Trustees of Teamsters Local 408 Pension and Welfare Funds retirement plan: assets, participants and fees
What Trustees of Teamsters Local 408 Pension and Welfare Funds' retirement plan plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Jbm Computer Consultants, Inc. | Schedule C ↗ |
| Independent auditor | Mspc Cpa'S & Advisors (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 28 pension plans in transportation and warehousing with 500 to 999 participants.
| Trustees of Teamsters Local 408 Pension and Welfare Funds: employer contribution per participant | $2,651 | |
| Peer median | $1,855 |
| Trustees of Teamsters Local 408 Pension and Welfare Funds: average balance | $114,320 | |
| Peer median | $78,640 |
| Trustees of Teamsters Local 408 Pension and Welfare Funds: admin expenses ÷ assets | 0.94% | |
| Peer median | 0.67% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $1.5M at the end of plan year 2021 to $108M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 942 | $108M | $2.5M | $2,651 | 0.94% | Not published | Form 5500 ↗ |
| 2023 | 982 | $104M | $2.2M | $2,239 | 1.03% | Not published | Form 5500 ↗ |
| 2022 | 1,029 | $93.1M | $4.5M | $4,360 | 1.68% | Not published | Form 5500 ↗ |
| 2021 | 1,013 | $1.5M | $3.9M | $3,801 | 18.00% | Not published | Form 5500 ↗ |
Common questions
Does Trustees of Teamsters Local 408 Pension and Welfare Funds match 401(k) contributions?
The match terms for the Teamsters Local 408 Pension Plan have not been published from its filing yet. The plan year 2024 filing reports $2.5M in employer contributions, about $2,651 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Trustees of Teamsters Local 408 Pension and Welfare Funds 401(k) match vested?
The vesting schedule for the Teamsters Local 408 Pension Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Trustees of Teamsters Local 408 Pension and Welfare Funds 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Jbm Computer Consultants, Inc.. The plan administrator is Trustees of Teamsters Local 408 Pension and Welfare Funds.
I left Trustees of Teamsters Local 408 Pension and Welfare Funds. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Trustees of Teamsters Local 408 Pension and Welfare Funds, (908) 964-9177) or the recordkeeper, Jbm Computer Consultants, Inc.. The Trustees of Teamsters Local 408 Pension and Welfare Funds old 401(k) page lists the contacts from every plan filing. Find an old Trustees of Teamsters Local 408 Pension and Welfare Funds 401(k)
Data from the public Form 5500 annual reports Trustees of Teamsters Local 408 Pension and Welfare Funds filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Trustees of Teamsters Local 408 Pension and Welfare Funds. Not financial advice. Report a correction · Methodology