Defined Benefit (Pension) · DOL Form 5500 · 2023

Board of Trustees Teamsters Local 641 Pension Fund Pension Plan

Data updated 2026-08-25

$569M
Total assets Above avg plan size
404
Participants Below avg headcount
98th
Percentile by assets National rank
$1.4M
Avg per participant High balance/head
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Official DOL plan name: Teamsters Local 641 Pension Fund · Sponsored by Board of Trustees Teamsters Local 641 Pension Fund · New Jersey · Transportation & Warehousing

$569M in assets, 404 participants

Board of Trustees Teamsters Local 641 Pension Fund's Teamsters Local 641 Pension Fund reported $569M in total assets and 404 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.

  • #3,245 in Transportation & Warehousing (3,362 peers)

Coverage in New Jersey

Teamsters Local 641 Pension Fund covers 404 participants in New Jersey, about 48% of the average New Jersey filer (state average ~844 per filing). Assets: $569M.

#3,245
in Transportation & Warehousing (3,362 peers)
+0.2%
assets growth YoY
5.7×
vs typical plan assets (national mean)

The plan reported a net loss of $5M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Teamsters Local 641 Pension Fund's outsized position by total assets

Teamsters Local 641 Pension Fund vs every filed plan by assets

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

$568,685,502 Top 2% higher than 98% 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 641 Pension 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 641 Pension Fund sits mid-pack in the medium band (404 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Teamsters Local 641 Pension Fund reported net income fell from $561M in the plan year 2022 filing to -$5M in the plan year 2023 filing.
  • Teamsters Local 641 Pension Fund reported participants fell from 453 in the plan year 2022 filing to 404 in the plan year 2023 filing.
  • Teamsters Local 641 Pension Fund end-of-year assets rose from $568M in the plan year 2022 filing to $569M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 226220288 · Board of Trustees Teamsters Local 641 Pension Fund PY 2023 · Defined Benefit (Pension)

Teamsters Local 641 Pension Fund · $569M · 404 · 98th

  • IND $569M
  • IND 404
  • IND 98th
  • IND Defined Benefit (Pension)
  • IND near Teledyne Technologies Incorporated Pension Plan
  • IND ind #3245

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 641 Pension Fund in the asset neighbourhood

Pension Plan for the Washington Post and CompaniesPension Plan for the Washing…$570MSidley Austin LLP Cash Balance Retirement Plan for PartnersSidley Austin LLP Cash Balan…$569MTeamsters Local 641 Pension FundTeamsters Local 641 Pension …$569MTeledyne Technologies Incorporated Pension PlanTeledyne Technologies Incorp…$569MHrsa-Ila Pension Plan$568M
End-of-year total assets ($M) among Teamsters Local 641 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

New Jersey filing particulars

Total Assets (Beginning of Year)$568M
Net Assets (End of Year)$547M
Net Income-$5M
Employer EIN226220288
Plan Effective Date1974-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees Teamsters Local 641 Pension Fund)

Sponsor-wide plan assets over time

All Board of Trustees Teamsters Local 641 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$562M 1.032463693759502% vs 2022
2024 filing year
$560M$565M$570M 202220232024 $568M $562M ▼ -1.0%
Year Plans Participants Total Assets
2022 1 453 $568M
2023 1 404 $569M
2024 1 313 $562M

Nearby Defined Benefit (Pension) Plans in New Jersey

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

Teamsters Local 641 Pension Fund vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -50510152025 Total assets ($B) Participants Teamsters Local 641 Pension Fund, Total assets ($B): 0.568685502 · Participants: 404Teamsters Local 641 Pension FundRetirement 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 641 Pension Fund vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants
Compare Teamsters Local 641 Pension Fund side-by-side with 3 peers →

Teamsters Local 641 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New Jersey, the nearest Defined Benefit (Pension) by assets is Teledyne Technologies Incorporated Pension Plan in CA ($569M); by covered participants it is Navistar, Inc. Salaried Employees Pension Plan in IL (403 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (404 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 641 Pension Fund assets move in 2023? ▼
Teamsters Local 641 Pension Fund held essentially flat - up 0.2% during 2023, from $568M to $569M. Reported net income was -$5M.
How have Board of Trustees Teamsters Local 641 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees Teamsters Local 641 Pension Fund's sponsor-wide assets declined 1.0%, from $568M to $562M.
Where does Teamsters Local 641 Pension Fund rank by assets among Form 5500 filers? ▼
Teamsters Local 641 Pension Fund ranks in the 98th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Teamsters Local 641 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Teledyne Technologies Incorporated Pension Plan in CA ($569M, 87 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Teamsters Local 641 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Navistar, Inc. Salaried Employees Pension Plan in IL (403 participants, $462M 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 226220288.

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.