan Savings Plan's large-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Steamfitters Local 602 Retirement Savings Plan Savings Plan lands in the large band (4,949 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- 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.
DOL schedule card
Filing strip 522187219 · Board of Trustees - Steamfitters Local 602 Retirement Savings Plan PY 2024 · Profit Sharing
Steamfitters Local 602 Retirement Savings Plan Savings Plan · $522M · 4,949 · 97th
- TYPE $522M
- NET 4,949
- BOOK 97th
- VS-ST Profit Sharing
- BOY near Jefferson University Physicians Retirement Plan
- SCH ind #8768
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 Maryland →
Steamfitters Local 602 Retirement Savings Plan Savings Plan in the asset neighbourhood
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)
Sponsor-wide plan assets over time
All Board of Trustees - Steamfitters Local 602 Retirement Savings Plan plans reported in each filing year
- Latest sponsor-wide plan assets
- $522M 42.87582229292038% vs 2022
- 2024 filing year
| 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.
- 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
Steamfitters Local 602 Retirement Savings Plan Savings Plan's out-of-state Profit Sharing peers by assets and headcount
Outside Maryland, the nearest Profit Sharing by assets is Jefferson University Physicians Retirement Plan in PA ($521M); by covered participants it is Altamed Health Services Corporation 403(b) Plan in CA (4,949 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($522M here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (4,949 participants); asset peers above are excluded.
- Altamed Health Services Corporation 403(b) Plan (CA) 4,949 · 0 off
- Ballad Health 401(a) Plan (TN) 4,963 · 14 off
- International Union of Painters and Allied Trades District Council No. 21 Annuity Fund (PA) 4,931 · 18 off
- The Hospital for Special Surgery 403(b) Plan (NY) 4,968 · 19 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.