Profit Sharing · DOL Form 5500 · 2024
Board of Trustees, Ibt Local 863 Profit Sharing Plan
Data updated 2026-08-25
- $95M
- Total assets Below avg plan size
- 2,258
- Participants Above avg headcount
- 90th
- Percentile by assets National rank
- $41,911
- Avg per participant Low balance/head
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.
- #7,224 in Finance & Insurance (8,549 peers)
Coverage in New Jersey
Local 863 Ibt Retirement Savings Plan covers 2,258 participants in New Jersey, 2.7x the typical New Jersey plan (state average ~844 per filing). Assets: $95M.
- #7,224
- in Finance & Insurance (8,549 peers)
- +25.6%
- assets growth YoY
- 0.9×
- vs typical plan assets (national mean)
Local 863 Ibt Retirement Savings Plan's outsized position by total assets
Local 863 Ibt Retirement Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$94,634,919 Top 10% higher than 90% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Local 863 Ibt Retirement Savings Plan's large-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Local 863 Ibt Retirement Savings Plan lands in the large band (2,258 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- 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.
Plan-year Form 5500 strip
Filing strip 208919589 · Board of Trustees, Ibt Local 863 PY 2024 · Profit Sharing
Local 863 Ibt Retirement Savings Plan · $95M · 2,258 · 90th
- NET $95M
- BOOK 2,258
- VS-ST 90th
- BOY Profit Sharing
- SCH near Kipp Nyc 403(b) Retirement Plan
- EBSA ind #7224
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 Finance & Insurance retirement plans → · Plans in New Jersey →
Local 863 Ibt Retirement Savings Plan in the asset neighbourhood
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)
Sponsor-wide plan assets over time
All Board of Trustees, Ibt Local 863 plans reported in each filing year
- Latest sponsor-wide plan assets
- $95M 56.088050262390944% vs 2022
- 2024 filing year
| 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.
- 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
- Operating Engineers Local 825 Profit Sharing Fund $1.5B · 10,365
- IBEW Local Union No 102 Surety Plan $685M · 2,382
- Kpmg Partner Retirement Savings Plan $524M · 1,704
Local 863 Ibt Retirement Savings Plan's out-of-state Profit Sharing peers by assets and headcount
Outside New Jersey, the nearest Profit Sharing by assets is Kipp Nyc 403(b) Retirement Plan in NY ($95M); by covered participants it is Southern New Hampshire Medical Center 401(a) Retirement Savings Plus Plan in NH (2,255 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($95M here).
Similar participant headcount
Nearest other-state filings by covered participants (2,258 participants); asset peers above are excluded.
- Southern New Hampshire Medical Center 401(a) Retirement Savings Plus Plan (NH) 2,255 · 3 off
- National Church Residences 3-4-5 401(a) Retirement Plan (OH) 2,241 · 17 off
- Profit-Sharing Plan of Ogletree, Deakins, Nash, Smoak & Stewart (SC) 2,275 · 17 off
- Ultimate Care, Inc. Retirement Plan and Trust (NY) 2,278 · 20 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.