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Industry · Form 5500 business code 484110
General Freight Trucking, Local: retirement plans
Plans whose sponsor entered this principal business activity code on Form 5500.
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. The business code is chosen by the filer from the list in the Form 5500 instructions.
248 retirement plans in general freight trucking, local with 100 or more participants filed Form 5500 for plan year 2024 (206 defined contribution, 42 defined benefit). All Form 5500 pension filers in the group reported 313,696 participant records and $22.2B in net assets.
The median defined contribution plan held $25,938 per participant, well below the national median of $53,031, and its employer put in $988 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $124 per participant against $123 nationally.
Employers contributed $970M and participants $488M during the year, and the plans paid out $1.96B in benefits.
In 2009 the same group numbered 250 plans with $6.69B; by 2024 it was 248 plans (down 1%) and $22.2B (up 232%). From plan year 2023 the 100-participant line counts participants with account balances, which moved many plans to the short form.
Medians compared with all US plans
| Median plan, plan year 2024 | Industry: DC | US: DC | Industry: DB | US: DB |
|---|---|---|---|---|
| Net assets per participant | $25,938 | $53,031 | $91,551 | $86,234 |
| Employer contributions per active participant | $988 | $2,174 | $15,117 | $10,244 |
| Schedule C compensation per participant | $124 | $123 | $423 | $344 |
| Schedule C compensation, share of net assets | 0.46% | 0.26% | 0.49% | 0.42% |
| Administrative expenses per participant | $111 | $116 | $678 | $527 |
Medians across plans with 100 or more participants (197 DC and 39 DB plans with a Schedule H here). Fee medians cover plans reporting an amount. DC: defined contribution, such as 401(k) and 403(b). DB: defined benefit pension.
Distribution of DC plans
| Measure | 25th percentile | Median | 75th percentile | Plans |
|---|---|---|---|---|
| Net assets per participant | $11,773 | $25,938 | $48,080 | 197 |
| Employer contributions per active participant | $500 | $988 | $1,953 | 187 |
| Schedule C compensation per participant | $63.60 | $124 | $203 | 167 |
| Administrative expenses per participant | $34.10 | $111 | $211 | 193 |
Trend by plan year
| Plan year | Plans 100+ | Participants | Net assets | Employer contributions | Participant contributions | Median DC assets / participant | Median DC Sch. C / participant |
|---|---|---|---|---|---|---|---|
| 2025partial | 30 | 68,826 | $4.52B | $162M | $205M | $30,604 | $165 |
| 2024 | 248 | 313,696 | $22.2B | $970M | $488M | $25,938 | $124 |
| 2023 | 246 | 297,297 | $17.7B | $845M | $479M | $22,895 | $111 |
| 2022 | 317 | 349,574 | $14.5B | $705M | $501M | $17,657 | $85.95 |
| 2021 | 308 | 332,178 | $14.2B | $706M | $400M | $20,360 | $86.71 |
| 2020 | 285 | 313,286 | $12.3B | $588M | $329M | $18,296 | $78.47 |
| 2019 | 270 | 299,940 | $10.8B | $563M | $301M | $16,761 | $73.28 |
| 2018 | 262 | 249,073 | $8.20B | $512M | $267M | $13,838 | $67.58 |
| 2017 | 257 | 251,951 | $8.47B | $393M | $232M | $15,786 | $62.02 |
| 2016 | 255 | 249,699 | $7.48B | $403M | $205M | $13,796 | $54.74 |
| 2015 | 246 | 255,246 | $7.07B | $384M | $194M | $14,638 | $46.18 |
| 2014 | 241 | 243,548 | $7.26B | $338M | $167M | $16,054 | $47.72 |
| 2013 | 230 | 231,816 | $7.06B | $298M | $147M | $16,628 | $44.52 |
| 2012 | 226 | 234,138 | $6.47B | $272M | $137M | $14,335 | $45.56 |
| 2011 | 222 | 238,740 | $6.73B | $388M | $123M | $13,634 | $46.06 |
| 2010 | 239 | 221,723 | $6.88B | $277M | $114M | $13,687 | $44.94 |
| 2009 | 250 | 240,616 | $6.69B | $296M | $119M | $10,918 | $40.58 |
Plan year is the year in which the plan year began. The drop in large plans from 2023 follows a rule change: the 100-participant line now counts participants with account balances, so many plans moved to the short form.
Provider share
Service provider organisations named most often on the Schedule C of the 252 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 40 largest by participants of 252 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| Old Dominion 401(k) Retirement Plan | Old Dominion Freight Line, Inc. | NC | DC | 23,909 | $2.60B | $108,705 | $4,562 | $139 |
| Saia Motor Freight Line, LLC 401(k) Plan | Saia Motor Freight Line, LLC | GA | DC | 16,292 | $670M | $41,112 | $1,273 | $26.17 |
| Local 705 Int'l Brotherhood of Teamsters Pension Tr. Fd. | BD of Trustees Local 705 I.B. of T. Pension Trust Fund | IL | DB | 15,670 | $1.88B | $120,098 | $32,869 | $593 |
| Southern States Savings & Retirement Plan Trust | Southern States Savings & Retirement Plan Trust | FL | DC | 13,898 | $193M | $13,853 | $762 | $78.74 |
| Teamsters Tforce Freight 401(k) Plan | Tforce Freight, Inc. | VA | DC | 10,493 | $198M | $18,907 | $5 | $45.57 |
| Teamsters Local 639 - Employers Pension Trust Fund | Joint Board of Trustees Teamsters Local 639 - Employers Pension Trust | DC | DB | 9,501 | $1.72B | $181,375 | $26,244 | $678 |
| Teamsters Local 210 Affiliated Pension Trust Fund | Board of Trustees Teamsters Local 210 Affiliated Pension Trust Fund | NY | DB | 7,579 | $155M | $20,393 | $2,829 | $171 |
| Local 804 Annuity Fund | Board of Trustees Local 804 Annuity Fund | NY | DC | 7,578 | $96.4M | $12,723 | $358 | $48.97 |
| The Kenan Advantage Group, Inc. 401(k) Plan | Kenan Advantage Group, Inc. | OH | DC | 7,454 | $278M | $37,281 | $876 | $64.64 |
| Local 282 Pension Trust Fund | Board of Trustees of Local 282 | NY | DB | 7,375 | $1.35B | $183,358 | $17,848 | $831 |
| Tforce Holdings USA, Inc. 401(k) Plan | Tforce Holdings USA, Inc. | TX | DC | 6,465 | $300M | $46,385 | $1,069 | $95.32 |
| Local 295 I.B.T. Employer Group Pension Trust Fund | Trustees of Local 295 I.B.T. Employer Group Pension Trust Fund | NY | DB | 5,521 | $640M | $115,904 | $13,806 | $346 |
| Milwaukee Drivers Pension Plan | Board of Trustees Milwaukee Drivers Pension Fund | WI | DB | 5,239 | $1.08B | $205,977 | $26,631 | $459 |
| Teamster Local 282 Annuity Trust Fund | Board of Trustees Local 282 | NY | DC | 5,146 | $886M | $172,104 | $16,615 | $779 |
| A. Duie Pyle, Inc. Savings Plan | A. Duie Pyle, Incorporated | PA | DC | 5,047 | $292M | $57,867 | $997 | $85.51 |
| Employer - Teamsters Local Nos 175 & 505 Pension Trust Fund | Employer - Teamsters Local Nos 175 & 505 Pension Trust Fund | WV | DB | 5,016 | $453M | $90,214 | $18,365 | $320 |
| Trucking Employees of North Jersey Pension Fund | Trucking Employees of North Jersey Pension Fund | NJ | DB | 5,000 | $728M | $145,589 | $58,774 | $434 |
| Lazer Spot, Inc. 401(k) Plan | Lazer Spot, Inc. | GA | DC | 4,803 | $46.4M | $9,660 | $1,125 | $52.12 |
| Truck Drivers & Helpers Local Union No. 355 Retirement Plan | Joint Board of Trustees of the Drivers and Helpers Local No. 355 | MD | DB | 4,318 | $732M | $169,437 | $19,021 | $626 |
| Pitt Ohio Express, LLC Profit Sharing Plan 401(k) | Pitt Ohio Express, LLC | PA | DC | 3,855 | $396M | $102,733 | $4,365 | $78.30 |
| Road Carriers Local 707 Pension Fund | Board of Trustees of the Road Carriers Local 707 Pension Fund | NY | DB | 3,554 | $663M | $186,517 | $19,370 | $595 |
| Local 807 Labor Management Pension Fund | Board of Trustees Local 807 Labor- Management Pension Fund | NY | DB | 3,513 | $116M | $32,903 | $26,907 | $229 |
| Local 743 Severance and Retirement Plan | Trustees of Local 743 Ib of T | IL | DC | 3,039 | $16.1M | $5,283 | $332 | $77.16 |
| Teamsters' Local 301 Pension Plan | Trustees of Teamsters Local 301 | IL | DB | 2,907 | $484M | $166,455 | $17,544 | $492 |
| Teamsters Local 641 Pension Fund | Board of Trustees Teamsters Local 641 Pension Fund | NJ | DB | 2,904 | $556M | $191,570 | $126,020 | $543 |
| Teamsters Employers Local 945 Pension Fund | Board of Trustees Teamsters Local 945 Pension Fund | NJ | DB | 2,668 | $99.9M | $37,455 | $8,523 | $253 |
| Southwestern Pennsylvania & Western Maryland Area Teamsters & Employers Pension Fund | BD of Trust SW. PA & W. Md. Area Teamsters & Employers Pension Fund | PA | DB | 2,598 | $150M | $57,874 | $21,843 | $89.34 |
| Ctdu - Pension Fund | Ctdu - Pension Fund | IL | DB | 2,305 | $29.8M | $12,933 | $8,613 | $152 |
| Carter 401(k) Plan | Carter Express, Inc. | IN | DC | 2,297 | $27.6M | $12,036 | $652 | $13.17 |
| Teamsters Local 830 Pension Plan | Teamsters Local 830 Pension Plan | PA | DB | 2,247 | $188M | $83,790 | $11,017 | $575 |
| Westchester Teamsters Local 456 Pension Fund | Board of Trustees Local 456 Pension Fund | NY | DB | 2,219 | $257M | $115,976 | $9,341 | $674 |
| The Suddath Companies Retirement Savings Plan | The Suddath Companies | FL | DC | 2,203 | $89.9M | $40,799 | $501 | $113 |
| Smith Transport , Inc. Profit Sharing Plan | Smith Transport, Inc. Profit Sharin | PA | DC | 2,177 | $91.4M | $41,994 | — | $129 |
| National DCP 401(k) Profit Sharing Plan and Trust | National DCP, LLC | GA | DC | 2,145 | $118M | $54,928 | $2,562 | $71.78 |
| Indiana Teamsters Pension Plan | Board of Trustees of the Indiana Teamsters Pension Plan | IN | DB | 2,061 | $101M | $48,814 | $5,881 | $273 |
| Teamsters Local Union 500 - Severance Trust Fund | Teamsters Local Union 500 Severance Trust Fund Board of Trustees | NJ | DC | 1,997 | $68.9M | $34,515 | $4,026 | $124 |
| Teamsters Industrial Employees Pension Fund | Teamsters Industrial Employees Pension Fund | NJ | DB | 1,943 | $74.4M | $38,273 | $12,763 | $198 |
| Local 807 Profit Sharing Plan | Board of Trustees Local 807 Profit Sharing Plan | NY | DC | 1,927 | $67.3M | $34,902 | $2,676 | $141 |
| Local 805 Pension & Retirement Fund | Board of Trustees Local 805 | NY | DB | 1,923 | $176M | $91,551 | $4,194 | $515 |
| Teamsters Local 456 Annuity Fund | Board of Trustees Local 456 Annuity Fund | NY | DC | 1,870 | $246M | $131,501 | $13,555 | $689 |
By plan size
By state
Questions and answers
How many retirement plans are there in general freight trucking, local?
248 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 414 pension plans on the full form. Smaller plans file Form 5500-SF and are counted separately where shown.
What is the typical 401(k) balance in general freight trucking, local?
The median defined contribution plan reported $25,938 in net assets per participant (middle half of plans: $11,773 to $48,080); nationally it was $53,031. This is a plan-level average that includes former employees, not a typical person's balance.
What do employers contribute in general freight trucking, local?
The median defined contribution plan received $988 in employer contributions per active participant, against $2,174 nationally. Plans with no employer contribution are included at zero.
What are average 401(k) fees in general freight trucking, local?
Among defined contribution plans that report any Schedule C compensation, the median was $124 per participant and 0.46% of net assets (nationally $123 and 0.26%). Schedule C leaves out fund expense ratios and fees the employer pays, so it understates total cost.
Where does this come from?
Form 5500 annual reports in the EBSA research files, with filings received through 24 Aug 2026. Medians are computed by this site across plans with 100 or more participants.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Totals count every pension plan on the full form; medians and the plan list cover plans with 100 or more participants. See the methodology.