Defined Benefit (Pension) · DOL Form 5500 · 2024

Bd of Trustees Local 705 I.B. of T. Pension Trust Fund Pension Plan

Data updated 2026-08-11

$1.9B
Total assets: 5,346
Participants: 99th
Percentile by assets: $354,688
Avg per participant

Official DOL plan name: Local 705 Int'l Brotherhood of Teamsters Pension Tr. Fd. · Sponsored by Bd of Trustees Local 705 I.B. of T. Pension Trust Fund · Illinois · Transportation & Warehousing

$1.9B in assets, 5,346 participants

Bd of Trustees Local 705 I.B. of T. Pension Trust Fund's Local 705 Int'l Brotherhood of Teamsters Pension Tr. Fd. reported $1.9B in total assets and 5,346 participants in its 2024 DOL Form 5500 filing, ranking in the 99th 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.

99th percentile by assets (of 123,622 plans)
#3,250 in Transportation & Warehousing (3,299 peers)

Coverage in Illinois

Local 705 Int'l Brotherhood of Teamsters Pension Tr. Fd. covers 5,346 participants in Illinois, 6.9x the typical Illinois plan (state average ~779 per filing). Assets: $1.9B.

$1.9B
total plan assets (2024 EOY): 5,346
covered participants: 99th
percentile by assets (of 123,622 plans): $354,688
avg assets per participant

Local 705 Int'l Brotherhood of Teamsters Pension Tr. Fd. reported net income fell from $177M in the plan year 2023 filing to $157M in the plan year 2024 filing.
Local 705 Int'l Brotherhood of Teamsters Pension Tr. Fd. end-of-year assets rose from $1.7B in the plan year 2023 filing to $1.9B in the plan year 2024 filing.
Local 705 Int'l Brotherhood of Teamsters Pension Tr. Fd. reported participants fell from 5,722 in the plan year 2023 filing to 5,346 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Illinois

Industry

Transportation & Warehousing

Participants vs Illinois filers

In Illinois, the average filing covers about 779 participants across 5,745 plans. Local 705 Int'l Brotherhood of Teamsters Pension Tr. Fd. reports 5,346 participants - 6.9x that state average ($1.9B EOY assets).

Illinois filing particulars

Total Assets (Beginning of Year)	$1.7B
Net Assets (End of Year)	$1.9B
Net Income	$157M
Employer EIN	366492502
Plan Effective Date	1955-01-05
Filing Status	FILING RECEIVED

Sponsor Plan History (Bd of Trustees Local 705 I.B. of T. Pension Trust Fund)

Total plan assets by year, all Bd of Trustees Local 705 I.B. of T. Pension Trust Fund plans on file

Year	Plans	Participants	Total Assets
2023	1	5,722	$1.7B
2024	1	5,346	$1.9B

Nearby Defined Benefit (Pension) Plans in Illinois

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

Local 705 Int'l Brotherhood of Teamsters Pension Tr. Fd. vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants

Central States, Southeast & Southwest Areas Pension Plan $48.2B · 36,799
State Farm Insurance Companies Retirement Plan for United States Employees $37.7B · 41,619
GE Healthcare Pension Plan $13.7B · 5,554
Abbott Laboratories Annuity Retirement Plan $8.6B · 17,875
United Food & Commercial Workers Intl Union - Industry Pension Fund $8.2B · 20,984

Compare Local 705 Int'l Brotherhood of Teamsters… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Local 705 Int'l Brotherhood of Teamsters Pension Tr. Fd. by total assets, not by location.

John Hancock Pension Plan (MA) $1.9B · 5,193
Danaher Corporation & Subsidiaries Pension Plan (DC) $1.9B · 2,599
Celanese Americas Retirement Pension Plan (TX) $1.9B · 1,096
Cbs Combined Pension Plan (NY) $1.9B · 948

Frequently Asked Questions

How did Local 705 Int'l Brotherhood of Teamsters Pension Tr. Fd. assets move in 2024? ▼

Local 705 Int'l Brotherhood of Teamsters Pension Tr. Fd. grew at a solid clip - up 9.1% during 2024, from $1.7B to $1.9B. Reported net income was $157M.

How have Bd of Trustees Local 705 I.B. of T. Pension Trust Fund plan assets changed over time? ▼

Across 2 plan years on file (2023-2024), Bd of Trustees Local 705 I.B. of T. Pension Trust Fund's sponsor-wide assets grew 9.1%, from $1.7B to $1.9B.

Where does Local 705 Int'l Brotherhood of Teamsters Pension Tr. Fd. rank by assets among Form 5500 filers? ▼

Local 705 Int'l Brotherhood of Teamsters Pension Tr. Fd. ranks in the 99th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).

Which Defined Benefit (Pension) plans are similar in size to Local 705 Int'l Brotherhood of Teamsters Pension Tr. Fd.? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is John Hancock Pension Plan in MA ($1.9B, 5,193 participants).

Next read for Local 705 Int'l Brotherhood of Teamsters…

Filing takeaways

Ways to act on Local 705 Int'l Brotherhood of Teamsters Pension Tr. Fd.'s numbers.

By total assets, Local 705 Int'l Brotherhood of Teamsters Pension Tr. Fd. ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Illinois. Compare plans
Bd of Trustees Local 705 I.B. of T. Pension Trust Fund's sponsor-wide assets have grown 9.1% since 2023 across 2 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 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 366492502.