Profit Sharing · DOL Form 5500 · 2023

Iconectiv, LLC Profit Sharing Plan

Data updated 2026-08-11

$226M
Total assets
395
Participants
95th
Percentile by assets
$573,401
Avg per participant
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Official DOL plan name: Iconectiv 401(k) Plan · Sponsored by Iconectiv, LLC · New Jersey · Wholesale Trade

$226M in assets, 395 participants

Iconectiv, LLC's Iconectiv 401(k) Plan reported $226M in total assets and 395 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.

  • 95th percentile by assets (of 127,072 plans)
  • #6,086 in Wholesale Trade (6,309 peers)

Coverage in New Jersey

Iconectiv 401(k) Plan covers 395 participants in New Jersey, about 47% of the average New Jersey filer (state average ~844 per filing). Assets: $226M.

$226M
total plan assets (2023 EOY)
395
covered participants
95th
percentile by assets (of 127,072 plans)
$573,401
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Iconectiv 401(k) Plan reported net income rose from -$37M in the plan year 2022 filing to $29M in the plan year 2023 filing.
  • Iconectiv 401(k) Plan end-of-year assets rose from $198M in the plan year 2022 filing to $226M in the plan year 2023 filing.
  • Iconectiv 401(k) Plan reported participants fell from 420 in the plan year 2022 filing to 395 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Industry

Participants vs New Jersey filers

In New Jersey, the average filing covers about 844 participants across 4,145 plans. Iconectiv 401(k) Plan reports 395 participants - about 47% of that state average ($226M EOY assets).

New Jersey filing particulars

Total Assets (Beginning of Year)$198M
Net Assets (End of Year)$226M
Net Income$29M
Employer EIN222478398
Plan Effective Date2013-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Iconectiv, LLC)

$180M$200M$220M$240M$260M 202220232024 $198M $239M ▲ +21.0%
Total plan assets by year, all Iconectiv, LLC plans on file
Year Plans Participants Total Assets
2022 1 420 $198M
2023 1 395 $226M
2024 1 399 $239M

Nearby Profit Sharing Plans in New Jersey

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

Iconectiv 401(k) Plan vs. nearby Profit Sharing plans in New Jersey, assets vs. participants

Iconectiv 401(k) Plan vs. nearby Profit Sharing plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 00.511.522.53 Total assets ($B) Participants Iconectiv 401(k) PlanErnst & Young Partne…Operating Engineers …Heavy & General Labo…IBEW Local Union No …Kpmg Partner Retirem…
Iconectiv 401(k) Plan vs. nearby Profit Sharing plans in New Jersey, assets vs. participants

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to Iconectiv 401(k) Plan by total assets, not by location.

Frequently Asked Questions

How did Iconectiv 401(k) Plan assets move in 2023?
Iconectiv 401(k) Plan grew at a solid clip - up 14.6% during 2023, from $198M to $226M. Reported net income was $29M.
How have Iconectiv, LLC plan assets changed over time?
Across 3 plan years on file (2022-2024), Iconectiv, LLC's sponsor-wide assets grew 21.0%, from $198M to $239M.
Where does Iconectiv 401(k) Plan rank by assets among Form 5500 filers?
Iconectiv 401(k) Plan ranks in the 95th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which Profit Sharing plans are similar in size to Iconectiv 401(k) Plan?
Among Profit Sharing plans in other states, the closest by assets is The Employer Retirement Savings Plan- Premier Health Partners in OH ($228M, 11,923 participants).

Filing takeaways

Ways to act on Iconectiv 401(k) Plan's numbers.