Defined Benefit (Pension) · DOL Form 5500 · 2024

Board of Trustees of Industry and Local 338 Pension Fund Pension Plan

Data updated 2026-08-11

$110M
Total assets: 232
Participants: 91st
Percentile by assets: $472,016
Avg per participant

Official DOL plan name: Industry and Local 338 Pension Fund · Sponsored by Board of Trustees of Industry and Local 338 Pension Fund · Maryland · Manufacturing

$110M in assets, 232 participants

Board of Trustees of Industry and Local 338 Pension Fund's Industry and Local 338 Pension Fund reported $110M in total assets and 232 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)
#15,424 in Manufacturing (17,777 peers)

Coverage in Maryland

Industry and Local 338 Pension Fund covers 232 participants in Maryland, about 25% of the average Maryland filer (state average ~929 per filing). Assets: $110M.

$110M
total plan assets (2024 EOY): 232
covered participants: 91st
percentile by assets (of 123,622 plans): $472,016
avg assets per participant

Industry and Local 338 Pension Fund reported net income rose from $6M in the plan year 2023 filing to $7M in the plan year 2024 filing.
Industry and Local 338 Pension Fund end-of-year assets rose from $102M in the plan year 2023 filing to $110M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Maryland

Industry

Manufacturing

Participants vs Maryland filers

In Maryland, the average filing covers about 929 participants across 2,484 plans. Industry and Local 338 Pension Fund reports 232 participants - about 25% of that state average ($110M EOY assets).

Maryland filing particulars

Total Assets (Beginning of Year)	$102M
Net Assets (End of Year)	$109M
Net Income	$7M
Employer EIN	516126649
Plan Effective Date	1950-06-26
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees of Industry and Local 338 Pension Fund)

Total plan assets by year, all Board of Trustees of Industry and Local 338 Pension Fund plans on file

Year	Plans	Participants	Total Assets
2022	1	215	$96M
2023	1	232	$102M
2024	1	232	$110M

Nearby Defined Benefit (Pension) Plans in Maryland

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

Industry and Local 338 Pension Fund vs. nearby Defined Benefit (Pension) plans in Maryland, assets vs. participants

National Electrical Benefit Fund $20.4B · 332,362
Lockheed Martin Corporation Salaried Employee Retirement Program $18.3B · 18,014
Bakery & Confectionery Union & Industry International Pension Fund $6.6B · 14,954
National Automatic Sprinkler Industry Pension Fund $4.8B · 15,964
Major League Baseball Players Pension Plan $4.8B · 1,091

Compare Industry and Local 338 Pension Fund side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Industry and Local 338 Pension Fund by total assets, not by location.

Molex Hourly Employees' Pension Plan (IL) $109M · 674
Ampex Consolidated Retirement Plan (CT) $109M · N/A
RPFEOPWCCRBUMWOAPTTKRAO2024 (MO) $110M · 22
Schindler Elevator Corporation Retirement Plan (NJ) $109M · 217

Frequently Asked Questions

How did Industry and Local 338 Pension Fund assets move in 2024? ▼

Industry and Local 338 Pension Fund grew at a solid clip - up 7.1% during 2024, from $102M to $110M. Reported net income was $7M.

How have Board of Trustees of Industry and Local 338 Pension Fund plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees of Industry and Local 338 Pension Fund's sponsor-wide assets grew 13.7%, from $96M to $110M.

Where does Industry and Local 338 Pension Fund rank by assets among Form 5500 filers? ▼

Industry and Local 338 Pension Fund 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 Industry and Local 338 Pension Fund? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Molex Hourly Employees' Pension Plan in IL ($109M, 674 participants).

Next read for Industry and Local 338 Pension Fund

Filing takeaways

Ways to act on Industry and Local 338 Pension Fund's numbers.

By total assets, Industry and Local 338 Pension Fund 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 Maryland. Compare plans
Board of Trustees of Industry and Local 338 Pension Fund's sponsor-wide assets have grown 13.7% since 2022 across 3 plan years on file. More Manufacturing 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 516126649.