IBEW Local 351 Surety Fund Trustees Retirement Plan

Other · DOL Form 5500 · 2022

What the Filing Says About IBEW Local 351 Surety Plan

IBEW Local 351 Surety Plan is an Other retirement plan sponsored by IBEW Local 351 Surety Fund Trustees, headquartered in New Jersey. According to the U.S. Department of Labor's 2022 Form 5500 filing, the plan reports $520M in total end-of-year assets and covers 2,375 participants across the Construction industry. The sponsor's EIN on file with the U.S. Department of Labor is 223431479, and the plan has been effective since 1995-10-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets pulled back noticeably from $606M at the beginning of 2022 to $520M at year-end - down 14.1%. Net assets (after liabilities) closed the year at $519M, with reported net income of -$86M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Across the 3 plan years IBEW Local 351 Surety Fund Trustees has on file with PlainRetire (2022-2024), sponsor-wide plan assets have moved from $520M to $677M, a gain of 30.1%. The strongest year on file by total sponsor assets was 2024 at $677M; the softest was 2022 at $520M. Year-by-year, sponsor-wide filings show: 2022 - $520M in assets across 1 plan covering 2,375 participants; 2023 - $602M in assets across 1 plan covering 2,319 participants; 2024 - $677M in assets across 1 plan covering N/A participants.

By assets, IBEW Local 351 Surety Plan outranks 98% of the 139,258 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 5.2x the national average plan size of $100M and 730 average participants.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows, a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

How the percentile is calculated: we count every plan that filed a 2022 Form 5500 with a reported end-of-year asset figure (139,258 plans), rank IBEW Local 351 Surety Plan against all of them by total assets, and report the share of those plans it outranks. A plan reporting no asset figure for the year is excluded from the ranking rather than assumed to be zero.