Defined Benefit (Pension) · DOL Form 5500 · 2024
Defined Benefit Plan of the Mid-Jersey Trucking Industry and Teamsters Pension Plan
Data updated 2026-08-11
- $331M
- Total assets
- 63
- Participants
- 96th
- Percentile by assets
- $5.3M
- Avg per participant
Official DOL plan name: Defined Benefit Plan of the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension and Annuity Fund · Sponsored by Defined Benefit Plan of the Mid-Jersey Trucking Industry and Teamsters · New Jersey · Transportation & Warehousing
$331M in assets, 63 participants
Defined Benefit Plan of the Mid-Jersey Trucking Industry and Teamsters's Defined Benefit Plan of the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension and Annuity Fund reported $331M in total assets and 63 participants in its 2024 DOL Form 5500 filing, ranking in the 96th 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.
- 96th percentile by assets (of 123,622 plans)
- #3,121 in Transportation & Warehousing (3,299 peers)
Where Defined Benefit Plan of the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension and Annuity Fund sits by assets
Defined Benefit Plan of the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension and Annuity Fund sits in the top 5% of all filed plans by assets, $331M for 63 participants (~$5.3M/participant), down 1.8% in 2024.
- $331M
- total plan assets (2024 EOY)
- 63
- covered participants
- 96th
- percentile by assets (of 123,622 plans)
- $5.3M
- avg assets per participant
The plan reported a net loss of $5M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Defined Benefit Plan of the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension and Annuity Fund reported net income fell from $5M in the plan year 2023 filing to -$5M in the plan year 2024 filing.
- Defined Benefit Plan of the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension and Annuity Fund reported participants fell from 167 in the plan year 2023 filing to 63 in the plan year 2024 filing.
- Defined Benefit Plan of the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension and Annuity Fund end-of-year assets fell from $338M in the plan year 2023 filing to $331M in the plan year 2024 filing.
Defined Benefit Plan of the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension and Annuity Fund vs the 2024 asset distribution
By assets, Defined Benefit Plan of the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension and Annuity Fund outranks 96% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 3.3x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $338M |
|---|---|
| Net Assets (End of Year) | $331M |
| Net Income | -$5M |
| Employer EIN | 136043977 |
| Plan Effective Date | 1958-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Defined Benefit Plan of the Mid-Jersey Trucking Industry and Teamsters)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 419 | $345M |
| 2023 | 2 | 403 | $353M |
| 2024 | 2 | 284 | $347M |
Nearby Defined Benefit (Pension) Plans in New Jersey
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Defined Benefit Plan of the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension and Annuity Fund 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 Defined Benefit Plan of the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension and Annuity Fund by total assets, not by location.
- Pension Plan of the Plumbers and Steamfitters Local Union No. 33 Retirement Trust (IA) $331M · 1,233
- Itg Brands, LLC Retirement Allowance Plan for Hourly Rated and/or Piecework Employees (NC) $331M · 283
- Retirement Plan for Employees of Intermountain Power Service Corporation (UT) $330M · 315
- Valeo, Inc. Pension Plan (MI) $330M · 244
Frequently Asked Questions
How did Defined Benefit Plan of the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension and Annuity Fund assets move in 2024? ▼
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Where does Defined Benefit Plan of the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension and Annuity Fund rank by assets among Form 5500 filers? ▼
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Ways to act on Defined Benefit Plan of the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension and Annuity Fund's numbers.
- By total assets, Defined Benefit Plan of the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension and Annuity Fund ranks in the top 5% 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
- Defined Benefit Plan of the Mid-Jersey Trucking Industry and Teamsters's sponsor-wide assets have grown 0.5% since 2022 across 3 plan years on file. More Transportation & Warehousing plans