Profit Sharing · DOL Form 5500 · 2023
Board of Trustees, Ibt Local 863 Profit Sharing Plan
Data updated 2026-08-25
- $75M
- Total assets Below avg plan size
- 2,158
- Participants Near avg headcount
- 89th
- Percentile by assets National rank
- $34,924
- Avg per participant Low balance/head
Official DOL plan name: Local 863 Ibt Retirement Savings Plan · Sponsored by Board of Trustees, Ibt Local 863 · New Jersey · Finance & Insurance
$75M in assets, 2,158 participants
Board of Trustees, Ibt Local 863's Local 863 Ibt Retirement Savings Plan reported $75M in total assets and 2,158 participants in its 2023 DOL Form 5500 filing, ranking in the 89th 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.
- #7,387 in Finance & Insurance (8,869 peers)
Coverage in New Jersey
Local 863 Ibt Retirement Savings Plan covers 2,158 participants in New Jersey, 2.6x the typical New Jersey plan (state average ~844 per filing). Assets: $75M.
- #7,387
- in Finance & Insurance (8,869 peers)
- +24.3%
- assets growth YoY
- 0.8×
- vs typical plan assets (national mean)
Local 863 Ibt Retirement Savings Plan's outsized position by total assets
Local 863 Ibt Retirement Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$75,365,835 Top 11% higher than 89% 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
Local 863 Ibt Retirement Savings 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. Local 863 Ibt Retirement Savings Plan lands in the large band (2,158 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Local 863 Ibt Retirement Savings Plan reported net income rose from -$9M in the plan year 2022 filing to $15M in the plan year 2023 filing.
- Local 863 Ibt Retirement Savings Plan end-of-year assets rose from $61M in the plan year 2022 filing to $75M in the plan year 2023 filing.
- Local 863 Ibt Retirement Savings Plan reported participants rose from 1,934 in the plan year 2022 filing to 2,158 in the plan year 2023 filing.
Form 5500 schedule snapshot
Filing strip 208919589 · Board of Trustees, Ibt Local 863 PY 2023 · Profit Sharing
Local 863 Ibt Retirement Savings Plan · $75M · 2,158 · 89th
- RANK $75M
- PHOTO 2,158
- IND 89th
- EOY Profit Sharing
- 5500 near St. Croix Regional Medical Center 403(b) Retirement Plan
- ASSETS ind #7387
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 Finance & Insurance retirement plans → · Plans in New Jersey →
Local 863 Ibt Retirement Savings Plan in the asset neighbourhood
New Jersey filing particulars
| Total Assets (Beginning of Year) | $61M |
|---|---|
| Net Assets (End of Year) | $75M |
| Net Income | $15M |
| Employer EIN | 208919589 |
| Plan Effective Date | 2006-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees, Ibt Local 863)
Sponsor-wide plan assets over time
All Board of Trustees, Ibt Local 863 plans reported in each filing year
- Latest sponsor-wide plan assets
- $95M 56.088050262390944% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,934 | $61M |
| 2023 | 1 | 2,158 | $75M |
| 2024 | 1 | 2,258 | $95M |
Nearby Profit Sharing Plans in New Jersey
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
- 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
- IBEW Local Union No 102 Surety Plan $637M · 2,283
- Kpmg Partner Retirement Savings Plan $529M · 1,895
Local 863 Ibt Retirement Savings Plan's out-of-state Profit Sharing peers by assets and headcount
Outside New Jersey, the nearest Profit Sharing by assets is St. Croix Regional Medical Center 403(b) Retirement Plan in WI ($75M); by covered participants it is Pacific Coast Building Products, Inc. Profit Sharing/Ret Plan & Trust Agreement in CA (2,160 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($75M here).
- St. Croix Regional Medical Center 403(b) Retirement Plan (WI) $75M · 739
- Pipe Trades Pension of Montana (WA) $76M · 1,088
- Smart Local 137 Annuity Fund (NY) $75M · 285
- Mercedes-Benz Financial Services USA LLC Retirement Plan (MI) $74M · 522
Similar participant headcount
Nearest other-state filings by covered participants (2,158 participants); asset peers above are excluded.
- Pacific Coast Building Products, Inc. Profit Sharing/Ret Plan & Trust Agreement (CA) 2,160 · 2 off
- Bricklayers & Allied Craftsmen Local 2 Annuity Fund (NY) 2,151 · 7 off
- Concepts of Independence, Inc. Supplemental Retirement Plan (NY) 2,150 · 8 off
- Bac Local 3 Ny Individual Account Retirement Fund (NY) 2,186 · 28 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.