Profit Sharing · DOL Form 5500 · 2023
IBEW Local Union No 102 Surety Plan Board of Trustees Profit Sharing Plan
Data updated 2026-08-06
- $637M
- Total assets
- 2,283
- Participants
- 98th
- Percentile by assets
- $279,201
- Avg per participant
Official DOL plan name: IBEW Local Union No 102 Surety Plan · Sponsored by IBEW Local Union No 102 Surety Plan Board of Trustees · New Jersey · Construction
$637M in assets, 2,283 participants
IBEW Local Union No 102 Surety Plan Board of Trustees's IBEW Local Union No 102 Surety Plan reported $637M in total assets and 2,283 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.
- 98th percentile by assets (of 126,618 plans)
- #8,798 in Construction (8,993 peers)
Coverage in New Jersey
IBEW Local Union No 102 Surety Plan covers 2,283 participants in New Jersey, 2.6x the typical New Jersey plan (state average ~865 per filing). Assets: $637M.
- $637M
- total plan assets (2023 EOY)
- 2,283
- covered participants
- 98th
- percentile by assets (of 126,618 plans)
- $279,201
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- IBEW Local Union No 102 Surety Plan reported net income rose from -$31M in the plan year 2022 filing to $45M in the plan year 2023 filing.
- IBEW Local Union No 102 Surety Plan reported participants fell from 3,061 in the plan year 2022 filing to 2,283 in the plan year 2023 filing.
- IBEW Local Union No 102 Surety Plan end-of-year assets rose from $593M in the plan year 2022 filing to $637M in the plan year 2023 filing.
Participants vs New Jersey filers
In New Jersey, the average filing covers about 865 participants across 3,927 plans. IBEW Local Union No 102 Surety Plan reports 2,283 participants - 2.6x that state average ($637M EOY assets).
New Jersey filing particulars
| Total Assets (Beginning of Year) | $593M |
|---|---|
| Net Assets (End of Year) | $637M |
| Net Income | $45M |
| Employer EIN | 222347484 |
| Plan Effective Date | 1981-06-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (IBEW Local Union No 102 Surety Plan Board of Trustees)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 3,061 | $593M |
| 2023 | 1 | 2,283 | $637M |
| 2024 | 1 | 2,382 | $685M |
Nearby Profit Sharing Plans in New Jersey
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
IBEW Local Union No 102 Surety Plan 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
- Kpmg Partner Retirement Savings Plan $529M · 1,895
- Cooper Health System, Inc. Defined Contribution Retirement Plan $304M · 6,491
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to IBEW Local Union No 102 Surety Plan by total assets, not by location.
- Midwest Operating Engineers Retirement Enhancement (IL) $637M · 16,067
- Steamfitters' Industry Supplemental Retirement Fund (NY) $636M · 3,691
- International Painters and Allied Trades Industry Annuity Plan (MD) $622M · 10,625
- Sheet Metal Workers Local 17 Annuity Income Fund (MA) $617M · 2,868
Frequently Asked Questions
How did IBEW Local Union No 102 Surety Plan assets move in 2023? ▼
How have IBEW Local Union No 102 Surety Plan Board of Trustees plan assets changed over time? ▼
Where does IBEW Local Union No 102 Surety Plan rank by assets among Form 5500 filers? ▼
Which Profit Sharing plans are similar in size to IBEW Local Union No 102 Surety Plan? ▼
Next read for IBEW Local Union No 102 Surety Plan
Filing takeaways
Ways to act on IBEW Local Union No 102 Surety Plan's numbers.
- By total assets, IBEW Local Union No 102 Surety Plan ranks in the top 5% 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
- IBEW Local Union No 102 Surety Plan Board of Trustees's sponsor-wide assets have grown 15.5% since 2022 across 3 plan years on file. More Construction plans