Profit Sharing · DOL Form 5500 · 2023
Board of Trustees of IBEW Local 688 Retirement Fund Profit Sharing Plan
Data updated 2026-08-11
- $17M
- Total assets
- 183
- Participants
- 69th
- Percentile by assets
- $92,142
- Avg per participant
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.
- 69th percentile by assets (of 127,072 plans)
- #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.
- $17M
- total plan assets (2023 EOY)
- 183
- covered participants
- 69th
- percentile by assets (of 127,072 plans)
- $92,142
- avg assets per participant
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.
Participants vs Ohio filers
In Ohio, the average filing covers about 765 participants across 5,089 plans. IBEW Local 688 Retirement Fund reports 183 participants - about 24% of that state average ($17M EOY assets).
Ohio filing particulars
| Total Assets (Beginning of Year) | $15M |
|---|---|
| Net Assets (End of Year) | $17M |
| Net Income | $2M |
| Employer EIN | 341536966 |
| Plan Effective Date | 1985-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees of IBEW Local 688 Retirement Fund)
| 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
- Cleveland Clinic Investment Pension Plan $1.5B · 48,582
- Masterbrand, Inc. Retirement Savings Plan $485M · 7,345
- The Employer Retirement Savings Plan- Premier Health Partners $228M · 11,923
- Three Rivers Annuity Fund $199M · 1,460
- Holzer Health System 401a Profit Sharing Plan $175M · 1,779
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to IBEW Local 688 Retirement Fund by total assets, not by location.
Frequently Asked Questions
How did IBEW Local 688 Retirement Fund assets move in 2023? ▼
How have Board of Trustees of IBEW Local 688 Retirement Fund plan assets changed over time? ▼
Which Profit Sharing plans are similar in size to IBEW Local 688 Retirement Fund? ▼
Next read for IBEW Local 688 Retirement Fund
Filing takeaways
Ways to act on IBEW Local 688 Retirement Fund's numbers.
- By total assets, IBEW Local 688 Retirement Fund ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in Ohio. Compare plans
- Board of Trustees of IBEW Local 688 Retirement Fund's sponsor-wide assets have grown 28.7% since 2022 across 3 plan years on file. More Construction plans