Profit Sharing · DOL Form 5500 · 2022
Board of Trustees, Ibt Local 863 Profit Sharing Plan
Data updated 2026-08-11
- $61M
- Total assets
- 1,934
- Participants
- 90th
- Percentile by assets
- $31,349
- Avg per participant
Official DOL plan name: Local 863 Ibt Retirement Savings Plan · Sponsored by Board of Trustees, Ibt Local 863 · New Jersey · Finance & Insurance
$61M in assets, 1,934 participants
Board of Trustees, Ibt Local 863's Local 863 Ibt Retirement Savings Plan reported $61M in total assets and 1,934 participants in its 2022 DOL Form 5500 filing, ranking in the 90th 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.
- 90th percentile by assets (of 139,126 plans)
- #7,684 in Finance & Insurance (9,261 peers)
Coverage in New Jersey
Local 863 Ibt Retirement Savings Plan covers 1,934 participants in New Jersey, 2.3x the typical New Jersey plan (state average ~844 per filing). Assets: $61M.
- $61M
- total plan assets (2022 EOY)
- 1,934
- covered participants
- 90th
- percentile by assets (of 139,126 plans)
- $31,349
- avg assets per participant
The plan reported a net loss of $9M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs New Jersey filers
In New Jersey, the average filing covers about 844 participants across 4,145 plans. Local 863 Ibt Retirement Savings Plan reports 1,934 participants - 2.3x that state average ($61M EOY assets).
New Jersey filing particulars
| Total Assets (Beginning of Year) | $70M |
|---|---|
| Net Assets (End of Year) | $60M |
| Net Income | -$9M |
| Employer EIN | 208919589 |
| Plan Effective Date | 2006-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees, Ibt Local 863)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,934 | $61M |
| 2023 | 1 | 2,158 | $75M |
| 2024 | 1 | 2,258 | $95M |
Nearby Profit Sharing Plans in New Jersey
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
Local 863 Ibt Retirement Savings Plan vs. nearby Profit Sharing plans in New Jersey, assets vs. participants
- Ernst & Young Partnership Retirement (Hr-10) Plan $2.2B · 2,189
- Princeton University Retirement Plan $1.8B · 8,141
- Operating Engineers Local 825 Profit Sharing Fund $1.3B · 10,006
- Heavy & General Laborers' Local Unions 472 & 172 of Nj Annuity Plan $1.3B · 8,556
- IBEW Local Union No 102 Surety Plan $593M · 3,061
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to Local 863 Ibt Retirement Savings Plan by total assets, not by location.
- United Regional Health Care System 401(a) Retirement Savings Plan (TX) $61M · 2,150
- Sensience Retirement and Savings Plan (OH) $61M · N/A
- Cushing Terrell 401(k) Retirement Plan (MT) $61M · 424
- Baker & Taylor Retirement Savings Plan (NC) $60M · 1,358
Frequently Asked Questions
How did Local 863 Ibt Retirement Savings Plan assets move in 2022? ▼
How have Board of Trustees, Ibt Local 863 plan assets changed over time? ▼
Where does Local 863 Ibt Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Which Profit Sharing plans are similar in size to Local 863 Ibt Retirement Savings Plan? ▼
Next read for Local 863 Ibt Retirement Savings Plan
Filing takeaways
Ways to act on Local 863 Ibt Retirement Savings Plan's numbers.
- By total assets, Local 863 Ibt Retirement Savings Plan ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in New Jersey. Compare plans
- Board of Trustees, Ibt Local 863's sponsor-wide assets have grown 56.1% since 2022 across 3 plan years on file. More Finance & Insurance plans