Profit Sharing · DOL Form 5500 · 2023
Trustees of the IBEW Local No. 607 Annuity Fund Profit Sharing Plan
Data updated 2026-08-11
- $35M
- Total assets
- 207
- Participants
- 81st
- Percentile by assets
- $170,425
- Avg per participant
Official DOL plan name: IBEW Local No. 607 Annuity Fund · Sponsored by Trustees of the IBEW Local No. 607 Annuity Fund · New Jersey · Construction
$35M in assets, 207 participants
Trustees of the IBEW Local No. 607 Annuity Fund's IBEW Local No. 607 Annuity Fund reported $35M in total assets and 207 participants in its 2023 DOL Form 5500 filing, ranking in the 81st 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.
- 81st percentile by assets (of 127,072 plans)
- #7,204 in Construction (9,030 peers)
Coverage in New Jersey
IBEW Local No. 607 Annuity Fund covers 207 participants in New Jersey, about 25% of the average New Jersey filer (state average ~844 per filing). Assets: $35M.
- $35M
- total plan assets (2023 EOY)
- 207
- covered participants
- 81st
- percentile by assets (of 127,072 plans)
- $170,425
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- IBEW Local No. 607 Annuity Fund reported net income rose from -$6M in the plan year 2022 filing to $5M in the plan year 2023 filing.
- IBEW Local No. 607 Annuity Fund reported participants rose from 152 in the plan year 2022 filing to 207 in the plan year 2023 filing.
- IBEW Local No. 607 Annuity Fund end-of-year assets rose from $30M in the plan year 2022 filing to $35M in the plan year 2023 filing.
Participants vs New Jersey filers
In New Jersey, the average filing covers about 844 participants across 4,145 plans. IBEW Local No. 607 Annuity Fund reports 207 participants - about 25% of that state average ($35M EOY assets).
New Jersey filing particulars
| Total Assets (Beginning of Year) | $30M |
|---|---|
| Net Assets (End of Year) | $35M |
| Net Income | $5M |
| Employer EIN | 232339624 |
| Plan Effective Date | 1985-03-08 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Trustees of the IBEW Local No. 607 Annuity Fund)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 152 | $30M |
| 2023 | 1 | 207 | $35M |
| 2024 | 1 | 169 | $40M |
Nearby Profit Sharing Plans in New Jersey
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
IBEW Local No. 607 Annuity Fund vs. nearby Profit Sharing plans in New Jersey, assets vs. participants
- Ernst & Young Partnership Retirement (Hr-10) Plan $2.5B · 1,843
- Operating Engineers Local 825 Profit Sharing Fund $1.4B · 10,336
- Heavy & General Laborers' Local Unions 472 & 172 of Nj Annuity Plan $1.4B · 8,602
- IBEW Local Union No 102 Surety Plan $637M · 2,283
- Kpmg Partner Retirement Savings Plan $529M · 1,895
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to IBEW Local No. 607 Annuity Fund by total assets, not by location.
- First National Bank of Pulaski Profit Sharing Plan (TN) $35M · 147
- Hirevue Retirement Trust (UT) $35M · 330
- Nicholas Co., Inc. Employees Profit Sharing Plan and Trust (WI) $35M · 19
- Sheet Metal, Air, Rail, & Transportation Association Local Union No. 33 Youngstown District Annuity Plan (OH) $35M · 513
Frequently Asked Questions
How did IBEW Local No. 607 Annuity Fund assets move in 2023? ▼
How have Trustees of the IBEW Local No. 607 Annuity Fund plan assets changed over time? ▼
Where does IBEW Local No. 607 Annuity Fund rank by assets among Form 5500 filers? ▼
Which Profit Sharing plans are similar in size to IBEW Local No. 607 Annuity Fund? ▼
Next read for IBEW Local No. 607 Annuity Fund
Filing takeaways
Ways to act on IBEW Local No. 607 Annuity Fund's numbers.
- By total assets, IBEW Local No. 607 Annuity Fund ranks in the top quartile 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
- Trustees of the IBEW Local No. 607 Annuity Fund's sponsor-wide assets have grown 34.1% since 2022 across 3 plan years on file. More Construction plans