Profit Sharing · DOL Form 5500 · 2024

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

Data updated 2026-08-25

$19M
Total assets Small plan by assets
192
Participants Below avg headcount
69th
Percentile by assets National rank
$97,727
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

$19M in assets, 192 participants

Board of Trustees of IBEW Local 688 Retirement Fund's IBEW Local 688 Retirement Fund reported $19M in total assets and 192 participants in its 2024 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.

  • #6,126 in Construction (9,039 peers)

Coverage in Ohio

IBEW Local 688 Retirement Fund covers 192 participants in Ohio, about 25% of the average Ohio filer (state average ~765 per filing). Assets: $19M.

#6,126
in Construction (9,039 peers)
+11.3%
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 2024 · DOL Form 5500

$18,763,524 Top 31% higher than 69% of 123,620 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 2024

IBEW Local 688 Retirement Fund among mid-size filed plans by headcount

Plan-year 2024 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 (192 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • IBEW Local 688 Retirement Fund reported net income fell from $2M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • IBEW Local 688 Retirement Fund end-of-year assets rose from $17M in the plan year 2023 filing to $19M in the plan year 2024 filing.
  • IBEW Local 688 Retirement Fund reported participants rose from 183 in the plan year 2023 filing to 192 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 341536966 · Board of Trustees of IBEW Local 688 Retirement Fund PY 2024 · Profit Sharing

IBEW Local 688 Retirement Fund · $19M · 192 · 69th

  • BOOK $19M
  • VS-ST 192
  • BOY 69th
  • SCH Profit Sharing
  • EBSA near Altius Institute for Biomedical Sciences 403(b) Plan
  • PART ind #6126

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

Bella International Employee Retirement PlanBella International Employee…$19MAltius Institute for Biomedical Sciences 403(b) PlanAltius Institute for Biomedi…$19MIBEW Local 688 Retirement FundIBEW Local 688 Retirement Fu…$19MMartin Friedman, C.P.a., P.C. Profit Sharing PlanMartin Friedman, C.P.a., P.C…$19MPlumbers & Steamfitters Local 137-353 Annuity FundPlumbers & Steamfitters Loca…$19M
End-of-year total assets ($M) among IBEW Local 688 Retirement Fund and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2024.

Ohio filing particulars

Total Assets (Beginning of Year)$17M
Net Assets (End of Year)$19M
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): 0.018763524 · Participants: 192IBEW Local 688 Retirement FundCleveland Clinic Investment Pension Plan, Total assets ($B): 1.771113936 · Participants: 51751Cleveland Clinic Investment Pension PlanMasterbrand, Inc. Retirement Savings Plan, Total assets ($B): 0.544315052 · Participants: 6062Masterbrand, Inc. Retirement Savings PlanWorthington Steel, Inc. 401(k) Retirement Savings Plan, Total assets ($B): 0.523297754 · Participants: 2500Worthington Steel, Inc. 401(k) Retirement Savings PlanThe Employer Retirement Savings Plan - Premier Health Partners, Total assets ($B): 0.24382437 · Participants: 12736The Employer Retirement Savings Plan - Premier Health PartnersThree Rivers Annuity Fund, Total assets ($B): 0.21367125 · Participants: 960Three Rivers Annuity Fund
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 Altius Institute for Biomedical Sciences 403(b) Plan in WA ($19M); by covered participants it is Eastern Sintered Alloys, Inc. Profit Sharing Plan in PA (192 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (192 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
IBEW Local 688 Retirement Fund grew at a solid clip - up 11.3% during 2024, from $17M to $19M. 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 Altius Institute for Biomedical Sciences 403(b) Plan in WA ($19M, 106 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 Eastern Sintered Alloys, Inc. Profit Sharing Plan in PA (192 participants, $7M in assets).

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 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.