Profit Sharing · DOL Form 5500 · 2024

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

Data updated 2026-07-24

$55M
Total assets: 538
Participants: 85th
Percentile by assets: $102,018
Avg per participant

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

$55M in assets, 538 participants

Bd of Trustees I.B.E.W. Local 1253 Retirement Plan's I.B.E.W. Local 1253 Retirement Plan reported $55M in total assets and 538 participants in its 2024 DOL Form 5500 filing, ranking in the 85th 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.

85th percentile by assets (of 116,472 plans)

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, $55M for 538 participants (~$102,018/participant), up 8.7% in 2024.

$55M
total plan assets (2024 EOY): 538
covered participants: 85th
percentile by assets (of 116,472 plans): $102,018
avg assets per participant

I.B.E.W. Local 1253 Retirement Plan reported net income fell from $8M in the plan year 2023 filing to $4M in the plan year 2024 filing.
I.B.E.W. Local 1253 Retirement Plan reported participants rose from 477 in the plan year 2023 filing to 538 in the plan year 2024 filing.
I.B.E.W. Local 1253 Retirement Plan end-of-year assets rose from $50M in the plan year 2023 filing to $55M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Maine

Industry

Construction

I.B.E.W. Local 1253 Retirement Plan vs the 2024 asset distribution

By assets, I.B.E.W. Local 1253 Retirement Plan outranks 85% of the 116,472 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 0.5x the national average plan size of $100M (730 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)	$50M
Net Assets (End of Year)	$55M
Net Income	$4M
Employer EIN	016045419
Plan Effective Date	1973-10-19
Filing Status	FILING RECEIVED

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

Total plan assets by year, all Bd of Trustees I.B.E.W. Local 1253 Retirement Plan plans on file

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

Penobscot Community Health Center 403(b) Plan $42M · 858
Maine Dartmouth Family Medicine Residency 403(b) Plan $29M · 121
Shaw Brothers Construction Profit Sharing Plan $27M · 212
Thomas College DC Retirement Plan $23M · 153
Penquis Cap 403(b) Plan $19M · 501

Compare I.B.E.W. Local 1253 Retirement Plan side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to I.B.E.W. Local 1253 Retirement Plan by total assets, not by location.

Ncqa Retirement Plan (DC) $55M · 478
University Physician Group 401(a) Retirement Plan (MI) $55M · 313
Casa Colina, Inc. 403(b) Retirement Plan (CA) $55M · 1,071
Northern California Tile Industry Defined Contribution Plan (CA) $55M · 595

Frequently Asked Questions

How did I.B.E.W. Local 1253 Retirement Plan assets move in 2024? ▼

I.B.E.W. Local 1253 Retirement Plan grew at a solid clip - up 8.7% during 2024, from $50M to $55M. Reported net income was $4M.

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 85th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (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 Ncqa Retirement Plan in DC ($55M, 478 participants).

Next read for I.B.E.W. Local 1253 Retirement Plan

Scale reading

Ways to act on I.B.E.W. Local 1253 Retirement Plan's numbers.

By total assets, I.B.E.W. Local 1253 Retirement Plan ranks in the top quartile of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Profit Sharing plans in Maine. Compare plans
Bd of Trustees I.B.E.W. Local 1253 Retirement Plan's sponsor-wide assets have grown 28.8% since 2022 across 3 plan years on file. More Construction plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.