Profit Sharing · DOL Form 5500 · 2024
Board of Trustees of IBEW Local 688 Retirement Fund Profit Sharing Plan
Data updated 2026-08-06
- $19M
- Total assets
- 192
- Participants
- 69th
- Percentile by assets
- $97,727
- 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
$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.
- 69th percentile by assets (of 116,472 plans)
Coverage in Ohio
IBEW Local 688 Retirement Fund covers 192 participants in Ohio, about 24% of the average Ohio filer (state average ~787 per filing). Assets: $19M.
- $19M
- total plan assets (2024 EOY)
- 192
- covered participants
- 69th
- percentile by assets (of 116,472 plans)
- $97,727
- avg assets per participant
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.
Participants vs Ohio filers
In Ohio, the average filing covers about 787 participants across 4,840 plans. IBEW Local 688 Retirement Fund reports 192 participants - about 24% of that state average ($19M EOY assets).
Ohio filing particulars
| Total Assets (Beginning of Year) | $17M |
|---|---|
| Net Assets (End of Year) | $19M |
| 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 $1.8B · 51,751
- Masterbrand, Inc. Retirement Savings Plan $544M · 6,062
- Worthington Steel, Inc. 401(k) Retirement Savings Plan $523M · 2,500
- The Employer Retirement Savings Plan - Premier Health Partners $244M · 12,736
- Three Rivers Annuity Fund $214M · 960
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 2024? ▼
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
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.