Profit Sharing · DOL Form 5500 · 2023

Board of Trustees of IBEW Local 688 Retirement Fund Profit Sharing Plan

Data updated 2026-08-25

$17M
Total assets Small plan by assets
183
Participants Below avg headcount
69th
Percentile by assets National rank
$92,142
Avg per participant Below avg balance/head
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Official DOL plan name: IBEW Local 688 Retirement Fund · Sponsored by Board of Trustees of IBEW Local 688 Retirement Fund · Ohio · Construction

$17M in assets, 183 participants

Board of Trustees of IBEW Local 688 Retirement Fund's IBEW Local 688 Retirement Fund reported $17M in total assets and 183 participants in its 2023 DOL Form 5500 filing, ranking in the 69th 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.

  • #6,154 in Construction (9,030 peers)

Coverage in Ohio

IBEW Local 688 Retirement Fund covers 183 participants in Ohio, about 24% of the average Ohio filer (state average ~765 per filing). Assets: $17M.

#6,154
in Construction (9,030 peers)
+15.7%
assets growth YoY

IBEW Local 688 Retirement Fund's outsized position by total assets

IBEW Local 688 Retirement Fund vs every filed plan by assets

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

$16,861,985 Top 31% higher than 69% 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

IBEW Local 688 Retirement Fund 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. IBEW Local 688 Retirement Fund sits mid-pack in the medium band (183 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • IBEW Local 688 Retirement Fund reported net income rose from $521K in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • IBEW Local 688 Retirement Fund end-of-year assets rose from $15M in the plan year 2022 filing to $17M in the plan year 2023 filing.
  • IBEW Local 688 Retirement Fund reported participants fell from 188 in the plan year 2022 filing to 183 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 341536966 · Board of Trustees of IBEW Local 688 Retirement Fund PY 2023 · Profit Sharing

IBEW Local 688 Retirement Fund · $17M · 183 · 69th

  • PCT $17M
  • PCT 183
  • PCT 69th
  • PCT Profit Sharing
  • PCT near Central New York Laborers' Annuity Fund
  • PCT ind #6154

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 Ohio →

IBEW Local 688 Retirement Fund in the asset neighbourhood

S.W. Management LLC Profit Sharing PlanS.W. Management LLC Profit S…$17MNaacp Legal Defense & Educational Fund, Inc. 403(b) PlanNaacp Legal Defense & Educat…$17MIBEW Local 688 Retirement FundIBEW Local 688 Retirement Fu…$17MCentral New York Laborers' Annuity FundCentral New York Laborers' A…$17MBedford Nugent Corp. Employees Profit Sharing PlanBedford Nugent Corp. Employe…$17M
End-of-year total assets ($M) among IBEW Local 688 Retirement Fund and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

Ohio filing particulars

Total Assets (Beginning of Year)$15M
Net Assets (End of Year)$17M
Net Income$2M
Employer EIN341536966
Plan Effective Date1985-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees of IBEW Local 688 Retirement Fund)

Sponsor-wide plan assets over time

All Board of Trustees of IBEW Local 688 Retirement Fund plans reported in each filing year

Latest sponsor-wide plan assets
$19M 28.728225621216573% vs 2022
2024 filing year
$14M$16M$18M$20M 202220232024 $14.6M $18.8M ▲ +28.7%
Year Plans Participants Total Assets
2022 1 188 $15M
2023 1 183 $17M
2024 1 192 $19M

Nearby Profit Sharing Plans in Ohio

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

IBEW Local 688 Retirement Fund vs. nearby Profit Sharing plans in Ohio, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -0.500.511.52 Total assets ($B) Participants IBEW Local 688 Retirement Fund, Total assets ($B): 0.016861985 · Participants: 183IBEW Local 688 Retirement FundCleveland Clinic Investment Pension Plan, Total assets ($B): 1.460661842 · Participants: 48582Cleveland Clinic Investment Pension PlanMasterbrand, Inc. Retirement Savings Plan, Total assets ($B): 0.484719729 · Participants: 7345Masterbrand, Inc. Retirement Savings PlanThe Employer Retirement Savings Plan- Premier Health Partners, Total assets ($B): 0.227674027 · Participants: 11923The Employer Retirement Savings Plan- Premier Health PartnersThree Rivers Annuity Fund, Total assets ($B): 0.199164348 · Participants: 1460Three Rivers Annuity FundHolzer Health System 401a Profit Sharing Plan, Total assets ($B): 0.175394151 · Participants: 1779Holzer Health System 401a Profit Sharing Plan
IBEW Local 688 Retirement Fund vs. nearby Profit Sharing plans in Ohio, assets vs. participants
Compare IBEW Local 688 Retirement Fund side-by-side with 3 peers →

IBEW Local 688 Retirement Fund's out-of-state Profit Sharing peers by assets and headcount

Outside Ohio, the nearest Profit Sharing by assets is Central New York Laborers' Annuity Fund in NY ($17M); by covered participants it is The Aspen Surgical Puerto Rico Corp. 1165(e) Savings Plan in PR (183 participants). Same-state nearby plans are listed separately above.

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 IBEW Local 688 Retirement Fund assets move in 2023? ▼
IBEW Local 688 Retirement Fund grew sharply - up 15.7% during 2023, from $15M to $17M. Reported net income was $2M.
How have Board of Trustees of IBEW Local 688 Retirement Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees of IBEW Local 688 Retirement Fund's sponsor-wide assets grew 28.7%, from $15M to $19M.
Which Profit Sharing plans are similar in size to IBEW Local 688 Retirement Fund? ▼
Among Profit Sharing plans in other states, the closest by assets is Central New York Laborers' Annuity Fund in NY ($17M, 221 participants).
Which Profit Sharing plans cover a similar participant headcount to IBEW Local 688 Retirement Fund? ▼
Among Profit Sharing plans in other states, the closest by covered participants is The Aspen Surgical Puerto Rico Corp. 1165(e) Savings Plan in PR (183 participants, $4M 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 341536966.

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.