Defined Benefit (Pension) · DOL Form 5500 · 2024

Trustees of Teamsters Local 408 Pension and Welfare Funds Pension Plan

Data updated 2026-08-25

$108M
Total assets Near avg plan size
183
Participants Below avg headcount
91st
Percentile by assets National rank
$588,468
Avg per participant High balance/head
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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.

  • #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.

#2,935
in Transportation & Warehousing (3,299 peers)
+3.6%
assets growth YoY
1.1×
vs typical plan assets (national mean)

Teamsters Local 408 Pension Plan's outsized position by total assets

Teamsters Local 408 Pension Plan vs every filed plan by assets

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

$107,689,578 Top 9% higher than 91% 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 Pension Plan 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 Pension Plan sits mid-pack in the medium band (183 participants).

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.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 226172437 · Trustees of Teamsters Local 408 Pension and Welfare Funds PY 2024 · Defined Benefit (Pension)

Teamsters Local 408 Pension Plan · $108M · 183 · 91st

  • RANK $108M
  • PHOTO 183
  • IND 91st
  • EOY Defined Benefit (Pension)
  • 5500 near San Francisco Symphony Retirement Plan
  • ASSETS ind #2935

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 Pension Plan in the asset neighbourhood

Tower Federal Credit Union Retirement PlanTower Federal Credit Union R…$108MSealed Air Corporation Combined Pension PlanSealed Air Corporation Combi…$108MSan Francisco Symphony Retirement PlanSan Francisco Symphony Retir…$108MTeamsters Local 408 Pension PlanTeamsters Local 408 Pension …$108MCash Balance Retirement Plan of Brown Brothers Harriman & Co.Cash Balance Retirement Plan…$108M
End-of-year total assets ($M) among Teamsters Local 408 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

New Jersey filing particulars

Total Assets (Beginning of Year)$104M
Net Assets (End of Year)$108M
Net Income$4M
Employer EIN226172437
Plan Effective Date1961-03-06
Filing StatusFILING RECEIVED

Sponsor Plan History (Trustees of Teamsters Local 408 Pension and Welfare Funds)

Sponsor-wide plan assets over time

All Trustees of Teamsters Local 408 Pension and Welfare Funds plans reported in each filing year

Latest sponsor-wide plan assets
$108M 15.512081577056192% vs 2022
2024 filing year
$90M$95M$100M$105M$110M 202220232024 $93.2M $108M ▲ +15.5%
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 Scatter plot of 6 data points. -20000020000400006000080000100000 -50510152025 Total assets ($B) Participants Teamsters Local 408 Pension Plan, Total assets ($B): 0.107689578 · Participants: 183Teamsters Local 408 Pension PlanRetirement Plan of Johnson and Johnson, Total assets ($B): 21.095569114 · Participants: 37882Retirement Plan of Johnson and JohnsonJPMorgan Chase Retirement Plan, Total assets ($B): 16.066557714 · Participants: 83812JPMorgan Chase Retirement PlanNokia Retirement Income Plan, Total assets ($B): 12.855309 · Participants: 7280Nokia Retirement Income PlanThe Prudential Merged Retirement Plan, Total assets ($B): 12.025028912 · Participants: 16233The Prudential Merged Retirement PlanMerck US Pension Plan, Total assets ($B): 10.090083286 · Participants: 26843Merck US Pension Plan
Teamsters Local 408 Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants
Compare Teamsters Local 408 Pension Plan side-by-side with 3 peers →

Teamsters Local 408 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New Jersey, the nearest Defined Benefit (Pension) by assets is San Francisco Symphony Retirement Plan in CA ($108M); by covered participants it is Pension Plan for Certain Salaried Ees of Alcoa USA Corp. in PA (183 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (183 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 Pension Plan assets move in 2024? ▼
Teamsters Local 408 Pension Plan edged up modestly - up 3.6% during 2024, from $104M to $108M. Reported net income was $4M.
How have Trustees of Teamsters Local 408 Pension and Welfare Funds plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Trustees of Teamsters Local 408 Pension and Welfare Funds's sponsor-wide assets grew 15.5%, from $93M to $108M.
Where does Teamsters Local 408 Pension Plan rank by assets among Form 5500 filers? ▼
Teamsters Local 408 Pension Plan ranks in the 91st percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Teamsters Local 408 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is San Francisco Symphony Retirement Plan in CA ($108M, 81 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Teamsters Local 408 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Pension Plan for Certain Salaried Ees of Alcoa USA Corp. in PA (183 participants, $592M 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 226172437.

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.