Defined Benefit (Pension) · DOL Form 5500 · 2023

Board of Trustees Teamsters Local 641 Pension Fund Pension Plan

Data updated 2026-08-11

$569M
Total assets: 404
Participants: 98th
Percentile by assets: $1.4M
Avg per participant

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.

98th percentile by assets (of 127,072 plans)
#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.

$569M
total plan assets (2023 EOY): 404
covered participants: 98th
percentile by assets (of 127,072 plans): $1.4M
avg assets per participant

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 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 →

State

New Jersey

Industry

Transportation & Warehousing

Participants vs New Jersey filers

In New Jersey, the average filing covers about 844 participants across 4,145 plans. Teamsters Local 641 Pension Fund reports 404 participants - about 48% of that state average ($569M EOY assets).

New Jersey filing particulars

Total Assets (Beginning of Year)	$568M
Net Assets (End of Year)	$547M
Net Income	-$5M
Employer EIN	226220288
Plan Effective Date	1974-03-01
Filing Status	FILING RECEIVED

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

Total plan assets by year, all Board of Trustees Teamsters Local 641 Pension Fund plans on file

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

Retirement Plan of Johnson and Johnson $21.2B · 37,749
JPMorgan Chase Retirement Plan $16.3B · 90,644
Nokia Retirement Income Plan $13.9B · 7,492
The Prudential Merged Retirement Plan $12.2B · 16,230
Verizon Pension Plan for Associates $10.9B · 23,778

Compare Teamsters Local 641 Pension Fund side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Teamsters Local 641 Pension Fund by total assets, not by location.

Teledyne Technologies Incorporated Pension Plan (CA) $569M · 87
Hrsa-Ila Pension Plan (VA) $568M · 2,437
Sidley Austin LLP Cash Balance Retirement Plan for Partners (IL) $569M · 630
Pension Plan for the Washington Post and Companies (WA) $570M · 2,032

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).

Next read for Teamsters Local 641 Pension Fund

Filing takeaways

Ways to act on Teamsters Local 641 Pension Fund's numbers.

By total assets, Teamsters Local 641 Pension Fund ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in New Jersey. Compare plans
Board of Trustees Teamsters Local 641 Pension Fund's sponsor-wide assets have declined 1.0% since 2022 across 3 plan years on file. More Transportation & Warehousing plans

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.