Defined Benefit (Pension) · DOL Form 5500 · 2024

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

Data updated 2026-08-25

$110M
Total assets Near avg plan size
232
Participants Below avg headcount
91st
Percentile by assets National rank
$472,016
Avg per participant High balance/head
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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.

  • #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.

#15,424
in Manufacturing (17,777 peers)
+7.1%
assets growth YoY
1.1×
vs typical plan assets (national mean)

Industry and Local 338 Pension Fund's outsized position by total assets

Industry and Local 338 Pension Fund vs every filed plan by assets

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

$109,507,698 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

Industry and Local 338 Pension 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. Industry and Local 338 Pension Fund sits mid-pack in the medium band (232 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • 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 →

Published 5500 schedule card

Filing strip 516126649 · Board of Trustees of Industry and Local 338 Pension Fund PY 2024 · Defined Benefit (Pension)

Industry and Local 338 Pension Fund · $110M · 232 · 91st

  • PHOTO $110M
  • PHOTO 232
  • PHOTO 91st
  • PHOTO Defined Benefit (Pension)
  • PHOTO near Molex Hourly Employees' Pension Plan
  • PHOTO ind #15424

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 Manufacturing retirement plans → · Plans in Maryland →

Industry and Local 338 Pension Fund in the asset neighbourhood

RPFEOPWCCRBUMWOAPTTKRAO2024$110MIndustry and Local 338 Pension FundIndustry and Local 338 Pensi…$110MMolex Hourly Employees' Pension PlanMolex Hourly Employees' Pens…$109MAmpex Consolidated Retirement PlanAmpex Consolidated Retiremen…$109MSchindler Elevator Corporation Retirement PlanSchindler Elevator Corporati…$109M
End-of-year total assets ($M) among Industry and Local 338 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Maryland filing particulars

Total Assets (Beginning of Year)$102M
Net Assets (End of Year)$109M
Net Income$7M
Employer EIN516126649
Plan Effective Date1950-06-26
Filing StatusFILING RECEIVED

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

Sponsor-wide plan assets over time

All Board of Trustees of Industry and Local 338 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$110M 13.71715335692648% vs 2022
2024 filing year
$90M$95M$100M$105M$110M$115M 202220232024 $96.3M $110M ▲ +13.7%
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 Scatter plot of 6 data points. -1000000100000200000300000400000 -50510152025 Total assets ($B) Participants Industry and Local 338 Pension Fund, Total assets ($B): 0.109507698 · Participants: 232Industry and Local 338 Pension FundNational Electrical Benefit Fund, Total assets ($B): 20.376060206 · Participants: 332362National Electrical Benefit FundLockheed Martin Corporation Salaried Employee Retirement Program, Total assets ($B): 18.271295253 · Participants: 18014Lockheed Martin Corporation Salaried Employee Retirement ProgramBakery & Confectionery Union & Industry International Pension Fund, Total assets ($B): 6.575836095 · Participants: 14954Bakery & Confectionery Union & Industry International Pension FundNational Automatic Sprinkler Industry Pension Fund, Total assets ($B): 4.765198925 · Participants: 15964National Automatic Sprinkler Industry Pension FundMajor League Baseball Players Pension Plan, Total assets ($B): 4.76226641 · Participants: 1091Major League Baseball Players Pension Plan
Industry and Local 338 Pension Fund vs. nearby Defined Benefit (Pension) plans in Maryland, assets vs. participants
Compare Industry and Local 338 Pension Fund side-by-side with 3 peers →

Industry and Local 338 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Maryland, the nearest Defined Benefit (Pension) by assets is Molex Hourly Employees' Pension Plan in IL ($109M); by covered participants it is Retirement Plan for Employees of Reckitt Benckiser LLC in NJ (232 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($110M here).

Similar participant headcount

Nearest other-state filings by covered participants (232 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 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).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Industry and Local 338 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Retirement Plan for Employees of Reckitt Benckiser LLC in NJ (232 participants, $251M 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 516126649.

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.