Other
2022 plan-year Other DOL Form 5500

TEAMSTERS LOCAL 408 PENSION PLAN

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

TRUSTEES OF TEAMSTERS LOCAL 408 PENSION AND WELFARE FUNDS

This Other plan holds $93M in total assets and serves 186 participants as of 2022. It is sponsored by TRUSTEES OF TEAMSTERS LOCAL 408 PENSION AND WELFARE FUNDS in New Jersey. The plan reported positive net income of $92M for the year.

Total Assets (2023)
$93M
Participants
186
State
Industry
Transportation & Warehousing

What the Filing Says About TEAMSTERS LOCAL 408 PENSION PLAN

TEAMSTERS LOCAL 408 PENSION PLAN is a Other retirement plan sponsored by TRUSTEES OF TEAMSTERS LOCAL 408 PENSION AND WELFARE FUNDS, headquartered in New Jersey. As of the 2022 Form 5500 filing, the plan reports $93M in total end-of-year assets and covers 186 participants across the Transportation & Warehousing industry. The sponsor's EIN on file with the U.S. Department of Labor is 226172437, and the plan has been effective since 1961-03-06. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $2M at the beginning of 2022 to $93M at year-end — a gain of 4403.3%. Net assets (after liabilities) closed the year at $93M, with reported net income of $92M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$2M
Total Assets (End of Year)$93M
Net Assets (End of Year)$93M
Net Income$92M
Plan TypeOther
Employer EIN226172437
Plan Effective Date1961-03-06
Filing StatusFILING RECEIVED

Sponsor Plan History (TRUSTEES OF TEAMSTERS LOCAL 408 PENSION AND WELFARE FUNDS)

Year Plans Participants Total Assets
2022 1 186 $93M
2023 1 189 $104M
2024 1 183 $108M

Nearby Other Plans in New Jersey

Peer Other plans — same state, same plan type — ranked by total assets.

Frequently Asked Questions

How much money is in the TEAMSTERS LOCAL 408 PENSION PLAN?
As of the 2022 Form 5500 filing, TEAMSTERS LOCAL 408 PENSION PLAN holds $93M in total assets with 186 participants. It is sponsored by TRUSTEES OF TEAMSTERS LOCAL 408 PENSION AND WELFARE FUNDS.
What type of plan is TEAMSTERS LOCAL 408 PENSION PLAN?
TEAMSTERS LOCAL 408 PENSION PLAN is a Other plan. It has been effective since 1961-03-06. The plan is filed with the U.S. Department of Labor under EIN 226172437.
Who sponsors the TEAMSTERS LOCAL 408 PENSION PLAN?
TEAMSTERS LOCAL 408 PENSION PLAN is sponsored by TRUSTEES OF TEAMSTERS LOCAL 408 PENSION AND WELFARE FUNDS, located in New Jersey. The sponsor's EIN is 226172437 and the plan operates in the Transportation & Warehousing industry.
How did TEAMSTERS LOCAL 408 PENSION PLAN perform in 2022?
TEAMSTERS LOCAL 408 PENSION PLAN grew by 4403.3% during 2022, moving from $2M to $93M in total assets. Net income was $92M.
Where can I find official filings for TEAMSTERS LOCAL 408 PENSION PLAN?
Official Form 5500 filings for TEAMSTERS LOCAL 408 PENSION PLAN are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 226172437 or plan name at efast.dol.gov.
How does TEAMSTERS LOCAL 408 PENSION PLAN compare to other plans?
You can compare TEAMSTERS LOCAL 408 PENSION PLAN against other Other plans on the plan type page, or view plans in New Jersey on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

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 226172437.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from official public datasets. See our methodology for details.