Profit Sharing · DOL Form 5500 · 2022

Bd of Trustees I.B.E.W. Local 1253 Retirement Plan Profit Sharing Plan

Data updated 2026-08-25

$43M
Total assets Below avg plan size
445
Participants Below avg headcount
87th
Percentile by assets National rank
$95,788
Avg per participant Below avg balance/head
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Official DOL plan name: I.B.E.W. Local 1253 Retirement Plan · Sponsored by Bd of Trustees I.B.E.W. Local 1253 Retirement Plan · Maine · Construction

$43M in assets, 445 participants

Bd of Trustees I.B.E.W. Local 1253 Retirement Plan's I.B.E.W. Local 1253 Retirement Plan reported $43M in total assets and 445 participants in its 2022 DOL Form 5500 filing, ranking in the 87th 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.

  • #8,435 in Construction (9,927 peers)

Where I.B.E.W. Local 1253 Retirement Plan sits by assets

I.B.E.W. Local 1253 Retirement Plan sits in the top quartile of all filed plans by assets, $43M for 445 participants (~$95,788/participant), down 16.4% in 2022.

#8,435
in Construction (9,927 peers)
-16.4%
assets change YoY
0.4×
vs typical plan assets (national mean)

The plan reported a net loss of $8M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

I.B.E.W. Local 1253 Retirement Plan's outsized position by total assets

I.B.E.W. Local 1253 Retirement Plan vs every filed plan by assets

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

$42,625,470 Top 13% higher than 87% 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

I.B.E.W. Local 1253 Retirement Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. I.B.E.W. Local 1253 Retirement Plan sits mid-pack in the medium band (445 participants).

Form 5500 schedule snapshot

Filing strip 016045419 · Bd of Trustees I.B.E.W. Local 1253 Retirement Plan PY 2022 · Profit Sharing

I.B.E.W. Local 1253 Retirement Plan · $43M · 445 · 87th

  • 5500 $43M
  • 5500 445
  • 5500 87th
  • 5500 Profit Sharing
  • 5500 near IBEW Local No. 229 Annuity Fund
  • 5500 ind #8435

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 Maine →

I.B.E.W. Local 1253 Retirement Plan in the asset neighbourhood

Pacific Institute for Research and Evaluation Inc. Profit Sharing Plan and TrustPacific Institute for Resear…$43MAcld, Inc. 401(k) Retirement PlanAcld, Inc. 401(k) Retirement…$43MIBEW Local No. 229 Annuity FundIBEW Local No. 229 Annuity F…$43MI.B.E.W. Local 1253 Retirement PlanI.B.E.W. Local 1253 Retireme…$43MSheet Metal Workers Local 44 Annuity FundSheet Metal Workers Local 44…$43M
End-of-year total assets ($M) among I.B.E.W. Local 1253 Retirement Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$51M
Net Assets (End of Year)$43M
Net Income-$8M
Employer EIN016045419
Plan Effective Date1973-10-19
Filing StatusFILING RECEIVED

Sponsor Plan History (Bd of Trustees I.B.E.W. Local 1253 Retirement Plan)

Sponsor-wide plan assets over time

All Bd of Trustees I.B.E.W. Local 1253 Retirement Plan plans reported in each filing year

Latest sponsor-wide plan assets
$55M 28.76210866413907% vs 2022
2024 filing year
$40M$45M$50M$55M$60M 202220232024 $42.6M $54.9M ▲ +28.8%
Year Plans Participants Total Assets
2022 1 445 $43M
2023 1 477 $50M
2024 1 538 $55M

Nearby Profit Sharing Plans in Maine

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

I.B.E.W. Local 1253 Retirement Plan vs. nearby Profit Sharing plans in Maine, assets vs. participants Scatter plot of 6 data points. 02004006008001000 202530354045 Total assets ($M) Participants I.B.E.W. Local 1253 Retirement Plan, Total assets ($M): 42.62547 · Participants: 445I.B.E.W. Local 1253 Retirement PlanPenobscot Community Health Center 403(b) Plan, Total assets ($M): 28.898359 · Participants: 888Penobscot Community Health Center 403(b) PlanMillinocket Regional Hospital Partnership Retirement Plan, Total assets ($M): 25.967546 · Participants: 255Millinocket Regional Hospital Partnership Retirement PlanClark Insurance Profit Sharing Plan and Trust, Total assets ($M): 22.591312 · Participants: 134Clark Insurance Profit Sharing Plan and TrustClark Insurance Profit Sharing Plan and Trust, Total assets ($M): 22.591312 · Participants: 134Clark Insurance Profit Sharing Plan and TrustShaw Brothers Construction Profit Sharing Plan, Total assets ($M): 21.558572 · Participants: 209Shaw Brothers Construction Profit Sharing Plan
I.B.E.W. Local 1253 Retirement Plan vs. nearby Profit Sharing plans in Maine, assets vs. participants
Compare I.B.E.W. Local 1253 Retirement Plan side-by-side with 3 peers →

I.B.E.W. Local 1253 Retirement Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Maine, the nearest Profit Sharing by assets is IBEW Local No. 229 Annuity Fund in VA ($43M); by covered participants it is Amcor Defined Contribution Pension Plan for Hourly Employees in WI (445 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (445 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 I.B.E.W. Local 1253 Retirement Plan assets move in 2022? ▼
I.B.E.W. Local 1253 Retirement Plan declined sharply - down 16.4% during 2022, from $51M to $43M. Reported net income was -$8M.
How have Bd of Trustees I.B.E.W. Local 1253 Retirement Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bd of Trustees I.B.E.W. Local 1253 Retirement Plan's sponsor-wide assets grew 28.8%, from $43M to $55M.
Where does I.B.E.W. Local 1253 Retirement Plan rank by assets among Form 5500 filers? ▼
I.B.E.W. Local 1253 Retirement Plan ranks in the 87th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which Profit Sharing plans are similar in size to I.B.E.W. Local 1253 Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is IBEW Local No. 229 Annuity Fund in VA ($43M, 219 participants).
Which Profit Sharing plans cover a similar participant headcount to I.B.E.W. Local 1253 Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Amcor Defined Contribution Pension Plan for Hourly Employees in WI (445 participants, $17M 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 016045419.

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.