Other · DOL Form 5500 · 2023
IBEW Local 351 Surety Fund Trustees Retirement Plan
Data updated 2026-08-25
- $602M
- Total assets Above avg plan size
- 2,319
- Participants Above avg headcount
- 98th
- Percentile by assets National rank
- $259,556
- Avg per participant Above avg balance/head
Official DOL plan name: IBEW Local 351 Surety Plan · Sponsored by IBEW Local 351 Surety Fund Trustees · New Jersey · Construction
$602M in assets, 2,319 participants
IBEW Local 351 Surety Fund Trustees's IBEW Local 351 Surety Plan reported $602M in total assets and 2,319 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.
- #8,823 in Construction (9,030 peers)
Coverage in New Jersey
IBEW Local 351 Surety Plan covers 2,319 participants in New Jersey, 2.7x the typical New Jersey plan (state average ~844 per filing). Assets: $602M.
- #8,823
- in Construction (9,030 peers)
- +15.7%
- assets growth YoY
- 6.0×
- vs typical plan assets (national mean)
IBEW Local 351 Surety Plan's outsized position by total assets
IBEW Local 351 Surety Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$601,909,862 Top 2% higher than 98% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
IBEW Local 351 Surety Plan's large-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. IBEW Local 351 Surety Plan lands in the large band (2,319 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- IBEW Local 351 Surety Plan reported net income rose from -$86M in the plan year 2022 filing to $82M in the plan year 2023 filing.
- IBEW Local 351 Surety Plan end-of-year assets rose from $520M in the plan year 2022 filing to $602M in the plan year 2023 filing.
- IBEW Local 351 Surety Plan reported participants fell from 2,375 in the plan year 2022 filing to 2,319 in the plan year 2023 filing.
DOL schedule card
Filing strip 223431479 · IBEW Local 351 Surety Fund Trustees PY 2023 · Other
IBEW Local 351 Surety Plan · $602M · 2,319 · 98th
- EOY $602M
- EOY 2,319
- EOY 98th
- EOY Other
- EOY near Beacon Retirement Savings 403(b) Plan
- EOY ind #8823
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 351 Surety Plan in the asset neighbourhood
New Jersey filing particulars
| Total Assets (Beginning of Year) | $520M |
|---|---|
| Net Assets (End of Year) | $601M |
| Net Income | $82M |
| Employer EIN | 223431479 |
| Plan Effective Date | 1995-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (IBEW Local 351 Surety Fund Trustees)
Sponsor-wide plan assets over time
All IBEW Local 351 Surety Fund Trustees plans reported in each filing year
- Latest sponsor-wide plan assets
- $677M 30.098411020575977% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 2,375 | $520M |
| 2023 | 1 | 2,319 | $602M |
| 2024 | 1 | N/A | $677M |
Nearby Other Plans in New Jersey
Peer Other plans, same state, same plan type, ranked by total assets.
- Princeton University Retirement Plan $2.1B · 8,456
- Consolidated 403(b) Plan of Hackensack Meridian Health $1.7B · 17,739
- Princeton University Retirement Savings Plan $1.5B · 7,955
- Rwjbarnabas Health 403(b) Savings Plan $1.3B · 28,672
- Atlantic Health System 403(b) Retirement Savings Plan $1.0B · 19,936
IBEW Local 351 Surety Plan's out-of-state Other peers by assets and headcount
Outside New Jersey, the nearest Other by assets is Beacon Retirement Savings 403(b) Plan in IN ($603M); by covered participants it is Brandeis University Defined Contribution Plan for Faculty, Professional, and Administrative Employees in MA (2,317 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($602M here).
- Beacon Retirement Savings 403(b) Plan (IN) $603M · 7,172
- The Arc New York Affiliated Employers 403(b) Plan (NY) $604M · 7,848
- The New School 403(b) Retirement Plan (NY) $606M · 4,337
- Ithaca College 403(b) Retirement Plan (NY) $597M · 1,569
Similar participant headcount
Nearest other-state filings by covered participants (2,319 participants); asset peers above are excluded.
- Brandeis University Defined Contribution Plan for Faculty, Professional, and Administrative Employees (MA) 2,317 · 2 off
- Lake Charles Memorial Health System 403(b) Plan (LA) 2,317 · 2 off
- Hebrew Seniorlife Employee Savings Plan (MA) 2,315 · 4 off
- Greenwich Hospital Tax Deferred Annuity Retirement Plan (CT) 2,314 · 5 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.