Other · DOL Form 5500 · 2023
IBEW Local 351 Surety Fund Trustees Retirement Plan
Data updated 2026-08-11
- $602M
- Total assets
- 2,319
- Participants
- 98th
- Percentile by assets
- $259,556
- Avg per participant
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.
- 98th percentile by assets (of 127,072 plans)
- #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.
- $602M
- total plan assets (2023 EOY)
- 2,319
- covered participants
- 98th
- percentile by assets (of 127,072 plans)
- $259,556
- avg assets per participant
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.
Participants vs New Jersey filers
In New Jersey, the average filing covers about 844 participants across 4,145 plans. IBEW Local 351 Surety Plan reports 2,319 participants - 2.7x that state average ($602M EOY assets).
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)
| 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.
IBEW Local 351 Surety Plan vs. nearby Other plans in New Jersey, assets vs. participants
- 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
Similar-Sized Other Plans Nationally
Other plans in other states closest to IBEW Local 351 Surety Plan by total assets, not by location.
- 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
Frequently Asked Questions
How did IBEW Local 351 Surety Plan assets move in 2023? ▼
How have IBEW Local 351 Surety Fund Trustees plan assets changed over time? ▼
Where does IBEW Local 351 Surety Plan rank by assets among Form 5500 filers? ▼
Which Other plans are similar in size to IBEW Local 351 Surety Plan? ▼
Next read for IBEW Local 351 Surety Plan
Filing takeaways
Ways to act on IBEW Local 351 Surety Plan's numbers.
- By total assets, IBEW Local 351 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 Other plans in New Jersey. Compare plans
- IBEW Local 351 Surety Fund Trustees's sponsor-wide assets have grown 30.1% since 2022 across 3 plan years on file. More Construction plans