Other · DOL Form 5500 · 2022

IBEW Local 351 Surety Fund Trustees Retirement Plan

Data updated 2026-08-25

$520M
Total assets Above avg plan size
2,375
Participants Above avg headcount
98th
Percentile by assets National rank
$218,968
Avg per participant Above avg balance/head
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Official DOL plan name: IBEW Local 351 Surety Plan · Sponsored by IBEW Local 351 Surety Fund Trustees · New Jersey · Construction

$520M in assets, 2,375 participants

IBEW Local 351 Surety Fund Trustees's IBEW Local 351 Surety Plan reported $520M in total assets and 2,375 participants in its 2022 DOL Form 5500 filing, ranking in the 98th 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.

  • #9,720 in Construction (9,927 peers)

Coverage in New Jersey

IBEW Local 351 Surety Plan covers 2,375 participants in New Jersey, 2.8x the typical New Jersey plan (state average ~844 per filing). Assets: $520M.

#9,720
in Construction (9,927 peers)
-14.1%
assets change YoY
5.2×
vs typical plan assets (national mean)

The plan reported a net loss of $86M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

IBEW Local 351 Surety Plan's outsized position by total assets

IBEW Local 351 Surety Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$520,047,955 Top 2% higher than 98% of 139,123 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 2022

IBEW Local 351 Surety Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. IBEW Local 351 Surety Plan lands in the large band (2,375 participants).

Published 5500 schedule card

Filing strip 223431479 · IBEW Local 351 Surety Fund Trustees PY 2022 · Other

IBEW Local 351 Surety Plan · $520M · 2,375 · 98th

  • BOOK $520M
  • VS-ST 2,375
  • BOY 98th
  • SCH Other
  • EBSA near Smith College Defined Contribution Retirement Plan
  • PART ind #9720

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 New Jersey →

IBEW Local 351 Surety Plan in the asset neighbourhood

Smith College Defined Contribution Retirement PlanSmith College Defined Contri…$520MIBEW Local 351 Surety Plan$520MSt. Charles Health System Retirement PlanSt. Charles Health System Re…$519MBallad Health 403(b) Plan$517MNebraska Medicine Retirement Plan - Employee ContributionsNebraska Medicine Retirement…$517M
End-of-year total assets ($M) among IBEW Local 351 Surety Plan and nearest nationwide Other peers. Source: DOL Form 5500 plan year 2022.

New Jersey filing particulars

Total Assets (Beginning of Year)$606M
Net Assets (End of Year)$519M
Net Income-$86M
Employer EIN223431479
Plan Effective Date1995-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW Local 351 Surety Fund Trustees)

Sponsor-wide plan assets over time

All IBEW Local 351 Surety Fund Trustees plans reported in each filing year

Latest sponsor-wide plan assets
$677M 30.098411020575977% vs 2022
2024 filing year
$500M$550M$600M$650M$700M 202220232024 $520M $677M ▲ +30.1%
Year Plans Participants Total Assets
2022 1 2,375 $520M
2023 1 2,319 $602M
2024 1 N/A $677M

Nearby Other Plans in New Jersey

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

IBEW Local 351 Surety Plan vs. nearby Other plans in New Jersey, assets vs. participants Scatter plot of 6 data points. 010000200003000040000 00.511.52 Total assets ($B) Participants IBEW Local 351 Surety Plan, Total assets ($B): 0.520047955 · Participants: 2375IBEW Local 351 Surety PlanConsolidated 403(b) Plan of Hackensack Meridian Health, Total assets ($B): 1.561034783 · Participants: 18619Consolidated 403(b) Plan of Hackensack Meridian HealthPrinceton University Retirement Savings Plan, Total assets ($B): 1.313612581 · Participants: 7627Princeton University Retirement Savings PlanRwjbarnabas Health 403(b) Savings Plan, Total assets ($B): 1.156327651 · Participants: 29563Rwjbarnabas Health 403(b) Savings PlanEducational Testing Service 403(b) Retirement Savings Plan, Total assets ($B): 0.821857381 · Participants: 3797Educational Testing Service 403(b) Retirement Savings PlanAtlantic Health System 403(b) Retirement Savings Plan, Total assets ($B): 0.759079123 · Participants: 19041Atlantic Health System 403(b) Retirement Savings Plan
IBEW Local 351 Surety Plan vs. nearby Other plans in New Jersey, assets vs. participants
Compare IBEW Local 351 Surety Plan side-by-side with 3 peers →

IBEW Local 351 Surety Plan's out-of-state Other peers by assets and headcount

Outside New Jersey, the nearest Other by assets is Smith College Defined Contribution Retirement Plan in MA ($520M); by covered participants it is National Church Residences 403(b) Savings Plan in OH (2,371 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($520M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,375 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did IBEW Local 351 Surety Plan assets move in 2022? ▼
IBEW Local 351 Surety Plan pulled back noticeably - down 14.1% during 2022, from $606M to $520M. Reported net income was -$86M.
How have IBEW Local 351 Surety Fund Trustees plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), IBEW Local 351 Surety Fund Trustees's sponsor-wide assets grew 30.1%, from $520M to $677M.
Where does IBEW Local 351 Surety Plan rank by assets among Form 5500 filers? ▼
IBEW Local 351 Surety Plan ranks in the 98th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which Other plans are similar in size to IBEW Local 351 Surety Plan? ▼
Among Other plans in other states, the closest by assets is Smith College Defined Contribution Retirement Plan in MA ($520M, 1,646 participants).
Which Other plans cover a similar participant headcount to IBEW Local 351 Surety Plan? ▼
Among Other plans in other states, the closest by covered participants is National Church Residences 403(b) Savings Plan in OH (2,371 participants, $42M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 223431479.

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.