Profit Sharing · DOL Form 5500 · 2024

Teamsters Local 676 Employers Annuity Fund Profit Sharing Plan

Data updated 2026-07-24

$50M
Total assets
325
Participants
84th
Percentile by assets
$155,288
Avg per participant
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Official DOL plan name: Teamsters Local 676 and Employers Annuity Fund · Sponsored by Teamsters Local 676 Employers Annuity Fund · New Jersey · Construction

$50M in assets, 325 participants

Teamsters Local 676 Employers Annuity Fund's Teamsters Local 676 and Employers Annuity Fund reported $50M in total assets and 325 participants in its 2024 DOL Form 5500 filing, ranking in the 84th 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.

  • 84th percentile by assets (of 116,472 plans)

Coverage in New Jersey

Teamsters Local 676 and Employers Annuity Fund covers 325 participants in New Jersey, about 38% of the average New Jersey filer (state average ~865 per filing). Assets: $50M.

$50M
total plan assets (2024 EOY)
325
covered participants
84th
percentile by assets (of 116,472 plans)
$155,288
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Teamsters Local 676 and Employers Annuity Fund reported participants fell from 519 in the plan year 2023 filing to 325 in the plan year 2024 filing.
  • Teamsters Local 676 and Employers Annuity Fund reported net income fell from $7M in the plan year 2023 filing to $6M in the plan year 2024 filing.
  • Teamsters Local 676 and Employers Annuity Fund end-of-year assets rose from $46M in the plan year 2023 filing to $50M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
Industry

Participants vs New Jersey filers

In New Jersey, the average filing covers about 865 participants across 3,927 plans. Teamsters Local 676 and Employers Annuity Fund reports 325 participants - about 38% of that state average ($50M EOY assets).

New Jersey filing particulars

Total Assets (Beginning of Year)$46M
Net Assets (End of Year)$50M
Net Income$6M
Employer EIN226477476
Plan Effective Date1989-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Teamsters Local 676 Employers Annuity Fund)

$35M$40M$45M$50M$55M 202220232024 $38.6M $50.5M ▲ +30.7%
Total plan assets by year, all Teamsters Local 676 Employers Annuity Fund plans on file
Year Plans Participants Total Assets
2022 1 668 $39M
2023 1 519 $46M
2024 1 325 $50M

Nearby Profit Sharing Plans in New Jersey

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

Teamsters Local 676 and Employers Annuity Fund vs. nearby Profit Sharing plans in New Jersey, assets vs. participants

Teamsters Local 676 and Employers Annuity Fund vs. nearby Profit Sharing plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -20000200040006000800010000 -10123 Total assets ($B) Participants Teamsters Local 676 …Ernst & Young Partne…Heavy & General Labo…IBEW Local Union No …Kpmg Partner Retirem…Cooper Health System…
Teamsters Local 676 and Employers Annuity Fund vs. nearby Profit Sharing plans in New Jersey, assets vs. participants

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to Teamsters Local 676 and Employers Annuity Fund by total assets, not by location.

Frequently Asked Questions

How did Teamsters Local 676 and Employers Annuity Fund assets move in 2024?
Teamsters Local 676 and Employers Annuity Fund grew at a solid clip - up 9.9% during 2024, from $46M to $50M. Reported net income was $6M.
How have Teamsters Local 676 Employers Annuity Fund plan assets changed over time?
Across 3 plan years on file (2022-2024), Teamsters Local 676 Employers Annuity Fund's sponsor-wide assets grew 30.7%, from $39M to $50M.
Where does Teamsters Local 676 and Employers Annuity Fund rank by assets among Form 5500 filers?
Teamsters Local 676 and Employers Annuity Fund ranks in the 84th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which Profit Sharing plans are similar in size to Teamsters Local 676 and Employers Annuity Fund?
Among Profit Sharing plans in other states, the closest by assets is Gerber/Taylor Capital Advisors Profit Sharing Plan in TN ($50M, 43 participants).

Next read for Teamsters Local 676 and Employers Annuit…

Filing takeaways

Ways to act on Teamsters Local 676 and Employers Annuity Fund's numbers.

  • By total assets, Teamsters Local 676 and Employers Annuity Fund ranks in the top quartile of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar Profit Sharing plans in New Jersey. Compare plans
  • Teamsters Local 676 Employers Annuity Fund's sponsor-wide assets have grown 30.7% since 2022 across 3 plan years on file. More Construction 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 226477476.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.