# Teamsters Bakery Drivers and Industry Pension Fund

Teamsters Bakery Drivers and Industry Pension Fund is a Pension Fund based in Floral Park, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Floral Park, United States
- **Region:** North America
- **Address:** Floral Park, NY, United States
- **Founded:** 2016
- **Assets under management:** $100M - $1B (Altss estimate)
- **Website:** bakerydrivers.asp-benefits.com

## Regulatory record

- **Reports private funds:** No

## About

The Teamsters Bakery Drivers and Industry Pension Fund is a private sector pension fund based in Floral Park, US. It manages approximately $63 million in assets, primarily serving North America.

## People

- Demos P. Demopoulos — Secretary-Treasurer of Teamsters Local 553 and Trustee

## Questions

### What is the legal structure of the Teamsters Bakery Drivers and Industry Pension Fund?

The fund is a Taft-Hartley multiemployer defined-benefit pension plan, established through collective bargaining between Teamsters locals and employers in the bakery distribution industry. It is jointly trusteed, meaning the board includes representatives from both the union — including Demos P. Demopoulos of Teamsters Local 553 — and the contributing companies. The plan is governed by ERISA and insured by the Pension Benefit Guaranty Corporation.

### Which employers contribute to this pension plan?

Bimbo Bakeries USA, a subsidiary of Grupo Bimbo and one of the largest commercial baking companies in North America, is a major contributing employer. Grocery Haulers, Inc. also participates. The contributing employers are bound by collective bargaining agreements with Teamsters Local 553 and the former Local 550, covering delivery drivers and warehouse personnel.

### How did the merger with the Local 550 fund affect the plan?

In 2017, the Teamsters Bakery Drivers and Industry Pension Fund absorbed the Bakery Drivers Local 550 and Industry Pension Fund, merging assets and liabilities into a single plan. The consolidation aimed to spread actuarial risk across a larger participant base and streamline administration under a unified board of trustees. Merged multiemployer plans often pursue this strategy to mitigate the per-capita cost of PBGC premiums and investment management.

### What role does Demos P. Demopoulos play in the fund's governance?

Demos P. Demopoulos serves as a trustee of the fund in his capacity as Secretary-Treasurer of Teamsters Local Union 553. In the joint-trustee structure, he represents the interests of the plan's active and retired participants on all matters of policy, investment manager selection, and benefit determination, sitting alongside employer-appointed trustees.

## Related profiles

- [Team Hydro Foundation](https://altss.com/profile/team-hydro-foundation)
- [Teamsters Employers Local 945 Pension Fund](https://altss.com/profile/teamsters-employers-local-945-pension-fund)

---

Last updated: 2026-08-10T23:49:37.812Z

Canonical page: https://altss.com/profile/teamsters-bakery-drivers-and-industry-pension-fund

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology