Profit Sharing · DOL Form 5500 · 2022

Trustees of Teamsters Local 408 Annuity Fund Profit Sharing Plan

Data updated 2026-08-25

$19M
Total assets Small plan by assets
266
Participants Below avg headcount
77th
Percentile by assets National rank
$71,518
Avg per participant Below avg balance/head
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Official DOL plan name: Teamsters Local 408 Annuity Fund · Sponsored by Trustees of Teamsters Local 408 Annuity Fund · New Jersey · Transportation & Warehousing

$19M in assets, 266 participants

Trustees of Teamsters Local 408 Annuity Fund's Teamsters Local 408 Annuity Fund reported $19M in total assets and 266 participants in its 2022 DOL Form 5500 filing, ranking in the 77th 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.

  • #2,985 in Transportation & Warehousing (3,876 peers)

Coverage in New Jersey

Teamsters Local 408 Annuity Fund covers 266 participants in New Jersey, about 32% of the average New Jersey filer (state average ~844 per filing). Assets: $19M.

#2,985
in Transportation & Warehousing (3,876 peers)
-24.2%
assets change YoY
0.2×
vs typical plan assets (national mean)

The plan reported a net loss of $6M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Teamsters Local 408 Annuity Fund's outsized position by total assets

Teamsters Local 408 Annuity Fund vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$19,023,853 Top 23% higher than 77% of 139,123 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 2022

Teamsters Local 408 Annuity Fund among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Teamsters Local 408 Annuity Fund sits mid-pack in the medium band (266 participants).

Form 5500 schedule snapshot

Filing strip 223002089 · Trustees of Teamsters Local 408 Annuity Fund PY 2022 · Profit Sharing

Teamsters Local 408 Annuity Fund · $19M · 266 · 77th

  • BOOK $19M
  • BOOK 266
  • BOOK 77th
  • BOOK Profit Sharing
  • BOOK near Accion International 403(b) Retirement Plan
  • BOOK ind #2985

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 Transportation & Warehousing retirement plans → · Plans in New Jersey →

Teamsters Local 408 Annuity Fund in the asset neighbourhood

Plan De Retiro 1081.01(D) Del Hospital General MenonitaPlan De Retiro 1081.01(D) De…$19MOliver Sprinkler Co., Inc. Profit Sharing PlanOliver Sprinkler Co., Inc. P…$19MColumbia Memorial Hospital Tsa/Thrift Plan and TrustColumbia Memorial Hospital T…$19MTeamsters Local 408 Annuity FundTeamsters Local 408 Annuity …$19MAccion International 403(b) Retirement PlanAccion International 403(b) …$19M
End-of-year total assets ($M) among Teamsters Local 408 Annuity Fund and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2022.

New Jersey filing particulars

Total Assets (Beginning of Year)$25M
Net Assets (End of Year)$19M
Net Income-$6M
Employer EIN223002089
Plan Effective Date1989-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Trustees of Teamsters Local 408 Annuity Fund)

Sponsor-wide plan assets over time

All Trustees of Teamsters Local 408 Annuity Fund plans reported in each filing year

Latest sponsor-wide plan assets
$21M 12.296058006756045% vs 2022
2024 filing year
$18M$19M$20M$21M$22M 202220232024 $19M $21.4M ▲ +12.3%
Year Plans Participants Total Assets
2022 1 266 $19M
2023 1 271 $21M
2024 1 246 $21M

Nearby Profit Sharing Plans in New Jersey

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Teamsters Local 408 Annuity Fund vs. nearby Profit Sharing plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -0.500.511.522.5 Total assets ($B) Participants Teamsters Local 408 Annuity Fund, Total assets ($B): 0.019023853 · Participants: 266Teamsters Local 408 Annuity FundErnst & Young Partnership Retirement (Hr-10) Plan, Total assets ($B): 2.170942715 · Participants: 2189Ernst & Young Partnership Retirement (Hr-10) PlanPrinceton University Retirement Plan, Total assets ($B): 1.829863121 · Participants: 8141Princeton University Retirement PlanOperating Engineers Local 825 Profit Sharing Fund, Total assets ($B): 1.328796729 · Participants: 10006Operating Engineers Local 825 Profit Sharing FundHeavy & General Laborers' Local Unions 472 & 172 of Nj Annuity Plan, Total assets ($B): 1.300397825 · Participants: 8556Heavy & General Laborers' Local Unions 472 & 172 of Nj Annuity PlanIBEW Local Union No 102 Surety Plan, Total assets ($B): 0.592706172 · Participants: 3061IBEW Local Union No 102 Surety Plan
Teamsters Local 408 Annuity Fund vs. nearby Profit Sharing plans in New Jersey, assets vs. participants
Compare Teamsters Local 408 Annuity Fund side-by-side with 3 peers →

Teamsters Local 408 Annuity Fund's out-of-state Profit Sharing peers by assets and headcount

Outside New Jersey, the nearest Profit Sharing by assets is Accion International 403(b) Retirement Plan in DC ($19M); by covered participants it is Niagara Lutheran Health System, Inc. Retirement Plan in NY (266 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (266 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Teamsters Local 408 Annuity Fund assets move in 2022? ▼
Teamsters Local 408 Annuity Fund declined sharply - down 24.2% during 2022, from $25M to $19M. Reported net income was -$6M.
How have Trustees of Teamsters Local 408 Annuity Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Trustees of Teamsters Local 408 Annuity Fund's sponsor-wide assets grew 12.3%, from $19M to $21M.
Where does Teamsters Local 408 Annuity Fund rank by assets among Form 5500 filers? ▼
Teamsters Local 408 Annuity Fund ranks in the 77th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which Profit Sharing plans are similar in size to Teamsters Local 408 Annuity Fund? ▼
Among Profit Sharing plans in other states, the closest by assets is Accion International 403(b) Retirement Plan in DC ($19M, 80 participants).
Which Profit Sharing plans cover a similar participant headcount to Teamsters Local 408 Annuity Fund? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Niagara Lutheran Health System, Inc. Retirement Plan in NY (266 participants, $3M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 223002089.

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.