Profit Sharing · DOL Form 5500 · 2023

Trustees of Teamsters Local 408 Annuity Fund Profit Sharing Plan

Data updated 2026-08-25

$21M
Total assets Small plan by assets
271
Participants Below avg headcount
73rd
Percentile by assets National rank
$76,429
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

$21M in assets, 271 participants

Trustees of Teamsters Local 408 Annuity Fund's Teamsters Local 408 Annuity Fund reported $21M in total assets and 271 participants in its 2023 DOL Form 5500 filing, ranking in the 73rd 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.

  • #2,451 in Transportation & Warehousing (3,362 peers)

Coverage in New Jersey

Teamsters Local 408 Annuity Fund covers 271 participants in New Jersey, about 32% of the average New Jersey filer (state average ~844 per filing). Assets: $21M.

#2,451
in Transportation & Warehousing (3,362 peers)
+8.9%
assets growth YoY

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 2023 · DOL Form 5500

$20,712,161 Top 27% higher than 73% of 127,068 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 2023

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

Plan-year 2023 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 (271 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Teamsters Local 408 Annuity Fund reported net income rose from -$6M in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Teamsters Local 408 Annuity Fund end-of-year assets rose from $19M in the plan year 2022 filing to $21M in the plan year 2023 filing.
  • Teamsters Local 408 Annuity Fund reported participants rose from 266 in the plan year 2022 filing to 271 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 223002089 · Trustees of Teamsters Local 408 Annuity Fund PY 2023 · Profit Sharing

Teamsters Local 408 Annuity Fund · $21M · 271 · 73rd

  • RANK $21M
  • RANK 271
  • RANK 73rd
  • RANK Profit Sharing
  • RANK near New England Gallery, Inc. Profit Sharing Plan
  • RANK ind #2451

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

Local 463 Entenmann's Salesperson's Trust FundLocal 463 Entenmann's Salesp…$21MNew England Gallery, Inc. Profit Sharing PlanNew England Gallery, Inc. Pr…$21MTeamsters Local 408 Annuity FundTeamsters Local 408 Annuity …$21MNachri Defined Contribution PlanNachri Defined Contribution …$21MAmerican Welding Society 403(b) Retirement PlanAmerican Welding Society 403…$21M
End-of-year total assets ($M) among Teamsters Local 408 Annuity Fund and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

New Jersey filing particulars

Total Assets (Beginning of Year)$19M
Net Assets (End of Year)$20M
Net Income$1M
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 -10123 Total assets ($B) Participants Teamsters Local 408 Annuity Fund, Total assets ($B): 0.020712161 · Participants: 271Teamsters Local 408 Annuity FundErnst & Young Partnership Retirement (Hr-10) Plan, Total assets ($B): 2.4875433 · Participants: 1843Ernst & Young Partnership Retirement (Hr-10) PlanOperating Engineers Local 825 Profit Sharing Fund, Total assets ($B): 1.438796802 · Participants: 10336Operating Engineers Local 825 Profit Sharing FundHeavy & General Laborers' Local Unions 472 & 172 of Nj Annuity Plan, Total assets ($B): 1.401252704 · Participants: 8602Heavy & General Laborers' Local Unions 472 & 172 of Nj Annuity PlanIBEW Local Union No 102 Surety Plan, Total assets ($B): 0.637415895 · Participants: 2283IBEW Local Union No 102 Surety PlanKpmg Partner Retirement Savings Plan, Total assets ($B): 0.529416194 · Participants: 1895Kpmg Partner Retirement Savings 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 New England Gallery, Inc. Profit Sharing Plan in MA ($21M); by covered participants it is Dorado Beach Golf Management Retirement Plan in PR (271 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (271 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 2023? ▼
Teamsters Local 408 Annuity Fund grew at a solid clip - up 8.9% during 2023, from $19M to $21M. Reported net income was $1M.
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.
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 New England Gallery, Inc. Profit Sharing Plan in MA ($21M, 3 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 Dorado Beach Golf Management Retirement Plan in PR (271 participants, $2M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.