Sprinkler Fitters and Apprentices Local Union No. 550Profit-sharing plan
LOCAL 550 ANNUITY PLAN · BOSTON, MA · plan year 2024
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Sprinkler Fitters and Apprentices Local Union No. 550 reported $315,462 in plan administrative expenses for 2024: 0.20% of average plan assets, above the peer median. Employer contributions averaged $17,743 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 fell from 0.25% to 0.20%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 299th-largest of 2,726 plans among Massachusetts employers on file, and the 99th of 3,341 in other services.
Sprinkler Fitters and Apprentices Local Union No. 550's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top quarter of its peers. 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 041859910 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.