Profit Sharing · DOL Form 5500 · 2023
Board of Trustees, Electrical Workers IBEW Local 163 Annuity Fund Profit Sharing Plan
Data updated 2026-08-11
- $115M
- Total assets
- 413
- Participants
- 92nd
- Percentile by assets
- $279,516
- Avg per participant
Official DOL plan name: Electrical Workers IBEW Local 163 Annuity Fund · Sponsored by Board of Trustees, Electrical Workers IBEW Local 163 Annuity Fund · New Jersey · Construction
$115M in assets, 413 participants
Board of Trustees, Electrical Workers IBEW Local 163 Annuity Fund's Electrical Workers IBEW Local 163 Annuity Fund reported $115M in total assets and 413 participants in its 2023 DOL Form 5500 filing, ranking in the 92nd 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.
- 92nd percentile by assets (of 127,072 plans)
- #8,181 in Construction (9,030 peers)
Coverage in New Jersey
Electrical Workers IBEW Local 163 Annuity Fund covers 413 participants in New Jersey, about 49% of the average New Jersey filer (state average ~844 per filing). Assets: $115M.
- $115M
- total plan assets (2023 EOY)
- 413
- covered participants
- 92nd
- percentile by assets (of 127,072 plans)
- $279,516
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Electrical Workers IBEW Local 163 Annuity Fund reported net income rose from -$6M in the plan year 2022 filing to $18M in the plan year 2023 filing.
- Electrical Workers IBEW Local 163 Annuity Fund end-of-year assets rose from $98M in the plan year 2022 filing to $115M in the plan year 2023 filing.
- Electrical Workers IBEW Local 163 Annuity Fund reported participants rose from 392 in the plan year 2022 filing to 413 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. Electrical Workers IBEW Local 163 Annuity Fund reports 413 participants - about 49% of that state average ($115M EOY assets).
New Jersey filing particulars
| Total Assets (Beginning of Year) | $98M |
|---|---|
| Net Assets (End of Year) | $115M |
| Net Income | $18M |
| Employer EIN | 236544827 |
| Plan Effective Date | 1970-04-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees, Electrical Workers IBEW Local 163 Annuity Fund)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 392 | $98M |
| 2023 | 1 | 413 | $115M |
| 2024 | 1 | 480 | $125M |
Nearby Profit Sharing Plans in New Jersey
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
Electrical Workers IBEW Local 163 Annuity Fund 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
- IBEW Local Union No 102 Surety Plan $637M · 2,283
- Kpmg Partner Retirement Savings Plan $529M · 1,895
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to Electrical Workers IBEW Local 163 Annuity Fund by total assets, not by location.
- IBEW Local No. 236 Annuity Plan (NY) $116M · 2,058
- Stanford Health Care Tri-Valley 403(b) Plan (CA) $116M · 1,498
- Riverside Healthcare 401(a) Savings Plan (IL) $117M · 2,277
- The Medical Faculty Associates 401(a) Retirement Plan (DC) $114M · 1,042
Frequently Asked Questions
How did Electrical Workers IBEW Local 163 Annuity Fund assets move in 2023? ▼
How have Board of Trustees, Electrical Workers IBEW Local 163 Annuity Fund plan assets changed over time? ▼
Where does Electrical Workers IBEW Local 163 Annuity Fund rank by assets among Form 5500 filers? ▼
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Filing takeaways
Ways to act on Electrical Workers IBEW Local 163 Annuity Fund's numbers.
- By total assets, Electrical Workers IBEW Local 163 Annuity Fund ranks in the top 10% 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
- Board of Trustees, Electrical Workers IBEW Local 163 Annuity Fund's sponsor-wide assets have grown 28.1% since 2022 across 3 plan years on file. More Construction plans