Profit Sharing · DOL Form 5500 · 2023

Defined Contribution Plan of the Mid Jersey Trucking Industry and Team Profit Sharing Plan

Data updated 2026-08-11

$15M
Total assets: 236
Participants: 67th
Percentile by assets: $63,667
Avg per participant

Official DOL plan name: Defined Contribution Plan of the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension and Annuity Fund · Sponsored by Defined Contribution Plan of the Mid Jersey Trucking Industry and Team · New Jersey · Transportation & Warehousing

$15M in assets, 236 participants

Defined Contribution Plan of the Mid Jersey Trucking Industry and Team's Defined Contribution Plan of the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension and Annuity Fund reported $15M in total assets and 236 participants in its 2023 DOL Form 5500 filing, ranking in the 67th 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.

67th percentile by assets (of 127,072 plans)
#2,265 in Transportation & Warehousing (3,362 peers)

Coverage in New Jersey

Defined Contribution Plan of the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension and Annuity Fund covers 236 participants in New Jersey, about 28% of the average New Jersey filer (state average ~844 per filing). Assets: $15M.

$15M
total plan assets (2023 EOY): 236
covered participants: 67th
percentile by assets (of 127,072 plans): $63,667
avg assets per participant

Defined Contribution Plan of the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension and Annuity Fund reported net income rose from -$1M in the plan year 2022 filing to $2M in the plan year 2023 filing.
Defined Contribution Plan of the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension and Annuity Fund end-of-year assets rose from $13M in the plan year 2022 filing to $15M in the plan year 2023 filing.
Defined Contribution Plan of the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension and Annuity Fund reported participants fell from 262 in the plan year 2022 filing to 236 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. Defined Contribution Plan of the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension and Annuity Fund reports 236 participants - about 28% of that state average ($15M EOY assets).

New Jersey filing particulars

Total Assets (Beginning of Year)	$13M
Net Assets (End of Year)	$15M
Net Income	$2M
Employer EIN	136043977
Plan Effective Date	1985-06-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Defined Contribution Plan of the Mid Jersey Trucking Industry and Team)

Total plan assets by year, all Defined Contribution Plan of the Mid Jersey Trucking Industry and Team plans on file

Year	Plans	Participants	Total Assets
2022	2	419	$345M
2023	2	403	$353M
2024	2	284	$347M

Nearby Profit Sharing Plans in New Jersey

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Defined Contribution Plan of the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension and Annuity Fund vs. nearby Profit Sharing plans in New Jersey, assets vs. participants

Ernst & Young Partnership Retirement (Hr-10) Plan $2.5B · 1,843
Operating Engineers Local 825 Profit Sharing Fund $1.4B · 10,336
Heavy & General Laborers' Local Unions 472 & 172 of Nj Annuity Plan $1.4B · 8,602
IBEW Local Union No 102 Surety Plan $637M · 2,283
Kpmg Partner Retirement Savings Plan $529M · 1,895

Compare Defined Contribution Plan of the Mid-Jer… side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to Defined Contribution Plan of the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension and Annuity Fund by total assets, not by location.

Sheet Metal Workers Local 218(d) Defined Contribution Plan (IN) $15M · 125
The Mcconnell Foundation Profit Sharing Plan (CA) $15M · 30
Jetblue Airways Corporation Deferred Savings Plan for Puerto Rico Crewmembers (NY) $15M · 507
Shp Management Corp 401(k) Plan (ME) $15M · 260

Frequently Asked Questions

How did Defined Contribution Plan of the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension and Annuity Fund assets move in 2023? ▼

Defined Contribution Plan of the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension and Annuity Fund grew sharply - up 15.3% during 2023, from $13M to $15M. Reported net income was $2M.

How have Defined Contribution Plan of the Mid Jersey Trucking Industry and Team plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Defined Contribution Plan of the Mid Jersey Trucking Industry and Team's sponsor-wide assets grew 0.5%, from $345M to $347M.

Which Profit Sharing plans are similar in size to Defined Contribution Plan of the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension and Annuity Fund? ▼

Among Profit Sharing plans in other states, the closest by assets is Sheet Metal Workers Local 218(d) Defined Contribution Plan in IN ($15M, 125 participants).

Next read for Defined Contribution Plan of the Mid-Jer…

Filing takeaways

Ways to act on Defined Contribution Plan of the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension and Annuity Fund's numbers.

By total assets, Defined Contribution Plan of the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension and Annuity Fund ranks above the median plan by assets. See the largest plans
Compare it side-by-side against 3 similar Profit Sharing plans in New Jersey. Compare plans
Defined Contribution Plan of the Mid Jersey Trucking Industry and Team's sponsor-wide assets have grown 0.5% 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 136043977.