Profit Sharing · DOL Form 5500 · 2023

Trustees of the IBEW Local No. 607 Annuity Fund Profit Sharing Plan

Data updated 2026-08-25

$35M
Total assets Below avg plan size
207
Participants Below avg headcount
81st
Percentile by assets National rank
$170,425
Avg per participant Above avg balance/head
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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.

  • #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.

#7,204
in Construction (9,030 peers)
+18.0%
assets growth YoY
0.4×
vs typical plan assets (national mean)

IBEW Local No. 607 Annuity Fund's outsized position by total assets

IBEW Local No. 607 Annuity Fund vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$35,277,951 Top 19% higher than 81% of 127,068 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 2023

IBEW Local No. 607 Annuity Fund among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. IBEW Local No. 607 Annuity Fund sits mid-pack in the medium band (207 participants).

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.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 232339624 · Trustees of the IBEW Local No. 607 Annuity Fund PY 2023 · Profit Sharing

IBEW Local No. 607 Annuity Fund · $35M · 207 · 81st

  • 5500 $35M
  • 5500 207
  • 5500 81st
  • 5500 Profit Sharing
  • 5500 near First National Bank of Pulaski Profit Sharing Plan
  • 5500 ind #7204

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 New Jersey →

IBEW Local No. 607 Annuity Fund in the asset neighbourhood

Sheet Metal, Air, Rail, & Transportation Association Local Union No. 33 Youngstown District Annuity PlanSheet Metal, Air, Rail, & Tr…$35MNicholas Co., Inc. Employees Profit Sharing Plan and TrustNicholas Co., Inc. Employees…$35MHirevue Retirement Trust$35MIBEW Local No. 607 Annuity FundIBEW Local No. 607 Annuity F…$35MFirst National Bank of Pulaski Profit Sharing PlanFirst National Bank of Pulas…$35M
End-of-year total assets ($M) among IBEW Local No. 607 Annuity Fund and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

New Jersey filing particulars

Total Assets (Beginning of Year)$30M
Net Assets (End of Year)$35M
Net Income$5M
Employer EIN232339624
Plan Effective Date1985-03-08
Filing StatusFILING RECEIVED

Sponsor Plan History (Trustees of the IBEW Local No. 607 Annuity Fund)

Sponsor-wide plan assets over time

All Trustees of the IBEW Local No. 607 Annuity Fund plans reported in each filing year

Latest sponsor-wide plan assets
$40M 34.12703301274624% vs 2022
2024 filing year
$25M$30M$35M$40M$45M 202220232024 $29.9M $40.1M ▲ +34.1%
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 Scatter plot of 6 data points. -5000050001000015000 -10123 Total assets ($B) Participants IBEW Local No. 607 Annuity Fund, Total assets ($B): 0.035277951 · Participants: 207IBEW Local No. 607 Annuity FundErnst & Young Partnership Retirement (Hr-10) Plan, Total assets ($B): 2.4875433 · Participants: 1843Ernst & Young Partnership Retirement (Hr-10) PlanOperating Engineers Local 825 Profit Sharing Fund, Total assets ($B): 1.438796802 · Participants: 10336Operating Engineers Local 825 Profit Sharing FundHeavy & General Laborers' Local Unions 472 & 172 of Nj Annuity Plan, Total assets ($B): 1.401252704 · Participants: 8602Heavy & General Laborers' Local Unions 472 & 172 of Nj Annuity PlanIBEW Local Union No 102 Surety Plan, Total assets ($B): 0.637415895 · Participants: 2283IBEW Local Union No 102 Surety PlanKpmg Partner Retirement Savings Plan, Total assets ($B): 0.529416194 · Participants: 1895Kpmg Partner Retirement Savings Plan
IBEW Local No. 607 Annuity Fund vs. nearby Profit Sharing plans in New Jersey, assets vs. participants
Compare IBEW Local No. 607 Annuity Fund side-by-side with 3 peers →

IBEW Local No. 607 Annuity Fund's out-of-state Profit Sharing peers by assets and headcount

Outside New Jersey, the nearest Profit Sharing by assets is First National Bank of Pulaski Profit Sharing Plan in TN ($35M); by covered participants it is Cooperativa De Seguros De Vida De Puerto Rico 1081.01d Salary Deferral Retirement Plan in PR (207 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (207 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did IBEW Local No. 607 Annuity Fund assets move in 2023? ▼
IBEW Local No. 607 Annuity Fund grew sharply - up 18.0% during 2023, from $30M to $35M. Reported net income was $5M.
How have Trustees of the IBEW Local No. 607 Annuity Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Trustees of the IBEW Local No. 607 Annuity Fund's sponsor-wide assets grew 34.1%, from $30M to $40M.
Where does IBEW Local No. 607 Annuity Fund rank by assets among Form 5500 filers? ▼
IBEW Local No. 607 Annuity Fund ranks in the 81st percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which Profit Sharing plans are similar in size to IBEW Local No. 607 Annuity Fund? ▼
Among Profit Sharing plans in other states, the closest by assets is First National Bank of Pulaski Profit Sharing Plan in TN ($35M, 147 participants).
Which Profit Sharing plans cover a similar participant headcount to IBEW Local No. 607 Annuity Fund? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Cooperativa De Seguros De Vida De Puerto Rico 1081.01d Salary Deferral Retirement Plan in PR (207 participants, $7M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 232339624.

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.