Profit Sharing · DOL Form 5500 · 2024

Trustees of Teamsters Local 408 Annuity Fund Profit Sharing Plan

Data updated 2026-08-25

$21M
Total assets Small plan by assets
246
Participants Below avg headcount
71st
Percentile by assets National rank
$86,842
Avg per participant Below avg balance/head
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Official DOL plan name: Teamsters Local 408 Annuity Fund · Sponsored by Trustees of Teamsters Local 408 Annuity Fund · New Jersey · Transportation & Warehousing

$21M in assets, 246 participants

Trustees of Teamsters Local 408 Annuity Fund's Teamsters Local 408 Annuity Fund reported $21M in total assets and 246 participants in its 2024 DOL Form 5500 filing, ranking in the 71st 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.

  • #2,362 in Transportation & Warehousing (3,299 peers)

Coverage in New Jersey

Teamsters Local 408 Annuity Fund covers 246 participants in New Jersey, about 29% of the average New Jersey filer (state average ~844 per filing). Assets: $21M.

#2,362
in Transportation & Warehousing (3,299 peers)
+3.1%
assets growth YoY

Teamsters Local 408 Annuity Fund's outsized position by total assets

Teamsters Local 408 Annuity Fund vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$21,363,037 Top 29% higher than 71% of 123,620 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 2024

Teamsters Local 408 Annuity Fund among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Teamsters Local 408 Annuity Fund sits mid-pack in the medium band (246 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Teamsters Local 408 Annuity Fund reported net income fell from $1M in the plan year 2023 filing to $917K in the plan year 2024 filing.
  • Teamsters Local 408 Annuity Fund reported participants fell from 271 in the plan year 2023 filing to 246 in the plan year 2024 filing.
  • Teamsters Local 408 Annuity Fund end-of-year assets rose from $21M in the plan year 2023 filing to $21M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 223002089 · Trustees of Teamsters Local 408 Annuity Fund PY 2024 · Profit Sharing

Teamsters Local 408 Annuity Fund · $21M · 246 · 71st

  • SCH $21M
  • EBSA 246
  • PART 71st
  • TYPE Profit Sharing
  • NET near Matrix Partners Management Services, L. P. Profit Sharing Plan
  • BOOK ind #2362

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 Annuity Fund in the asset neighbourhood

Beach Capital Management, LLC Employees Profit Sharing PlanBeach Capital Management, LL…$21MPleasantville Holding Company, Inc. Profit Sharing PlanPleasantville Holding Compan…$21MMatrix Partners Management Services, L. P. Profit Sharing PlanMatrix Partners Management S…$21MTeamsters Local 408 Annuity FundTeamsters Local 408 Annuity …$21MNew England Gallery, Inc. Profit Sharing PlanNew England Gallery, Inc. Pr…$21M
End-of-year total assets ($M) among Teamsters Local 408 Annuity Fund and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2024.

New Jersey filing particulars

Total Assets (Beginning of Year)$21M
Net Assets (End of Year)$21M
Net Income$917K
Employer EIN223002089
Plan Effective Date1989-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Trustees of Teamsters Local 408 Annuity Fund)

Sponsor-wide plan assets over time

All Trustees of Teamsters Local 408 Annuity Fund plans reported in each filing year

Latest sponsor-wide plan assets
$21M 12.296058006756045% vs 2022
2024 filing year
$18M$19M$20M$21M$22M 202220232024 $19M $21.4M ▲ +12.3%
Year Plans Participants Total Assets
2022 1 266 $19M
2023 1 271 $21M
2024 1 246 $21M

Nearby Profit Sharing Plans in New Jersey

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

Teamsters Local 408 Annuity Fund vs. nearby Profit Sharing plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -10123 Total assets ($B) Participants Teamsters Local 408 Annuity Fund, Total assets ($B): 0.021363037 · Participants: 246Teamsters Local 408 Annuity FundErnst & Young Partnership Retirement (Hr-10) Plan, Total assets ($B): 2.537544692 · Participants: 1666Ernst & Young Partnership Retirement (Hr-10) PlanHeavy & General Laborers' Local Unions 472 & 172 of Nj Annuity Plan, Total assets ($B): 1.550996804 · Participants: 8865Heavy & General Laborers' Local Unions 472 & 172 of Nj Annuity PlanOperating Engineers Local 825 Profit Sharing Fund, Total assets ($B): 1.508059789 · Participants: 10365Operating Engineers Local 825 Profit Sharing FundIBEW Local Union No 102 Surety Plan, Total assets ($B): 0.684866455 · Participants: 2382IBEW Local Union No 102 Surety PlanKpmg Partner Retirement Savings Plan, Total assets ($B): 0.52416742 · Participants: 1704Kpmg Partner Retirement Savings Plan
Teamsters Local 408 Annuity Fund vs. nearby Profit Sharing plans in New Jersey, assets vs. participants
Compare Teamsters Local 408 Annuity Fund side-by-side with 3 peers →

Teamsters Local 408 Annuity Fund's out-of-state Profit Sharing peers by assets and headcount

Outside New Jersey, the nearest Profit Sharing by assets is Matrix Partners Management Services, L. P. Profit Sharing Plan in MA ($21M); by covered participants it is Oakland Zoo 403(b) Plan in CA (246 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (246 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Teamsters Local 408 Annuity Fund assets move in 2024? ▼
Teamsters Local 408 Annuity Fund edged up modestly - up 3.1% during 2024, from $21M to $21M. Reported net income was $917K.
How have Trustees of Teamsters Local 408 Annuity Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Trustees of Teamsters Local 408 Annuity Fund's sponsor-wide assets grew 12.3%, from $19M to $21M.
Which Profit Sharing plans are similar in size to Teamsters Local 408 Annuity Fund? ▼
Among Profit Sharing plans in other states, the closest by assets is Matrix Partners Management Services, L. P. Profit Sharing Plan in MA ($21M, 24 participants).
Which Profit Sharing plans cover a similar participant headcount to Teamsters Local 408 Annuity Fund? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Oakland Zoo 403(b) Plan in CA (246 participants, $8M in assets).

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 223002089.

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.