Defined Benefit (Pension) · DOL Form 5500 · 2023

Trustees of Teamsters Local 408 Pension and Welfare Funds Pension Plan

Data updated 2026-08-25

$104M
Total assets Near avg plan size
189
Participants Below avg headcount
92nd
Percentile by assets National rank
$550,108
Avg per participant High balance/head
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Official DOL plan name: Teamsters Local 408 Pension Plan · Sponsored by Trustees of Teamsters Local 408 Pension and Welfare Funds · New Jersey · Transportation & Warehousing

$104M in assets, 189 participants

Trustees of Teamsters Local 408 Pension and Welfare Funds's Teamsters Local 408 Pension Plan reported $104M in total assets and 189 participants in its 2023 DOL Form 5500 filing, ranking in the 92nd 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.

  • #3,008 in Transportation & Warehousing (3,362 peers)

Coverage in New Jersey

Teamsters Local 408 Pension Plan covers 189 participants in New Jersey, about 22% of the average New Jersey filer (state average ~844 per filing). Assets: $104M.

#3,008
in Transportation & Warehousing (3,362 peers)
+11.5%
assets growth YoY
1.0×
vs typical plan assets (national mean)

Teamsters Local 408 Pension Plan's outsized position by total assets

Teamsters Local 408 Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$103,970,324 Top 8% higher than 92% 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 Pension Plan 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 Pension Plan sits mid-pack in the medium band (189 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Teamsters Local 408 Pension Plan reported net income fell from $92M in the plan year 2022 filing to $11M in the plan year 2023 filing.
  • Teamsters Local 408 Pension Plan end-of-year assets rose from $93M in the plan year 2022 filing to $104M in the plan year 2023 filing.
  • Teamsters Local 408 Pension Plan reported participants rose from 186 in the plan year 2022 filing to 189 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 226172437 · Trustees of Teamsters Local 408 Pension and Welfare Funds PY 2023 · Defined Benefit (Pension)

Teamsters Local 408 Pension Plan · $104M · 189 · 92nd

  • TYPE $104M
  • TYPE 189
  • TYPE 92nd
  • TYPE Defined Benefit (Pension)
  • TYPE near Clark Equipment Company - Melroe Division, Gwinner, Nd Plant Hourly-Rate Employees' Pension Plan
  • TYPE ind #3008

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 Pension Plan in the asset neighbourhood

Mtd Products Inc Pension Plan$104MTotalenergies Finance USA, Inc. Cash Balance Pension PlanTotalenergies Finance USA, I…$104MClark Equipment Company - Melroe Division, Gwinner, Nd Plant Hourly-Rate Employees' Pension PlanClark Equipment Company - Me…$104MTeamsters Local 408 Pension PlanTeamsters Local 408 Pension …$104MGuild-Times Adjustable Pension PlanGuild-Times Adjustable Pensi…$104M
End-of-year total assets ($M) among Teamsters Local 408 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

New Jersey filing particulars

Total Assets (Beginning of Year)$93M
Net Assets (End of Year)$104M
Net Income$11M
Employer EIN226172437
Plan Effective Date1961-03-06
Filing StatusFILING RECEIVED

Sponsor Plan History (Trustees of Teamsters Local 408 Pension and Welfare Funds)

Sponsor-wide plan assets over time

All Trustees of Teamsters Local 408 Pension and Welfare Funds plans reported in each filing year

Latest sponsor-wide plan assets
$108M 15.512081577056192% vs 2022
2024 filing year
$90M$95M$100M$105M$110M 202220232024 $93.2M $108M ▲ +15.5%
Year Plans Participants Total Assets
2022 1 186 $93M
2023 1 189 $104M
2024 1 183 $108M

Nearby Defined Benefit (Pension) Plans in New Jersey

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Teamsters Local 408 Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -50510152025 Total assets ($B) Participants Teamsters Local 408 Pension Plan, Total assets ($B): 0.103970324 · Participants: 189Teamsters Local 408 Pension PlanRetirement Plan of Johnson and Johnson, Total assets ($B): 21.174819996 · Participants: 37749Retirement Plan of Johnson and JohnsonJPMorgan Chase Retirement Plan, Total assets ($B): 16.279006871 · Participants: 90644JPMorgan Chase Retirement PlanNokia Retirement Income Plan, Total assets ($B): 13.864923 · Participants: 7492Nokia Retirement Income PlanThe Prudential Merged Retirement Plan, Total assets ($B): 12.225782081 · Participants: 16230The Prudential Merged Retirement PlanVerizon Pension Plan for Associates, Total assets ($B): 10.930667796 · Participants: 23778Verizon Pension Plan for Associates
Teamsters Local 408 Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants
Compare Teamsters Local 408 Pension Plan side-by-side with 3 peers →

Teamsters Local 408 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New Jersey, the nearest Defined Benefit (Pension) by assets is Clark Equipment Company - Melroe Division, Gwinner, Nd Plant Hourly-Rate Employees' Pension Plan in ND ($104M); by covered participants it is Colorcon, Inc. Employees' Pension Plan in PA (189 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (189 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 Pension Plan assets move in 2023? ▼
Teamsters Local 408 Pension Plan grew at a solid clip - up 11.5% during 2023, from $93M to $104M. Reported net income was $11M.
How have Trustees of Teamsters Local 408 Pension and Welfare Funds plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Trustees of Teamsters Local 408 Pension and Welfare Funds's sponsor-wide assets grew 15.5%, from $93M to $108M.
Where does Teamsters Local 408 Pension Plan rank by assets among Form 5500 filers? ▼
Teamsters Local 408 Pension Plan ranks in the 92nd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Teamsters Local 408 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Clark Equipment Company - Melroe Division, Gwinner, Nd Plant Hourly-Rate Employees' Pension Plan in ND ($104M, 1,028 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Teamsters Local 408 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Colorcon, Inc. Employees' Pension Plan in PA (189 participants, $80M 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 226172437.

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.