Profit Sharing · DOL Form 5500 · 2022

Board of Trustees of IBEW Local 688 Retirement Fund Profit Sharing Plan

Data updated 2026-08-25

$15M
Total assets Small plan by assets
188
Participants Below avg headcount
72nd
Percentile by assets National rank
$77,532
Avg per participant Below avg balance/head
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Official DOL plan name: IBEW Local 688 Retirement Fund · Sponsored by Board of Trustees of IBEW Local 688 Retirement Fund · Ohio · Construction

$15M in assets, 188 participants

Board of Trustees of IBEW Local 688 Retirement Fund's IBEW Local 688 Retirement Fund reported $15M in total assets and 188 participants in its 2022 DOL Form 5500 filing, ranking in the 72nd 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.

  • #7,120 in Construction (9,927 peers)

Coverage in Ohio

IBEW Local 688 Retirement Fund covers 188 participants in Ohio, about 25% of the average Ohio filer (state average ~765 per filing). Assets: $15M.

#7,120
in Construction (9,927 peers)
+3.8%
assets growth YoY

IBEW Local 688 Retirement Fund's outsized position by total assets

IBEW Local 688 Retirement Fund vs every filed plan by assets

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

$14,576,076 Top 28% higher than 72% 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 688 Retirement Fund 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. IBEW Local 688 Retirement Fund sits mid-pack in the medium band (188 participants).

Plan-year Form 5500 strip

Filing strip 341536966 · Board of Trustees of IBEW Local 688 Retirement Fund PY 2022 · Profit Sharing

IBEW Local 688 Retirement Fund · $15M · 188 · 72nd

  • PHOTO $15M
  • IND 188
  • EOY 72nd
  • 5500 Profit Sharing
  • ASSETS near Ravenswood Family Health Center 403(b) Plan
  • PCT ind #7120

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 Ohio →

IBEW Local 688 Retirement Fund in the asset neighbourhood

IBEW Local 688 Retirement FundIBEW Local 688 Retirement Fu…$15MRavenswood Family Health Center 403(b) PlanRavenswood Family Health Cen…$15MSafe Horizon 401(a) Retirement Savings PlanSafe Horizon 401(a) Retireme…$15MSanta Fe Preparatory School DC Retirement PlanSanta Fe Preparatory School …$15MMatrix Partners Management Services, L. P. Profit Sharing PlanMatrix Partners Management S…$15M
End-of-year total assets ($M) among IBEW Local 688 Retirement Fund and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2022.

Ohio filing particulars

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$15M
Net Income$521K
Employer EIN341536966
Plan Effective Date1985-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees of IBEW Local 688 Retirement Fund)

Sponsor-wide plan assets over time

All Board of Trustees of IBEW Local 688 Retirement Fund plans reported in each filing year

Latest sponsor-wide plan assets
$19M 28.728225621216573% vs 2022
2024 filing year
$14M$16M$18M$20M 202220232024 $14.6M $18.8M ▲ +28.7%
Year Plans Participants Total Assets
2022 1 188 $15M
2023 1 183 $17M
2024 1 192 $19M

Nearby Profit Sharing Plans in Ohio

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

IBEW Local 688 Retirement Fund vs. nearby Profit Sharing plans in Ohio, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -0.500.511.5 Total assets ($B) Participants IBEW Local 688 Retirement Fund, Total assets ($B): 0.014576076 · Participants: 188IBEW Local 688 Retirement FundCleveland Clinic Investment Pension Plan, Total assets ($B): 1.188747256 · Participants: 46417Cleveland Clinic Investment Pension PlanThe Employer Retirement Savings Plan- Premier Health Partners, Total assets ($B): 0.201665954 · Participants: 11973The Employer Retirement Savings Plan- Premier Health PartnersWhite Castle Profit Sharing Plan, Total assets ($B): 0.172160423 · Participants: 4241White Castle Profit Sharing PlanHolzer Health System 401a Profit Sharing Plan, Total assets ($B): 0.165638748 · Participants: 1876Holzer Health System 401a Profit Sharing PlanSouthern Ohio Medical Center Retirement Savings Program, Total assets ($B): 0.13554467 · Participants: 3162Southern Ohio Medical Center Retirement Savings Program
IBEW Local 688 Retirement Fund vs. nearby Profit Sharing plans in Ohio, assets vs. participants
Compare IBEW Local 688 Retirement Fund side-by-side with 3 peers →

IBEW Local 688 Retirement Fund's out-of-state Profit Sharing peers by assets and headcount

Outside Ohio, the nearest Profit Sharing by assets is Ravenswood Family Health Center 403(b) Plan in CA ($15M); by covered participants it is Utah Military Academy 403(b) Plan in UT (188 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (188 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 688 Retirement Fund assets move in 2022? ▼
IBEW Local 688 Retirement Fund edged up modestly - up 3.8% during 2022, from $14M to $15M. Reported net income was $521K.
How have Board of Trustees of IBEW Local 688 Retirement Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees of IBEW Local 688 Retirement Fund's sponsor-wide assets grew 28.7%, from $15M to $19M.
Which Profit Sharing plans are similar in size to IBEW Local 688 Retirement Fund? ▼
Among Profit Sharing plans in other states, the closest by assets is Ravenswood Family Health Center 403(b) Plan in CA ($15M, 302 participants).
Which Profit Sharing plans cover a similar participant headcount to IBEW Local 688 Retirement Fund? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Utah Military Academy 403(b) Plan in UT (188 participants, $1M 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 341536966.

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.