Defined Benefit (Pension) · DOL Form 5500 · 2024
Trustees of Teamsters Local 408 Pension and Welfare Funds Pension Plan
Data updated 2026-08-11
- $108M
- Total assets
- 183
- Participants
- 91st
- Percentile by assets
- $588,468
- Avg per participant
Official DOL plan name: Teamsters Local 408 Pension Plan · Sponsored by Trustees of Teamsters Local 408 Pension and Welfare Funds · New Jersey · Transportation & Warehousing
$108M in assets, 183 participants
Trustees of Teamsters Local 408 Pension and Welfare Funds's Teamsters Local 408 Pension Plan reported $108M in total assets and 183 participants in its 2024 DOL Form 5500 filing, ranking in the 91st 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.
- 91st percentile by assets (of 123,622 plans)
- #2,935 in Transportation & Warehousing (3,299 peers)
Coverage in New Jersey
Teamsters Local 408 Pension Plan covers 183 participants in New Jersey, about 22% of the average New Jersey filer (state average ~844 per filing). Assets: $108M.
- $108M
- total plan assets (2024 EOY)
- 183
- covered participants
- 91st
- percentile by assets (of 123,622 plans)
- $588,468
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Teamsters Local 408 Pension Plan reported net income fell from $11M in the plan year 2023 filing to $4M in the plan year 2024 filing.
- Teamsters Local 408 Pension Plan end-of-year assets rose from $104M in the plan year 2023 filing to $108M in the plan year 2024 filing.
- Teamsters Local 408 Pension Plan reported participants fell from 189 in the plan year 2023 filing to 183 in the plan year 2024 filing.
Participants vs New Jersey filers
In New Jersey, the average filing covers about 844 participants across 4,145 plans. Teamsters Local 408 Pension Plan reports 183 participants - about 22% of that state average ($108M EOY assets).
New Jersey filing particulars
| Total Assets (Beginning of Year) | $104M |
|---|---|
| Net Assets (End of Year) | $108M |
| Net Income | $4M |
| Employer EIN | 226172437 |
| Plan Effective Date | 1961-03-06 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Trustees of Teamsters Local 408 Pension and Welfare Funds)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 186 | $93M |
| 2023 | 1 | 189 | $104M |
| 2024 | 1 | 183 | $108M |
Nearby Defined Benefit (Pension) Plans in New Jersey
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Teamsters Local 408 Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants
- Retirement Plan of Johnson and Johnson $21.1B · 37,882
- JPMorgan Chase Retirement Plan $16.1B · 83,812
- Nokia Retirement Income Plan $12.9B · 7,280
- The Prudential Merged Retirement Plan $12.0B · 16,233
- Merck US Pension Plan $10.1B · 26,843
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Teamsters Local 408 Pension Plan by total assets, not by location.
Frequently Asked Questions
How did Teamsters Local 408 Pension Plan assets move in 2024? ▼
How have Trustees of Teamsters Local 408 Pension and Welfare Funds plan assets changed over time? ▼
Where does Teamsters Local 408 Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Teamsters Local 408 Pension Plan? ▼
Next read for Teamsters Local 408 Pension Plan
Filing takeaways
Ways to act on Teamsters Local 408 Pension Plan's numbers.
- By total assets, Teamsters Local 408 Pension Plan ranks in the top 10% 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
- Trustees of Teamsters Local 408 Pension and Welfare Funds's sponsor-wide assets have grown 15.5% since 2022 across 3 plan years on file. More Transportation & Warehousing plans