Board of Trustees - Steamfitters Local 602 Retirement Savings PlanProfit-sharing plan
STEAMFITTERS LOCAL 602 RETIREMENT SAVINGS PLAN SAVINGS PLAN · CAPITOL HEIGHTS, MD · plan year 2024
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Board of Trustees - Steamfitters Local 602 Retirement Savings Plan reported $351,348 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $5,562 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 2 years on file its reported administrative ratio rose from 0.05% to 0.07%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other construction employers. By assets it is the 38th-largest of 1,671 plans among Maryland employers on file, and the 136th of 5,337 in construction. active participation has grown from 5,155 to 5,806 since 2022.
Board of Trustees - Steamfitters Local 602 Retirement Savings Plan's 2024 employer contribution ran above the $4,294 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 522187219 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.