Profit Sharing · DOL Form 5500 · 2023

Bd of Trustees I.B.E.W. Local 1253 Retirement Plan Profit Sharing Plan

Data updated 2026-08-25

$50M
Total assets Below avg plan size
477
Participants Below avg headcount
86th
Percentile by assets National rank
$105,840
Avg per participant Below avg balance/head
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Official DOL plan name: I.B.E.W. Local 1253 Retirement Plan · Sponsored by Bd of Trustees I.B.E.W. Local 1253 Retirement Plan · Maine · Construction

$50M in assets, 477 participants

Bd of Trustees I.B.E.W. Local 1253 Retirement Plan's I.B.E.W. Local 1253 Retirement Plan reported $50M in total assets and 477 participants in its 2023 DOL Form 5500 filing, ranking in the 86th 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.

  • #7,544 in Construction (9,030 peers)

Where I.B.E.W. Local 1253 Retirement Plan sits by assets

I.B.E.W. Local 1253 Retirement Plan sits in the top quartile of all filed plans by assets, $50M for 477 participants (~$105,840/participant), up 18.4% in 2023.

#7,544
in Construction (9,030 peers)
+18.4%
assets growth YoY
0.5×
vs typical plan assets (national mean)

I.B.E.W. Local 1253 Retirement Plan's outsized position by total assets

I.B.E.W. Local 1253 Retirement Plan vs every filed plan by assets

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

$50,485,571 Top 14% higher than 86% 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

I.B.E.W. Local 1253 Retirement Plan 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. I.B.E.W. Local 1253 Retirement Plan sits mid-pack in the medium band (477 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • I.B.E.W. Local 1253 Retirement Plan reported net income rose from -$8M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • I.B.E.W. Local 1253 Retirement Plan end-of-year assets rose from $43M in the plan year 2022 filing to $50M in the plan year 2023 filing.
  • I.B.E.W. Local 1253 Retirement Plan reported participants rose from 445 in the plan year 2022 filing to 477 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 016045419 · Bd of Trustees I.B.E.W. Local 1253 Retirement Plan PY 2023 · Profit Sharing

I.B.E.W. Local 1253 Retirement Plan · $50M · 477 · 86th

  • PCT $50M
  • PCT 477
  • PCT 86th
  • PCT Profit Sharing
  • PCT near Acld, Inc. 401(k) Retirement Plan
  • PCT ind #7544

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 Maine →

I.B.E.W. Local 1253 Retirement Plan in the asset neighbourhood

Acld, Inc. 401(k) Retirement PlanAcld, Inc. 401(k) Retirement…$50MI.B.E.W. Local 1253 Retirement PlanI.B.E.W. Local 1253 Retireme…$50MWorcester Plumbers and Pipefitters Local Union #4 Annuity PlanWorcester Plumbers and Pipef…$50MAtlantic Anesthesia, Inc. Profit Sharing PlanAtlantic Anesthesia, Inc. Pr…$50MCoopervision Manufacturing Puerto Rico, LLC Savings PlanCoopervision Manufacturing P…$50M
End-of-year total assets ($M) among I.B.E.W. Local 1253 Retirement Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$43M
Net Assets (End of Year)$50M
Net Income$8M
Employer EIN016045419
Plan Effective Date1973-10-19
Filing StatusFILING RECEIVED

Sponsor Plan History (Bd of Trustees I.B.E.W. Local 1253 Retirement Plan)

Sponsor-wide plan assets over time

All Bd of Trustees I.B.E.W. Local 1253 Retirement Plan plans reported in each filing year

Latest sponsor-wide plan assets
$55M 28.76210866413907% vs 2022
2024 filing year
$40M$45M$50M$55M$60M 202220232024 $42.6M $54.9M ▲ +28.8%
Year Plans Participants Total Assets
2022 1 445 $43M
2023 1 477 $50M
2024 1 538 $55M

Nearby Profit Sharing Plans in Maine

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

I.B.E.W. Local 1253 Retirement Plan vs. nearby Profit Sharing plans in Maine, assets vs. participants Scatter plot of 6 data points. 02004006008001000 2030405060 Total assets ($M) Participants I.B.E.W. Local 1253 Retirement Plan, Total assets ($M): 50.485571 · Participants: 477I.B.E.W. Local 1253 Retirement PlanPenobscot Community Health Center 403(b) Plan, Total assets ($M): 35.916028 · Participants: 805Penobscot Community Health Center 403(b) PlanMillinocket Regional Hospital Partnership Retirement Plan, Total assets ($M): 25.032197 · Participants: 181Millinocket Regional Hospital Partnership Retirement PlanMaine Dartmouth Family Medicine Residency 403(b) Plan, Total assets ($M): 24.319011 · Participants: 118Maine Dartmouth Family Medicine Residency 403(b) PlanShaw Brothers Construction Profit Sharing Plan, Total assets ($M): 23.930854 · Participants: 214Shaw Brothers Construction Profit Sharing PlanClark Insurance Profit Sharing Plan and Trust, Total assets ($M): 23.605767 · Participants: 113Clark Insurance Profit Sharing Plan and Trust
I.B.E.W. Local 1253 Retirement Plan vs. nearby Profit Sharing plans in Maine, assets vs. participants
Compare I.B.E.W. Local 1253 Retirement Plan side-by-side with 3 peers →

I.B.E.W. Local 1253 Retirement Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Maine, the nearest Profit Sharing by assets is Acld, Inc. 401(k) Retirement Plan in NY ($50M); by covered participants it is Keysight Technologies, Inc. Deferred Profit-Sharing Plan in CA (477 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (477 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 I.B.E.W. Local 1253 Retirement Plan assets move in 2023? ▼
I.B.E.W. Local 1253 Retirement Plan grew sharply - up 18.4% during 2023, from $43M to $50M. Reported net income was $8M.
How have Bd of Trustees I.B.E.W. Local 1253 Retirement Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bd of Trustees I.B.E.W. Local 1253 Retirement Plan's sponsor-wide assets grew 28.8%, from $43M to $55M.
Where does I.B.E.W. Local 1253 Retirement Plan rank by assets among Form 5500 filers? ▼
I.B.E.W. Local 1253 Retirement Plan ranks in the 86th 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 I.B.E.W. Local 1253 Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Acld, Inc. 401(k) Retirement Plan in NY ($50M, 1,376 participants).
Which Profit Sharing plans cover a similar participant headcount to I.B.E.W. Local 1253 Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Keysight Technologies, Inc. Deferred Profit-Sharing Plan in CA (477 participants, $161M 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 016045419.

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.