Money Purchase · DOL Form 5500 · 2022

Board of Trustees of Local 553 Deferred Compensation Fund Money Purchase Plan

Data updated 2026-08-25

$46M
Total assets Below avg plan size
376
Participants Below avg headcount
87th
Percentile by assets National rank
$122,246
Avg per participant Near avg balance/head
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Official DOL plan name: Local 553 Deferred Compensation Fund · Sponsored by Board of Trustees of Local 553 Deferred Compensation Fund · New York · Retail Trade

$46M in assets, 376 participants

Board of Trustees of Local 553 Deferred Compensation Fund's Local 553 Deferred Compensation Fund reported $46M in total assets and 376 participants in its 2022 DOL Form 5500 filing, ranking in the 87th 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.

  • #8,862 in Retail Trade (9,519 peers)

Coverage in New York

Local 553 Deferred Compensation Fund covers 376 participants in New York, about 47% of the average New York filer (state average ~798 per filing). Assets: $46M.

#8,862
in Retail Trade (9,519 peers)
-12.8%
assets change YoY
0.5×
vs typical plan assets (national mean)

The plan reported a net loss of $7M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Local 553 Deferred Compensation Fund's outsized position by total assets

Local 553 Deferred Compensation Fund vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$45,964,351 Top 13% higher than 87% of 139,123 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 2022

Local 553 Deferred Compensation Fund among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Local 553 Deferred Compensation Fund sits mid-pack in the medium band (376 participants).

DOL schedule card

Filing strip 132977211 · Board of Trustees of Local 553 Deferred Compensation Fund PY 2022 · Money Purchase

Local 553 Deferred Compensation Fund · $46M · 376 · 87th

  • PCT $46M
  • PCT 376
  • PCT 87th
  • PCT Money Purchase
  • PCT near Faith Regional Health Services Employees Retirement Plan
  • PCT ind #8862

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 Retail Trade retirement plans → · Plans in New York →

Local 553 Deferred Compensation Fund in the asset neighbourhood

I.a.H.F.I.a.W. Local No. 32 - Annuity FundI.a.H.F.I.a.W. Local No. 32 …$46MFaith Regional Health Services Employees Retirement PlanFaith Regional Health Servic…$46MLocal 553 Deferred Compensation FundLocal 553 Deferred Compensat…$46MWashington & Jefferson College Tiaa Cref Group Retirement Annuity PlanWashington & Jefferson Colle…$46MHarvard Management Company Inc. Pension PlanHarvard Management Company I…$46M
End-of-year total assets ($M) among Local 553 Deferred Compensation Fund and nearest nationwide Money Purchase peers. Source: DOL Form 5500 plan year 2022.

New York filing particulars

Total Assets (Beginning of Year)$53M
Net Assets (End of Year)$46M
Net Income-$7M
Employer EIN132977211
Plan Effective Date1978-12-16
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees of Local 553 Deferred Compensation Fund)

Sponsor-wide plan assets over time

All Board of Trustees of Local 553 Deferred Compensation Fund plans reported in each filing year

Latest sponsor-wide plan assets
$46M 0.7195402367369442% vs 2022
2024 filing year
$45.5M$45.6M$45.7M$45.8M$45.9M$46M 202220232024 $46M $45.6M ▼ -0.7%
Year Plans Participants Total Assets
2022 1 376 $46M
2023 1 361 $46M
2024 1 337 $46M

Nearby Money Purchase Plans in New York

Peer Money Purchase plans, same state, same plan type, ranked by total assets.

Local 553 Deferred Compensation Fund vs. nearby Money Purchase plans in New York, assets vs. participants Scatter plot of 6 data points. -1000001000020000300004000050000 -1012345 Total assets ($B) Participants Local 553 Deferred Compensation Fund, Total assets ($B): 0.045964351 · Participants: 376Local 553 Deferred Compensation FundTiaa Retirement Plan, Total assets ($B): 4.543178238 · Participants: 11825Tiaa Retirement PlanYoung Men's Christian Association Retirement Fund Retirement Plan, Total assets ($B): 3.62423 · Participants: 42922Young Men's Christian Association Retirement Fund Retirement PlanMcKinsey & Company, Inc. (Mppp) Money Purchase Pension Plan, Total assets ($B): 1.717200853 · Participants: 11845McKinsey & Company, Inc. (Mppp) Money Purchase Pension PlanBrookhaven Science Associates, LLC Retirement Plan, Total assets ($B): 1.251409519 · Participants: 2436Brookhaven Science Associates, LLC Retirement PlanIron Workers Locals 40,361, & 417 Annuity Fund, Total assets ($B): 1.072542175 · Participants: 5068Iron Workers Locals 40,361, & 417 Annuity Fund
Local 553 Deferred Compensation Fund vs. nearby Money Purchase plans in New York, assets vs. participants
Compare Local 553 Deferred Compensation Fund side-by-side with 3 peers →

Local 553 Deferred Compensation Fund's out-of-state Money Purchase peers by assets and headcount

Outside New York, the nearest Money Purchase by assets is Faith Regional Health Services Employees Retirement Plan in NE ($46M); by covered participants it is Nyk Group Americas Inc. Money Purchase Pension Plan in NJ (374 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (376 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Local 553 Deferred Compensation Fund assets move in 2022? ▼
Local 553 Deferred Compensation Fund pulled back noticeably - down 12.8% during 2022, from $53M to $46M. Reported net income was -$7M.
How have Board of Trustees of Local 553 Deferred Compensation Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees of Local 553 Deferred Compensation Fund's sponsor-wide assets declined 0.7%, from $46M to $46M.
Where does Local 553 Deferred Compensation Fund rank by assets among Form 5500 filers? ▼
Local 553 Deferred Compensation Fund ranks in the 87th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which Money Purchase plans are similar in size to Local 553 Deferred Compensation Fund? ▼
Among Money Purchase plans in other states, the closest by assets is Faith Regional Health Services Employees Retirement Plan in NE ($46M, 1,412 participants).
Which Money Purchase plans cover a similar participant headcount to Local 553 Deferred Compensation Fund? ▼
Among Money Purchase plans in other states, the closest by covered participants is Nyk Group Americas Inc. Money Purchase Pension Plan in NJ (374 participants, $38M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 132977211.

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.