Profit Sharing · DOL Form 5500 · 2024

Board of Trustees, Ibt Local 863 Profit Sharing Plan

Data updated 2026-07-24

$95M
Total assets: 2,258
Participants: 90th
Percentile by assets: $41,911
Avg per participant

Official DOL plan name: Local 863 Ibt Retirement Savings Plan · Sponsored by Board of Trustees, Ibt Local 863 · New Jersey · Finance & Insurance

$95M in assets, 2,258 participants

Board of Trustees, Ibt Local 863's Local 863 Ibt Retirement Savings Plan reported $95M in total assets and 2,258 participants in its 2024 DOL Form 5500 filing, ranking in the 90th 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.

90th percentile by assets (of 116,472 plans)

Coverage in New Jersey

Local 863 Ibt Retirement Savings Plan covers 2,258 participants in New Jersey, 2.6x the typical New Jersey plan (state average ~865 per filing). Assets: $95M.

$95M
total plan assets (2024 EOY): 2,258
covered participants: 90th
percentile by assets (of 116,472 plans): $41,911
avg assets per participant

Local 863 Ibt Retirement Savings Plan reported net income rose from $15M in the plan year 2023 filing to $19M in the plan year 2024 filing.
Local 863 Ibt Retirement Savings Plan end-of-year assets rose from $75M in the plan year 2023 filing to $95M in the plan year 2024 filing.
Local 863 Ibt Retirement Savings Plan reported participants rose from 2,158 in the plan year 2023 filing to 2,258 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

New Jersey

Industry

Finance & Insurance

Participants vs New Jersey filers

In New Jersey, the average filing covers about 865 participants across 3,927 plans. Local 863 Ibt Retirement Savings Plan reports 2,258 participants - 2.6x that state average ($95M EOY assets).

New Jersey filing particulars

Total Assets (Beginning of Year)	$75M
Net Assets (End of Year)	$95M
Net Income	$19M
Employer EIN	208919589
Plan Effective Date	2006-07-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees, Ibt Local 863)

Total plan assets by year, all Board of Trustees, Ibt Local 863 plans on file

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.

Local 863 Ibt Retirement Savings Plan vs. nearby Profit Sharing plans in New Jersey, assets vs. participants

Ernst & Young Partnership Retirement (Hr-10) Plan $2.5B · 1,666
Heavy & General Laborers' Local Unions 472 & 172 of Nj Annuity Plan $1.6B · 8,865
IBEW Local Union No 102 Surety Plan $685M · 2,382
Kpmg Partner Retirement Savings Plan $524M · 1,704
Cooper Health System, Inc. Defined Contribution Retirement Plan $359M · 7,208

Compare Local 863 Ibt Retirement Savings Plan side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to Local 863 Ibt Retirement Savings Plan by total assets, not by location.

Kipp Nyc 403(b) Retirement Plan (NY) $95M · 1,177
Medical Services Group - Department of Medicine Profit Sharing Plan (NY) $95M · 148
Shreveport Electrical Industry Profit Sharing Plan (TN) $95M · 527
I.U.O.E. Local 98 Annuity Fund (MA) $94M · 1,259

Frequently Asked Questions

How did Local 863 Ibt Retirement Savings Plan assets move in 2024? ▼

Local 863 Ibt Retirement Savings Plan grew sharply - up 25.6% during 2024, from $75M to $95M. Reported net income was $19M.

How have Board of Trustees, Ibt Local 863 plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees, Ibt Local 863's sponsor-wide assets grew 56.1%, from $61M to $95M.

Where does Local 863 Ibt Retirement Savings Plan rank by assets among Form 5500 filers? ▼

Local 863 Ibt Retirement Savings Plan ranks in the 90th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).

Which Profit Sharing plans are similar in size to Local 863 Ibt Retirement Savings Plan? ▼

Among Profit Sharing plans in other states, the closest by assets is Kipp Nyc 403(b) Retirement Plan in NY ($95M, 1,177 participants).

Next read for Local 863 Ibt Retirement Savings Plan

Filing takeaways

Ways to act on Local 863 Ibt Retirement Savings Plan's numbers.

By total assets, Local 863 Ibt Retirement Savings Plan 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, Ibt Local 863's sponsor-wide assets have grown 56.1% since 2022 across 3 plan years on file. More Finance & Insurance 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 208919589.

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.